Capital markets remain under pressure, KSE - 100 sheds 276 pts

December 17, 2018 (MLN): Due to lack of triggers in capital markets, KSE - 100 index remained within the red region in today’s trade, closing the session 276 points below yesterday’s closing value. The trading floors witnessed pessimism amongst investors, as the benchmark index recoiled to a closing of 38,309 points.

Moving within the range of 382 points, the index touched an intraday high of 38,585 points and an intraday low of 38,203 points.

Companies listed within KSE – 100 index witnessed a trade of 46 million shares through the day, at PKR 2.2 billion.

Of all the companies whose shares were traded, the share price of 29 companies soared while 56 companies experienced a decline.

The sectors that led the benchmark index into losses today comprise Commercial Banks and Oil & Gas Exploration Companies, as the two collectively took away over 160 points from the index.

In particular, losses on the scrips of HBL (-3.33%) weighed down KSE – 100 index the most heavily.

On the other hand, the broader KSE All Share Index shed 144 points today, concluding the day’s trade at 28,182 points.

Maximum volume of shares traded today amounted to 66.8 million, at a value of PKR 2.8 billion.

Copyright Mettis Link News