KARACHI: The KSE-100 index of Pakistan Stock Exchange (PSX) declined by 123 points on Friday amid an increase in the profit rate of National Saving Schemes (NSS).
The KSE-100 index ended at 43,396 points from the previous day’s closing of 43,519 points.
Analysts at Topline Securities said that the KSE-100 Index largely remained in the negative zone during the day to close at 43,396 level.
This negativity in the market can be attributed to increase in National Saving Scheme in the range of 161 basis points to 240 basis points.
Major contribution to the index came from NESTLE, TRG, FFC, MEBL and BAFL, as they cumulatively contributed 75 points to the index, whereas on the flip side SYS, BAHL, DAWH, HBL and UBL lost value to weigh down on the index by 108 points.
Traded volume and value for the day were 179 million shares and Rs.6.73 billion, respectively. TRG was today`s volume leader with 14.6 million shares.
