PSX sheds 440 points owing to nonsensical rumors

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MG News | August 23, 2019 at 12:17 PM GMT+05:00

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August 23, 2019 (MLN): In a rather surprising turn of events, the KSE-100 index has lost 440 points in intraday, and has closed the first session of Friday at 31,444 points.

The market seems to be getting influenced by nonsensical and fallacious rumors regarding Pakistan being blacklisted by Financial Action Task Force (FATF).

Secondly, now that market has gained substantial momentum, the profiteers are taking up this opportunity to sell off their stocks for higher gains.

Having travelled within a range of 661 points, the index has so far touched an intraday low of 31,439 points.

Up until this point, the E&P and Power Generation sectors have endured the maximum losses.

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Name Price/Vol %Chg/NChg
KSE100 136,502.54
259.91M
1.64%
2202.77
ALLSHR 85,079.90
838.35M
1.26%
1061.74
KSE30 41,552.62
97.27M
1.81%
738.33
KMI30 193,330.76
84.69M
0.39%
741.60
KMIALLSHR 56,315.31
366.02M
0.43%
243.06
BKTi 38,498.08
37.91M
4.13%
1526.33
OGTi 28,138.38
5.66M
-0.36%
-101.89
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 121,330.00 123,615.00
118,675.00
2800.00
2.36%
BRENT CRUDE 70.18 71.53
69.97
-0.18
-0.26%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.25
0.26%
ROTTERDAM COAL MONTHLY 106.60 106.60
106.60
-2.10
-1.93%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.12 69.65
67.90
-0.33
-0.48%
SUGAR #11 WORLD 16.40 16.67
16.38
-0.17
-1.03%

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