Benchmark index sheds 173 pts amid dull activity

February 7, 2019 (MLN): The KSE-100 index ended today’s session on a depressing note by shedding 173 points and closed in at 41,332 points. Lack of positive triggers resulted in selling pressure for investors.

Major sectors comprising of Cement, Fertilizers and Commercial Banks endured most of the pressure as the combined losses from these sectors amounted to 125 points. While the major scrips responsible in dragging the benchmark index down were PPL (- 1.14%), DAWH (- 3.05%), LUCK (-1.44%), UBL (-1.08%) and BAHL (-1.13%).

Moving within the range of 317 points, the bourse touched an intra-day high of 41, 606 points and intra-day low of 41,289 points.

During the day, market activity remained dull as nearly 64.1 million shares were traded today for the scrips listed on the benchmark index with their total value recorded at Rs.4.4 billion.

Correspondingly, the broader KSE All Share index shed around 138 points by the day end and closed at 29,908 points.

An intraday high of 30,111 points and an intraday low of 29,895 points was recorded by the day end for the all share index with a range of 216 points.

Over 137 million shares of the scrips listed within the broader KSE All Share Index have been traded so far, with its value recorded at Rs.6 billion.

Total 326 companies’ transacted shares in the Stock Market today, out of which 102 recorded gains and 211 sustained losses whereas the share price of 13 companies remained unchanged.

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