KSE-100 lands in mayhem as Forex reserves refuse to go up

November 19, 2018 (MLN): The KSE 100 index landed in a state of mayhem by the end of its trading session as it lost nearly 307 points and closed in at 41,352 points, while investors kept waiting for the reserves to go up. Commercial Banks emerged as the major point snatchers as they took away 117 points from the index.

Among the index heavy weights, the scrips of HBL (-1.77%), MCB (-1.93%), HUBC (-2.05%) and FFC (-1.82%) faced most of the losses as market went down by 0.74%.

Engulfed within a range of 442 points, the index touched an intraday high of 41,682 points and an intraday low of 41,240 points. Around 67 million shares traded today for the scrips listed on the benchmark index with their total value recorded at Rs. 4.7 billion.

Meanwhile, the KSE All share lost around 166 points by the day end and closed in at 29,853 points.

An intraday high of 30,044 points and an intraday low of 29,793 points was recorded by the day end for the all share index with a range of 250 points.

Over 176 million shares of the scrips listed within the broader KSE All Share Index were traded today, with their value recorded at Rs6.9 billion.

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