KSE-100 sheds 535 points while PKR weakens further

November 6, 2018 (MLN): The KSE 100 index fell considerably throughout today’s trading activity, mainly owing to the failure of PM Imran Khan to secure a bailout package from the Chinese government, which resulted in PKR declining further by 17 paisa. The index lost approximately 535 points by the day end and closed in at 40,958 points.

Commercial banks, Cement and Oil & Gas Exploration Companies emerged as the top net losers as they jointly extracted 324 points from the index.

Among the index heavy weights, losses on the scrips of HBL (-2.43%), OGDC (-1.76%), BAHL (-3.07%), LUCK (-2.48%), UBL (-2.08%) and MCB (-1.41%) coxed the index towards losses.

Engulfed within a range of 798 points, the index touched an intraday high of 41,554 points and an intraday low of 40,755 points. Around 142 million shares traded today for the scrips listed on the benchmark index with their total value recorded at Rs. 7.5 billion.

The broader KSE All share also lost around 298 points by the day end and closed in at 29,761 points.

An intraday high of 30,096 points and an intraday low of 29,669 points was recorded by the day end for the all share index with a range of 428 points.

Over 230 million shares of the scrips listed within the broader KSE All Share Index have been traded so far, with its value recorded at Rs. 9.6 billion.

Within the broader KSE All share index, share prices of 81 companies soared high whereas the prices of 222 companies nose-dived.

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