Closing Bell: Blues hover the index as it sheds 609 points

October 04, 2018 (MLN): Gloomy atmosphere continues to hover the KSE-100 as the absence of positive triggers landed the index on the red region for the third consecutive session. At close, the benchmark KSE 100-share Index exhibited a plunge of 473 points or 1.17% to settle at 40,087

The stocks of Commercial banks (down by 128 points) and Cement (down by 67 points) largely influenced the index as the merged as the major loss bearing contributors.

The losses on HBL (-2.23%), MCB (-1.53%), PSO (-2.43%) and ENGRO (-1.25%) brought about most of the volatility on the index.

Within a range of 609 points, the market travelled to an intraday high of 40,603 points and an intraday low of 39,993 points.  With respect to volume, around 54 million shares of the companies listed on KSE-100 were traded with a worth of around Rs. 2.7 billion.

Correspondingly, the broader KSE All Share lost 293 points by the day end, closing in at 29,398 points. An intraday high of 29,724 points was recorded for the KSE All Share index, while the intraday low sunk to 29,365 points today.

Over 110 million shares of the scrips listed within the broader KSE All Share Index were traded today, with its value recorded at Rs. 4.1 billion.

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