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Lack of positive triggers keep stock market in consolidation

January 18, 2019 (MLN): KSE-100 Index remained in consolidation by the end of today’s session by gaining over 62 points and closing at 39306 points, marking a growth of 0.16% from previous session’s closing, and indicating lack of positive triggers.

Major sectors comprising of Fertilizer, Power Generation & Distribution and Chemical benefitted the most as their combined contribution to the index amounted to 83 points. The scrips of FFC (+1.2%), KEL (+5.05%), EPCL (+3.04%) and FFBL (+3.9%) earned the maximum gains.

Bounded within the range of 299 points, the index touched an intraday high of 39390 points and an intraday low of 39091 points.

Nearly 121 million shares were traded today for the scrips listed on the benchmark index with their total value recorded at Rs4 billion.

Congruently, the broader KSE All Share index gained around 52 points by the day end and closed at 28917 points.

An intraday high of 29001 points and an intraday low of 28791 points was recorded by the day end for the all share index with a range of 210 points.

Over 155 million shares of the scrips listed within the broader KSE All Share Index have been traded so far, with its value recorded at Rs.5.1 billion.

Total 301 companies’ transacted shares in the Stock Market today, out of which 174 recorded gains and 106 sustained losses whereas the share price of 21 companies remained unchanged.

Copyright Mettis link News

Posted on: 2019-01-18T17:53:00+05:00

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