Opening bell: KSE-100 reverts to grey region during first trading session of the month

October 1, 2018 (MLN): The KSE-100 index has moved into a state of consolidation once again during the early hours of its first trading session of the month. As of now, the KSE-100 index has shed 74.29 points and is currently trading at 40,924 points.

Travelling within a range of 319 points as of now, the index has touched an intraday high of 41,029 and an intraday low of 40,709 points. 82 companies out of 100 have traded their shares amounting to 42 million on the index so far, with shares of 25 companies going up, 53 going down and 4 remaining unchanged. The value of these shares is estimated at Rs. 1.3 billion.

The major sectors contributing to the losses on index are Fertilizer, Cement and Oil & Gas Exploration as their collective share of losses amounts to 100 points.

Among the index heavy weights, HUBC (-1.51%), LUCK (-0.96%), KTML (-4.96%) and HMB (-2.69%) are driving the losses on the index so far.

On the other hand, the broader KSE – All Share, the index has gained 41 points and is currently trading at 29,985 points, with an intraday high of 30,022 points and intraday low of 29,804 points, moving within a range of 217 points.

Over 61 million Shares of the companies constituting the KSE All share have been traded so far, at a value of over PKR 1.8 billion.

Copyright Mettis Link News