November 21, 2019 (MLN): The KSE-100 index has lost nearly 420 points in the intraday session, and is trading at 37,617 points as of now.
The increase in yields of PIBs in the auction held yesterday seems to have repelled the local investors away. Moreover, the uncertainty hovering around the Monetary Policy announcement scheduled for tomorrow has kept investors at bay.
So far, E&P companies and Commercial Banks have endured the maximum losses as they have collectively snatched 176 points from the index. Company wise, the scrips of HBL, PSO, ENGRO, HUBC and FFC have suffered the maximum brunt.