KSE-100 suffers amidst absence of positive triggers from IMF

November 12, 2018 (MLN): The KSE 100 index fell considerably throughout today’s trading activity, primarily due to the lack of positive triggers pertaining to a bailout package by IMF. The index lost approximately 293 points by the day end and closed in at 41,096 points.

Cement, Fertilizers and Oil & Gas Exploration Companies emerged as the top net losers as they jointly swiped 112 points from the index.

Among the index heavy weights, losses on the scrips of LUCK (-3.2%), UBL (-1.48%), EFERT (-1.56%) and BAHL (-1.02%) coxed the index towards losses.

Bounded within a range of 519 points, the index touched an intraday high of 41,572 points and an intraday low of 41,052 points. Around 96 million shares traded today for the scrips listed on the benchmark index with their total value recorded at Rs4.7 billion.

The broader KSE All share also lost around 119 points by the day end and closed in at 29,816 points. An intraday high of 30,051 points and an intraday low of 29,795 points was recorded by the day end for the all share index with a range of 255 points.

Over 177 million shares of the scrips listed within the broader KSE All Share Index have been traded so far, with its value recorded at Rs6.7 billion.

Copyright Mettis Link News

Posted on: 2018-11-12T17:20:00+05:00

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