Intraday Report: Index could not sustain momentum, down by 615 points

March 06, 2020 (MLN): The KSE-100 Index has lost 615 points in the intraday session today and is currently trading at 38,766 level [10:21 am].

According to the opening note by Ismail Iqbal Securities, the stock market might witness profit-taking today as global markets could not sustain momentum amid Coronavirus anxiety.

Sector-wise, Oil & Gas Exploration Companies, Commercial Banks, Fertilizer and Power Generation and Distribution Companies have witnessed highest-selling activity as they have cumulatively snatched 464 points from the index so far.

Company-wise, the scrips of OGDC, PPL, HUBC, HBL and ENGRO have endured the maximum losses.

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Posted on: 2020-03-06T10:27:00+05:00

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