Capital markets remain in consolidation as benchmark index gains merely 55 points

November 13, 2018 (MLN): After touching a dramatic low of 40,760 points during early hours of trade, the benchmark KSE - 100 index picked up pace and traded sideways for most of the session, closing the day in a state of consolidation with merely 55 points higher than yesterday’s closing, at 41,152 points.

While the index remained bound within the range of 441 point, it reached an intraday high of 41,202 points.

The shares of 90 scrips listed within the 100 – index were traded today. Share volume logged in at 91.3 million while their value has been recorded at PKR 4.7 billion.

Of these, the shares prices of 48 scrips increased while 36 scrips’ prices sank.

Commercial Banks and Refinery turned out to be the best performing sectors today, while the index heavyweights which navigated the 100- index included TRG (+2.5%), PIBTL (+1.39%), BOP (+0.61%) and PAEL (+1.01%).

On the other hand, the broader KSE All Share Index gained only 35 points and concluded the session at 29,851 points.

The intraday high of All Share Index touched 29,869 points and intraday low dropped to 29,629 points, while the index travelled within the range of 240 points.

The scrips listed within the broader KSE Index witnessed a trade of 177 million shares at PKR 6.9 billion.

Of all the scrips traded today, share prices of 136 companies closed the day in green while 158 companies landed in red.

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