Stock markets remain in a state of hubbub as index reverts to red region

December 11, 2018 (MLN): The KSE 100 index lost nearly 447 points by the end of today’s trading session, and concluded at 38,851 points owing to continuous downfall in foreign exchange reserves.

The sectors that scraped away most of the points from the index included Commercial Banks, and Oil & Gas Exploration companies.

Among the index heavy weights, the scrips of HBL (-2.19%), HUBC (-2.21%), PPL (-1.42%) and ENGRO (-1.38%) faced most of the losses as market went down by 1.14%.

However, the scrips of FFC (+0.89%), LUCK (+0.36%), THALL (+1.04%) and ASTL (+2.73%) topped the net gainers chart, following the verdict by Supreme Court to lift the ban on high-rise buildings.

Throughout the day, the index moved between an intraday high of 39,338 points and an intraday low of 38,801 points, recording a range of 537 points, Around 84 million shares traded today for the scrips listed on the benchmark index with their total value recorded at Rs 4.7 billion.

Likewise, the KSE All share lost around 241 points by the day end and closed in at 28,551 points.

An intraday high of 28,822 points and an intraday low of 28,509 points was recorded by the day end for the all share index with a range of 313 points.

Over 124 million shares of the scrips listed within the broader KSE All Share Index were traded today, with their value recorded at Rs 5.8 billion.

Copyright Mettis Link News

Posted on: 2018-12-11T17:07:00+05:00