KARACHI: The launching of National Custodial Services for the capital investors has propped up the stocks as the Karachi Stock Exchange benchmark 100-index gained 209.17 points or 0.65 per cent to reach 32223.08points, with volume of 18,077,150 shares in early trading on Friday.
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.
