Benchmark index lands in consolidation as bears take time-out

April 3, 2019 (MLN): After going through a rough patch in the last two trading sessions, the capital markets concluded today’s trade in consolidation while the market participants seemed to channel mixed emotions.

The benchmark KSE – 100 index collectively shed over 600 points in previous two sessions and an additional 13 points in today’s, closing the day at 38,022 points.

While Oil & Gas Exploration Companies emerged as the best performing sector with a contribution of 77 points to KSE – 100 index, Commercial Banks took away over 91 points, thereby leading it towards the red zone.

HBL and MCB with 1.6% declines in share prices each, were the key navigators of the index.

A total of 63 million shares of 95 companies were traded within this index, at PKR 3.2 billion. 43 of these companies registered an increase in their share prices while 49 companies recorded a decrease in theirs.

Meanwhile, the All Share KSE Index gained 36 points today and closed today’s trade at 27,810 points.

Within the broader All Share Index, 153.3 million shares were traded at PKR 3.7 billion.

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