Oil & Gas companies steer KSE-100 into losses

November 14, 2018 (MLN): The KSE 100 index lost approximately 158 points by the day end and closed in at 40,994 points. Oil & Gas Exploration sector emerged as the major net loser as it alone took away 227 points from the index.

Among the index heavy weights, losses on the scrips of POL (-5%), PPL (-3.54%), OGDC (-3.04%) and UBL (-4.24%) coxed the index towards losses.

Engulfed within a range of 559 points, the index touched an intraday high of 41,322 points and an intraday low of 40,763 points. Around 146 million shares traded today for the scrips listed on the benchmark index with their total value recorded at Rs. 10.8 billion.

The broader KSE All share also lost around 148 points by the day end and closed in at 29,703 points.

An intraday high of 29,900 points and an intraday low of 29,645 points was recorded by the day end for the all share index with a range of 428 points.

Over 254 million shares of the scrips listed within the broader KSE All Share Index have been traded so far, with its value recorded at Rs. 13.2 billion.

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