October 22, 2018 (MLN): The KSE 100 index loitered on a neutral zone during today’s trading session as it lost merely 84.85 points by the day end to close in at 38,345 points.
The confusion amongst investors was prompted by the ECC meeting that took place today to discuss and agree upon a tariff hike in electricity prices by 20%. However, the decision regarding price hike was deferred to another ECC meeting, creating further confusion within the stock market.
Fertilizer, Oil & Gas Exploration Companies and Cement sectors emerged as the net losers as they jointly took away 149 points from the index.
Furthermore, losses on the scrips of PPL (-2.29%), ENGRO (-1.81%), PAKT (-5%), LUCK (-2.32%) and FFC (-1.24%) enticed the index towards a state of consolidation.
Curbed within a range of 519 points, the index touched an intraday high of 38,783 points and an intraday low of 38,264 points. Around 138 million shares traded today for the scrips listed on the benchmark index with their total value recorded at Rs. 6.09 billion.
In a similar manner, the broader KSE All share index landed itself in the same position by losing around 44.76 points and closing in at 28,377 points.
An intraday high of 28,659 points and an intraday low of 28,335 points was recorded by the day end for the all share index with a range of 323 points.
Over 235 million shares of the scrips listed within the broader KSE All Share Index have been traded so far, with its value recorded at Rs. 7.5 billion.
Within the broader KSE All share index, share prices of 202 companies soared high whereas the prices of 123 companies nose-dived.
