Hello, 911? The Trading floors are under attack!

May 6, 2019 (MLN): On account of negative sentiments carried forward from last week and vague economic policies, the bears have wildly rallied through yet another milestone on trading floors today as the benchmark KSE – 100 index has been pushed down by another 342 points at intraday trade, thus bringing the current trading value at 35,777 points.

The last time benchmark index was below 36,000 points in intraday trade was nearly three years ago on May 31, 2016, when it sank to a low of 35,947 points.

The bearish sentiments are mainly feeding off Commercial Banks, Oil & Gas Exploration Companies and Cement as these sectors have jointly stripped the index of over 200 points.

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Posted on: 2019-05-06T12:11:00+05:00