The government’s revenue from the Dhaka Stock Exchange (DSE) increased by 41 per cent in the first ten months of this fiscal year compared to the same period last year, owing to increased trading volume. According to market analysts, government earnings from the prime bourse increased in tandem with rising turnover, as earnings are proportional to turnover.
According to DSE figures, the government earned Tk3,474 million in ten months for Year Year (FY) 2021-22, compared to Tk2,468 million in the same time the previous fiscal.
Tk2,865 million came from TREC holders’ commission, also known as brokerage commission, in the current fiscal’s July-April period, while Tk609 million came from share sales by sponsor-directors and placement holders, according to DSE data. Tk1,801 million came from TREC holders’ commission in FY 2020-21 for July-April, whereas Tk667 million came from share sales by sponsor-directors and placement holders. The money came from TREC (trading right entitlement certificate) holders’ commissions and sponsor-directors’ and placement holders’ share sales.
The DSE’s monthly earnings declined marginally by 11 per cent in April, to Tk218 million, down from Tk245 million in March 2022. According to DSE data, the average daily turnover in the first ten months of the current fiscal year was Tk14.50 billion, up from Tk12.45 billion in the same time the previous fiscal year.
In the fiscal year 2020-21, the government’s revenue profits from the DSE reached a 10-year high of Tk2.66 billion, as turnover reached a decade high in a few sessions. However, due to poor market turnover and a trading stoppage for more than two months due to the Covid-19 outbreak, the government’s profits from the DSE fell to Tk1.04 billion in FY2019-20.
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