Capital markets witness a break in winning streak, KSE-100 loses 108 pts

February 6, 2019 (MLN): Domestic stock markets took a breather from the three day long winning streak today, as Commercial Banks navigated the benchmark index towards red, stripping it of 107 points altogether.

The market participants seemed to have held a profit taking stance for today’s session, following rejoicing victories in the last three.

Today’s trade started out on a positive note, but as the day progressed there was also a looming fear of further delay in IMF bailout package that influenced the market participants negatively, causing fluctuation in the index.

It marked an overall low of 41,417 points towards the latter part of day, before regaining some points to conclude the day at 41,505 points.

Today’s closing value is 108 points lower than yesterday’s figure, marking a decline of 0.26% in the index.

A total of 118.4 million shares were traded of 93 companies listed within the KSE – 100, at a value of PKR 7.8 billion.

Out of these companies, the share price of 54 companies witnessed decline while 36 companies observed a rise.

Meanwhile, the KSE All Share index depicted a state of consolidation at day end as it concluded the day at 30,046 points, down by 60 points.

205.2 million shares were traded at the broader All Share index throughout the day, at PKR 9.9 billion.

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