The Dhaka Stock Exchange’s (DSE) benchmark DSEX surged 112 points today (November 5) to 5,365.

This is the second consecutive day of gains following a capital gains tax cut by the National Board of Revenue (NBR), providing a further boost to investor sentiment.

On Monday, the NBR announced a reduction in the capital gains tax rate for earnings above Tk 50 lakh, bringing it down from 30 per cent to 15 per cent.

This adjustment effectively lowers the top tax rate for wealthy individuals from 40.25% to 20.25%, including surcharges.

Positive sentiment saw 341 stocks advance, while only 17 declined and 32 remained unchanged.

The DSE’s daily revenue jumped 48% from the previous session to Tk 839 crore.

Square Pharmaceuticals dominated the trading activity with a turnover of Tk 33 crore, followed by Acme Laboratories, Linde Bangladesh and Bangladesh Shipping Corporation.

Among the gainers, Fu Wang Food saw the biggest price increase, up 10%, while Shurwid Industries, Aramit Cement, Rupali Life Insurance and National Life Insurance also recorded strong performances.

On the other hand, Lovello Ice-Cream experienced the biggest decline, making it the worst performer of the session.