KSE-100 loses out on 445 points after a choppy performance

February 8, 2019 (MLN): The KSE-100 index slipped throughout the day and landed at 40,887 points, after shedding nearly 445 points.

The major loss bearers for today’s trading activity were Commercial Banks, as they took away 132 points from the index. Within the sector, the scrips of HBL (-49.25pts), BAFL (-19pts) MCB (-18pts) and UBL (-18pts) endured maximum losses. The E&P companies also faced the brunt of today’s choppy performance as they lost around 88 points.

The index remained bounded within a range of 662 points, with an intraday high of 41,453 and intraday low of 40,790 points. Moreover, nearly 124 million shares were traded today for the scrips listed on the benchmark index with their total value recorded at Rs 7.3 billion.

The broader KSE All Share index also marked its entry in the red area by falling beneath the 30,000 mark and closing at 29,652, after losing 255 points. It traded nearly 169 million shares today, having a value at Rs 8.5 billion.

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