Capital markets retreat in red region shedding nearly 300 pts

December 05, 2018 (MLN): Aligned with the declining trend in global markets today, KSE – 100 index shed 299 points in today’s trade, concluding the day at 39, 303 points.

However, through the day, market participants seemed to be in a frenzy as the index moved within a range of 887 points, dropping below the 39,000 points mark to an intraday low of 38,719, and peaking to an intraday high of 39,607 points.

Of all the companies listed within KSE – 100, whose shares were traded today, the share prices of 72 companies dropped while 21 companies registered rise.

A total of 87.9 million shares of these companies were traded through the day, at PKR 5.4 billion.

The sectors contributing to the aforementioned losses included Commercial Banks, Oil & Gas Exploration Companies and Cement, as they jointly took away over 170 points from the index.

More specifically, losses on the scrips of HBL (-1.5%), PSO (-2.57%), HUBC (-1.6%) and OGDC (-1.03%) led the benchmark index into red.

On the other hand, the broader KSE All Share Index lost 188 points by day end, as it closed today’s trade at 28, 678 points.

The All Share Index touched an intraday high of 28,867 points and an intraday low of 28,218 points as it moved within the range of 648 points.

The scrips listed within the broader KSE witnessed a trading activity of 138 million shares at PKR 6.8 billion.

Of all these scrips whose shares were traded today, the share prices of 90 companies soared whereas 207 suffered decline.

Copyright Mettis Link News

Posted on: 2018-12-05T17:20:00+05:00

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