Capital markets remain in consolidation amid internationally declining oil prices

December 19, 2018 (MLN): The trading floors witnessed consolidation in today’s trade amid internationally declining oil prices, causing losses on stocks of Oil & Gas Exploration Companies and Oil& Gas Marketing Companies.

The benchmark KSE – 100 index shed 52 points by the end of session, closing the day’s trade at 38,063 points, down by merely 0.14% from yesterday’s closing value.

Bound within the range of 320 points, the index peaked to an intraday high of 38,179 points and an intraday low of 37,859 points.

Of all the companies listen within the index, whose shares were traded today, share prices of 36 companies witnessed increase while 52 companies plunged.

Volume of trade recorded today is 70.4 million shares at Rs.3.9 billion.

In particular, the scrips that experienced maximum losses were PPL (-2.58%), OGDC (-44.18%) and POL (-2.6%).

On the other hand, the broader KSE All Share lost nearly 74 points in today’s trade, concluding the day at 28,103 points. The index reached an intraday high of 28,177 points and an intraday low of 27,953 points

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