KSE-100 puts an end to a volatile week by landing in consolidation

February 22, 2019 (MLN): The KSE-100 index finally ended the week in consolidation following a highly volatile activity that took place throughout the week, with various unexpected ups and downs. The benchmark index closed the session at 40,016 points after losing 54 points.

The major stragglers responsible for dragging down the market were UBL (-5%), HBL (-2.51%), KAPCO (-3.46%), HUBC (-0.82%). On the other hand, scrips of BAHL (+2.05%), MCB (+0.51%), MEBL (+1.09%) and KOHC (+4.99%) provided some support to the index.  

Sector-wise, the commercial banks faced the maximum pressure throughout the trading session, as they took away around 112 points from the index.

In addition to this, nearly 66 million shares were traded today for the scrips listed on the benchmark index with their total value recorded at Rs. 4.5 billion.

The broader KSE All Share index exhibited almost no change in its position, as it lost only 3 points and closed at 29,016 points. It traded nearly 98 million shares today, having a value at Rs 5.4 billion.

Copyright Mettis Link News

Posted on: 2019-02-22T17:38:00+05:00