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KSE-100 under attack!

August 7, 2019 (MLN): The KSE-100 index has lost approximately 543 points in early trade so far, and is trading at 30,457.

Negative sentimentalities prevalent around the cross border tensions seems to be taking a huge toll on the well-being of equity markets.

So far, E&P companies, Commercial Banks and Fertilizer sectors have been on the hit list as they have cumulatively lost nearly 400 points.

Since the start of the current fiscal year, the KSE-100 index has lost over 3,500 or 10% points. The cumulative loss comprises of 1,963 points lost in the 24 sessions of July, and 1,590 points in the 4 sessions of August including this one. This signifies that the index has already lost 80% of the total points lost in 28 session of July, in just 4 sessions of August.

Copyright Mettis Link News

Posted on: 2019-08-07T11:08:00+05:00

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