Closing Bell: Reduction in NSS rates elevates optimism in equity market

November 6, 2019 (MLN): The KSE-100 index ended the trading session on Wednesday with a 295.02 point or 0.83 percent gain to close at 35,653.33.

The index remained highly positive throughout the day touching an intraday high of 35,985, mainly because of the cut in profits rates of National Saving Schemes, which was announced last night.

Of the 94 traded companies in the KSE100 Index 67 closed up and 27 closed down. Total volume traded for the index was 194.37 million shares.

Sectors propping up the index were Cement with 53 points, Inv. Banks / Inv. Cos. / Securities Cos. with 45 points, Fertilizer with 25 points, Food & Personal Care Products with 24 points and Tobacco with 23 points.

The most points added to the index was by DAWH which contributed 42 points followed by PAKT with 31 points, PPL with 22 points, LUCK with 20 points and EFERT with 16 points.

All Share Volume decreased by 10.42 Million to 298.06 Million Shares. Market Cap increased by Rs.72.72 Billion.

Total companies traded were 379 compared to 370 from the previous session. Of the scrips traded 248 closed up, 115 closed down while 16 remained unchanged.

Total trades increased by 4,792 to 88,019.

Value Traded increased by 1.85 Billion to Rs.10.53 Billion

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