Absence of triggers pulls KSE-100 back to red region as it sheds 200 pts

January 2, 2019 (MLN): Domestic capital markets in Pakistan lost footing in the second trading session of the year, after gaining above 900 points at KSE – 100 index in the first session. The 100 index shed 200 points by session end today, concluding the day’s trade at 37,795 as absence of positive triggers and concerns on political and macroeconomic front kept the investors’ sentiments in check.

Cement and Oil & Gas Exploration companies endured most of the pressure as they shed 89 points collectively, whereas the scrips of MCB (-3.15%), LUCK (-3.45%), POL (-3.33%) and NESTLE (-5.00%) bore the maximum losses.

The index jostled between an intraday high of 38,449 points and an intraday low of 37,710 points, engulfed within a range of 738 points, Nearly 88 million shares were traded today for the scrips listed on the benchmark index with their total value recorded at Rs 5.5 billion.

The KSE All Share index exhibited a similar position and lost around 230 points by the day end and closed in at 28,399 points.

Over 133 million shares of the scrips listed within the broader KSE All Share Index were traded today, with their value recorded at Rs 6.5 billion.

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