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Midday Report: Its raining bears!

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July 29, 2019 (MLN): The KSE 100 index has lost another 237 points during the intraday session on Monday, and is trading at 31,873 points as of now. The last time benchmark index went this low was back in March 3, 2016.

E&P, Cement, Commercial Banks, Power Generation, E&P and Fertilizer sector seem to be the major driving forces behind this deterioration, as they have collectively taken away around 153 points from the index.

Up till now, the index has traded within a range of 260 points, and touched an intraday low of 31,861 points.

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Posted on: 2019-07-29T11:53:00+05:00