KSE-100 index remains in red zone as it sheds 343 points

March 8, 2019 (MLN): The KSE-100 index ended the week on a bearish note as it lost 343 points by the end of today’s session, ultimately closing at 38,950 points. Lack of positive triggers resulted in selling pressure for investors.

Major sectors comprising of Fertilizer, Oil & Gas Exploration Companies, Commercial Banks, Cement and Power Generation & Distribution endured most of the pressure as the combined losses from these sectors amounted to 278 points. While the major scrips responsible in dragging the benchmark index down were ENGRO (-1.84%), HUBC (- 2.07%), MCB (-1.92%), PSEL (-4.99%) and PPL (-1.17%).

Moving within the range of 456 points, the bourse touched an intra-day high of 39,323 points and intra-day low of 38,866 points.

During the day, market activity remained dull as nearly 46.1 million shares were traded today for the scrips listed on the benchmark index with their total value recorded at Rs.3.19 billion.

Correspondingly, the broader KSE All Share index shed around 137 points by the day end and closed at 28,520 points.

An intraday high of 28,675 points and an intraday low of 28,471 points was recorded by the day end for the all share index with a range of 203 points.

Over 73.9 million shares of the scrips listed within the broader KSE All Share Index have been traded so far, with its value recorded at Rs.3.75 billion.

Total 298 companies’ transacted shares in the Stock Market today, out of which 66 recorded gains and 205 sustained losses whereas the share price of 27 companies remained unchanged.

Copyright Mettis Link News