KSE-100 sheds 130 pts due to lack of positive triggers

January 9, 2019 (MLN): The KSE 100 index started off today’s session on a highly positive note by gaining 150 points in the early hours. However, during the second half of the session it lost momentum and fell flat by losing 130 points by the end of today’s trading activity, ultimately closing at 38,921. Lack of positive triggers resulted in selling pressure for investors.

Major sectors comprising of Cement, Fertilizer and Commercial Banks endured most of the pressure as the combined losses from these sectors amounted to 95 points. The scrips of LUCK (-1.76%), PAKT (-2.9%), EFERT (-1.29%) and BAHL (-1%) suffered the maximum losses.

Bounded within a range of 451 points, the index travelled between an intraday high of 39,267 points and an intraday low of 38,816 points. Nearly 96 million shares were traded today for the scrips listed on the benchmark index with their total value recorded at Rs 4.9 billion.

The KSE All Share index exhibited a similar stance by losing around 137 points by the day end and closing at 28,638 points.

The broader share index traded nearly 133 million shares today, with their value recorded at Rs 5.8 billion.

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