KSE-100 marks another day in consolidation after equity markets lose 27 pts

March 12, 2019 (MLN): The KSE-100 index market its second day in consolidation as it lost nearly 27 points by the end of the trading session, ultimately closing at 38,896 points.

Commercial Banks faced the maximum brunt of today’s dull trading activity and lost 94 points, whereas Oil & Gas Exploration Companies and Cement Companies remained on the safe side as they cumulatively contributed around 61 points to the index. Moreover, the major contributors for the Index’s performance were MEBL (-4.99%), HBL (-1.49%), MCB (-1.27%), INDU (-2.43%) and HCAR (-4.4%).

The index observed trading of 54 million shares of the listed scrips, having a total value of Rs. 3.2 billion. Within a range of 382 points, the index touched an intra-day high of 39,030 points and an intra-day low of 38,648 points. 

The broader KSE All Share index also closed in consolidation, as it gained merely 4 points and closed at 28,512 points. It traded nearly 89 million shares, having a value of Rs 3.9 billion.

Copyright Mettis Link News