Index down by 395.03 points in intraday trade

The Benchmark KSE 100 Index currently trading at 44,986.49, negative by 395.03 points. Up till now, the index posted a day high of 44,440.10 and a day low of 43,925.64. The total volume till the mid of the day is 56.61 million shares. The selling pressure has been observed in the market.

In Benchmark KSE-100 Index, 76 scripts are down and only 12 scripts are up.

Oil marketing companies sector might go up, because of the press release that government approves the price differential claims on the import of the petrol. This is the positive sentiment for the OMC sector.

Commercial Banks are down by 128.39 points, due to the news of super tax. Which is a negative sentiment for the market. The banking sector companies are down today by 53.37 points. Major selling have been observed in HBL and MCB. They contributed 37.77 and 31.99 points negatively in the market in this particular sector.

Major bears in the market are MCB, HBL, FFC, ENGRO and SNGP, whereas major bulls in the market are MARI, LUCK and POL.

Posted on: 2018-05-08T14:24:00+05:00