Negative sentiments prevail as KSE – 100 loses over 170 points

November 8, 2018 (MLN): As investors await news on the IMF bailout front, the KSE – 100 index lost over 170 points by session end, locking today’s closing value at 41,367 points (-0.43%).

Cement, Oil & Gas Exploration Companies and Commercial banks emerged as the top losing sectors as they jointly took away over 140 points from the index.

Among the index heavy weights, losses on the scrips of UBL (-2.88%), HBL (-1.26%), PPL (-1.3%) and PSO (-2.66%) drove the index into the red region.

Curbed within the range of 366 points, the index touched an intraday high of 41,650 points and an intraday low of 41,284 points. Around 133 million shares were traded today, of the scrips listed on the benchmark index with their total value recorded at Rs.6 billion.

In a similar manner, the broader KSE All share index landed in the red as well, losing around 114 points and closing in at 29,908 points.

An intraday high of 30,084 points and an intraday low of 29,877 points was recorded by the day end for the all share index with a range of 207 points.

Over 224.5 million shares of the scrips listed within the broader KSE All Share Index have been traded today, with its value recorded at Rs.8.1 billion.

Within the broader KSE All share index, share prices of 109 companies soared high whereas the prices of 186 companies nose-dived.

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Posted on: 2018-11-08T17:47:00+05:00