Headwinds continue as KSE-100 loses another 267 pts to Commercial Banks and Cement

February 18, 2019 (MLN): Amidst consistent downpour of news regarding potential investment in various sectors of Pakistan by Saudi Arabia, the capital markets failed to absorb the entailed optimism as the benchmark index lost another 267 points, bringing the closing value for the day down to 40,219 points.

As commercial banks and Cement Companies emerged as the worst performing sectors of the day, loss on the share prices of the blue chips including LUCK (-1.68%), UBL (-1.27%), DGKC (-4.26%) and MCB (-0.97%) in particular were the main driving force of today’s trade.

However, the value and volume of today trade exceeded that of the previous one’s noticeably. A total of 57.9 million shares were traded in today’s session at a value of Rs.3.75 billion.

Of all the companies listed within the 100-index, whose shares were traded today, the share prices of 67 companies plunged while that of 16 companies recorded a rise.

On the other hand, the broader KSE All Share shed 141 points in today’s trading session, closing the day at 29,189 points.

A total of 98.8 million shares were traded in today’s session at the broader KSE index, whereas the value of trade locked in at Rs.4.7 billion.

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