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Midday Report: Ambiguity regarding policy rate pulls index down by 216 pts

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September 13, 2019 (MLN):  The KSE-100 Index crumbled in the intraday session after yesterday’s upward movement, as it has lost 216 points so far and closed the first session of the day  at 31,330 points level [12:00 PST]. The depressing performance is mainly due to ambiguity prevailing regarding policy rate.

Commercial Banks, Fertilizer, Automobile Assembler and Oil & Gas Exploration Companies have lost the maximum points thus far. In commercial bank sector; HBL, MCB and BAHL are the main points losers yet.

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Posted on: 2019-09-13T12:40:00+05:00

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