KSE-100 dips below 40,000 mark as panic lingers

February 19, 2019 (MLN): Panic continued to hover upon KSE-100 index, as it lost another 262 points despite presence of various positive triggers. The index remained volatile throughout the day and ultimately closed at 39,957 points, dipping below the 40,000 mark.  

The losses were mainly driven by the Fertilizer sector and E&P companies, as they took away around 67 points from the index. Moreover, the scrips of HBL (-2.16%), PAKT (-4.17%), EFERT (-1.91%), SNGP (-3.48%) and UBL (-1.07%) endured the maximum brunt.

Besides, nearly 56 million shares were traded today for the scrips listed on the benchmark index with their total value recorded at Rs. 3 billion.

Out of 317 companies, share prices of 81 companies recorded increase while that of 215 companies registered decrease whereas 21 companies remained stable in today's trading.

KEL was the volume leader with 9,979,500 shares, and its per share price decreased by Rs 0.03 to close at Rs 6.43 per share, whereas PAEL emerged as the runner up with 5,710,000 shares traded during the day.

The broader KSE All Share index also marked its third day in the red region, as it further lost around 233 points and closed at 28,956 points. It traded nearly 94 million shares today, having a value at Rs 3.8 billion.

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