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Stocks opened higher on Tuesday, with the key index crossing the 5,400-mark in early trading, as investors continued to take positions in perceived attractive stocks.
The upcoming national budget announcement, scheduled for June 11, and the central bank's allocation of Tk 600 billion in revival funds also encouraged investors to take positions in lucrative stocks.
Following the previous day's positive closing after the Eid holidays, the prime index of the Dhaka Stock Exchange (DSE) went up by more than 29 points, or 0.54 per cent, to 5,401 after the first hour of trading at 11:00 am, when the report was filed.
The DS30 index, which consists of blue-chip companies, gained 8 points to 2,053, while the DSES index, which represents Shariah-based companies, rose 2 points to 1,088 by then.
Turnover, another important indicator of the market, also surged and amounted to Tk 3.42 billion by then.
Of the issues traded, 251 advanced, 68 declined and 65 remained unchanged. RD Food was the most traded stock, with shares worth Tk 118 million changing hands by then.
The Chittagong Stock Exchange (CSE) also witnessed a positive trend by then, with its All Share Price Index (CASPI) rising 35 points to 15,006, while the Selective Categories Index (CSCX) gained 21 points to 9,236.
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