KSE-100 slides back to deleterious zone as investors lose confidence

October 11, 2018 (MLN): The KSE-100 index reverted to the red region as bearish momentum jeopardized the sentiments of the investors once again. Having lost 393 points, the market closed in at 38,298 points during the day end.

The panic was created by investor selling dollars to earn a return, following the decline in rupee value by 7.84%.

The major sectors driving the negative notion on the index included Commercial Banks, Oil & Gas Exploration and Marketing, and Fertilizer sectors as their collective losses amounted to 206 points.

Curbed within a range of 535 points, the index touched an intraday high of 38,792 and an intraday low of 38,256 points. A total of 84.6 million shares were traded on the index having a worth of around Rs. 4.2 billion.

In a similar manner, KSE ALL share index shed 166 points. It travelled to an intraday high of 28,384 and an intraday low of 28,148 points within a range of 236 points.

A total of 134 million shares were traded having a worth of Rs. 5.3 billion

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Posted on: 2018-10-11T17:38:00+05:00