KSE-100 index breaks 4 days’ bullish trend by landing in consolidation

March 5, 2019 (MLN): Despite perception of de-escalation of tensions between India and Pakistan, the benchmark KSE – 100 index demonstrated mixed sentiments at the trading floor today. The KSE-100 Index landed in consolidation by the end of the session, breaking its 4 days' bullish trend by shedding over 61 points and closing the day at 39,688 points. Lack of positive triggers resulted in selling pressure for investors.

The Intraday high logged in at 39,955 points while intraday low was recorded at 39,598 points. The index travelled within the range of 356 points through the day.

Major sectors comprising of Oil & Gas Exploration Companies, Commercial Banks and Cement endured most of the pressure as the combined losses from these sectors amounted to 86 points. While the major scrips responsible in dragging the benchmark index down were OGDC (-0.9%), PPL (- 0.81%), PSO (-1.33%), UBL (-0.75%) and MCB (-0.53%).

Nearly 126 million shares were traded today for the scrips listed on the benchmark index with their total value recorded at Rs.4.7 billion.

Correspondingly, the broader KSE All Share index lost around 12 points by the day end and closed at 28,969 points.

An intraday high of 29,126 points and an intraday low of 28.893 points were recorded by the day end for the all share index with a range of 233 points.

Over 163 million shares of the scrips listed within the broader KSE All Share Index have been traded so far, with its value recorded at Rs.5.8 billion.

Total 311 companies’ transacted shares in the Stock Market today, out of which 135 recorded gains and 153 sustained losses whereas the share price of 23 companies remained unchanged.

Copyright Mettis Link News

Posted on: 2019-03-05T17:38:00+05:00

26507