PKR weakens, KSE100 index down as Chinese assistance fails to materialise

November 5, 2018 (MLN): The KSE 100 index performance has taken a turn for the worse as Pakistani Rupee (PKR) lost the gains it had made in the second session on Friday, following the failure of Chinese financial assistance to materialize.

The Rupee value has weakened by around 70 paisa at the interbank market, during early hours of trade, marking a depreciation of 0.5%.

The index has started on a significantly negative note by losing around 748 points during the initial hours of the day, and is currently trading at 41,246 points

Commercial banks, Cement, Fertilizer and Oil & Gas Exploration Companies emerged as the top net losers as they have swiped around 553 points from the index so far.

Among the index heavy weights, HBL (-2.81%), LUCK (-4.43%), ENGRO (-2.73%) and PSO (-3.94%) have steered the index towards the red region hitherto.

Within a range of 869 points, an intraday high of 42,004 points has been recorded whereas the intraday low remains at 41,134 points. About 51 million shares traded today for the scrips listed on the benchmark index.

Likewise, the broader KSE All Share lost 496 points and is currently trading at 29,965 points. An intraday high of 30,463 points intraday low of 29,953 points has been recorded so far.

Over 71 million shares of the scrips listed within the broader KSE All Share Index have been traded so far, with its value recorded at Rs. 3 billion.

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