100 index in a state of consolidation after consecutive losses

September 11, 2018 (MLN): After four consecutive sessions of losses at the stock market and nine out of the last ten sessions in the red, Pakistan’s stock market is taking a breather in in the initial hours of the trading session today.

KSE 100, currently up by merely 24 points, is now trading at 40,704 points and has seen trading activity of 25 million shares so far.

Oil and Gas Exploration Companies, along with Power Generation and Distribution companies are coming out as the net gaining sectors so far, having contributed about 65 points to the index at the time of the writing of this article.

On the flip side, Fertilizer and Commercial Banks are coming out as the net losers on the index so far, having taken away about 69 points from the index.

Among the index drivers, HUBC (+2.41%), PPL (+0.94%) and OGDC (+0.55%) have contributed the most to the index, while FFC (-1.18%), ENGRO (-0.8%), BAHL (-1.14%), and HBL (-0.41%) have taken away the most points from the 100 index so far.

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