Margin Trading System spurs bulls at Karachi Stock Exchange


KSE-100 index closed up 83 points at 11,456 level with 45m shares traded today, down 3 per cent from yesterday.
SECP announced participation of individual Financiers in the Margin Trading System (MTS) a move that provided some much needed impetus for locals to join buying spree led by institutional investors. NIB bank stood as volume leader today after rumors of Tamasek Holding intending to sell their majority stake in the bank to Industrial Commercial Bank of China (ICBC). FII’s activity was unheard today due to Christmas Holiday season while locals were rumoured buyers in fertiliser stocks.
The KSE 100 index closed at 11435.67 levels with the gain of 83.08 points, while kSe 30 index
bagged 29.96 points to close at 10318.16 levels. All Share index closed at 7912.96 levels after gaining 56.93 points. Total 133 scrips advanced 87 declined and 98 remain unchanged out of total 318 scrips traded. The companies that reflected significant turnover included NIB Bank, Worldcall, FFBL, Dawood Hercules, BoP, HUBCO, SSGC, FATIMA, NBL, and Bank Al-Falah.