November 28, 2018 (MLN): Having hiked by over a hundred points yesterday, the benchmarks KSE – 100 index retreated to the red region in today’s trade as bears took control of the trading floors.
The 100 index shed 189 points by day end, thus concluding the day’s trade at 40,704 points, down by 0.46% compared to yesterday’s closing value.
The negative sentiments was attributed to on-going roll over week for future contracts.
Through the day, the index moved within a window of 427 points, peaking to an intraday high of 41,081 points and sinking to an intraday low of 40,653 points.
Market participants traded a total of 76.4 million shares today, at PKR 5.2 billion. Of all the 92 companies listed within KSE – 100, whose shares were traded today, the share prices of only 23 companies increased whereas 68 companies recorded declines.
The sectors responsible for weighing down the index today comprise Oil & Gas Exploration Companies, Fertilizer, Cement and Commercial Banks, which collectively took away over 140 points from the index.
In particular, losses on the scrips of HBL (-1.15%), PPL (-1.15%), OGDC (-0.86%), UBL (-0.94%) and ENGRO (-0.69%) drove the index in red.
Meanwhile, the KSE All share lost around 71 points by the day end and closed in at 29,370 points.
An intraday high of 29559 points and an intraday low of 29,269 points was recorded by the day end for the all share index with a range of 290 points.
Over 124.1 million shares of the scrips listed within the broader KSE All Share Index were traded today, with their value recorded at Rs6.56 billion.
