Benchmark index sheds 409 pts amid dull activity

February 25, 2019 (MLN): The KSE-100 index started the week on a bearish note as it lost 409 points by the end of today’s session, ultimately closing at 39,606 points. Lack of positive triggers coupled with FATF’s unsatisfactory opinion on government’s effort to comply with AML/CFT regulations resulted in selling pressure for investors.

Major sectors comprising of Commercial Banks, Cement, Fertilizer, Power Generation & Distribution and Oil & Gas Exploration Companies endured most of the pressure as the combined losses from these sectors amounted to 312 points. While the major scrips responsible in dragging the benchmark index down were HBL (-2.56%), UBL (- 3.45%), HUBC (-1.81%), LUCK (-1.86%) and PPL (-0.95%).

Moving within the range of 495 points, the bourse touched an intra-day high of 40,046 points and intra-day low of 39,550 points.

During the day, market activity remained dull as nearly 44.1 million shares were traded today for the scrips listed on the benchmark index with their total value recorded at Rs.2.99 billion.

Correspondingly, the broader KSE All Share index shed around 224 points by the day end and closed at 28,792 points.

An intraday high of 29,054 points and an intraday low of 28,759 points was recorded by the day end for the all share index with a range of 294 points.

Over 68 million shares of the scrips listed within the broader KSE All Share Index have been traded so far, with its value recorded at Rs.3.66 billion.

Total 311 companies’ transacted shares in the Stock Market today, out of which 97 recorded gains and 193 sustained losses whereas the share price of 21 companies remained unchanged.

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