Close-End Mutual Fund Sector Sees Increase in Index

Karachi, The Close-End Mutual Fund sector showed an increase in its index on the Pakistan Stock Exchange. With a modest market capitalization of Rs. 2,872,968,750 and a turnover of 169,500, the traded value was Rs. 655,580.00. The sector's index rose from 1,947.410 to 1,957.060, an increase of 9.650 points. Although representing a smaller segment of the market with 0.030% of market capitalization, this sector's positive change, contributing 0.044% to the total capitalization, signals investor interest in close-end mutual funds.