Market remains negative as index loses 686 points due to a lack of triggers

December 28, 2018 (MLN): Market continued to slide in today’s trading session as benchmark KSE-100 index lost 686 points (-1.81%), closing at 37,167 points. The index continued to be dominated by negative sentiments due to lack of triggers and weak macro indicators.

Oil & Gas Exploration Companies, Fertilizer Sector, Commercial Banks and Cement and sectors remained under pressure as they shed 474 points collectively, whereas the scrips of ENGRO (-3.95%), OGDC (-4.00%), UBL (-3.39%) and PPL (-2.16%) endured the maximum losses.

Throughout the day, the index moved between an intraday high of 37891 points and an intraday low of 36918 points, recording a range of 972 points. Around 133 million shares traded today for the scrips listed on the benchmark index with their total value recorded at Rs 7.26 billion.

The KSE All Share index exhibited a similar position and lost around 357 points by the day end and closed in at 28,001 points.

Over 174 million shares of the scrips listed within the broader KSE All Share Index were traded today, with their value recorded at Rs 8.25 billion. While the share price of 89 companies went up and 199 companies went down, the prices of 14 companies however remained unchanged.

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