KARACHI: The newly-inducted National Custodial Services for the capital investors have helped the country’s biggest stock market to edge up to 32313 points, by gaining 298.67 points till middy on Friday, the last trading day.
The Karachi Stock Exchange benchmark 100-index witnessed highest trading level of 32312.76 points and lowest level of 32013.91 points, with the total volume of 87,829,980 shares, having Rs6,078,336,768 value.
The three top traded companies remained Pak Elektron with a volume of 15,448,000 and price per share of 57.65, Jah.Sidd. Co. with a volume 10,562,000 and price per share of 22.60, and Lafarge Pak with a volume 7,958,500 and price per share of 15.85.
Earlier, the KSE 100-index gained 209.17 points or 0.65 per cent to reach 32223.08points, with volume of 18,077,150 shares in morning trading.
The National Clearing Company of Pakistan Limited (NCCPL), which provides clearing and settlement services to all three stock exchanges in the country, has launched National Custodial Services (NCS) for the capital market investors. The NCS provides the investors an option to directly settle their trades and transactions with the NCCPL and also maintain the custody of securities and cash with NCCPL while they can continue to execute trades and transactions in the capital market with the Trading Right Entitlement Certificate (TREC) holder(s) of their choice.
On Thursday, the KSE gained 126.61 points or 0.40 percent to reach 32013.91points and volume of 159,479,270shares on closing.