Yesterday's blues cast a lasting shadow on capital markets

March 6, 2019 (MLN): The capital markets have extended their fall from yesterday amid lack of positive triggers as gloom overwhelms the trading floors and market participants wrap up today’s session 120 points lower within KSE – 100 index, at 39,568 points.

The key driver of the index today were Commercial Banks while Oil & Gas Exploration Companies and Oil & Gas Marketing Companies also paved the way to south. Meanwhile, Cement sector performed the best today having 10 million of its shares sold in the day’s trade.

Sadly, this remained insufficient to balance out the traders’ selling stance within the former sectors mentioned.

In particular, the top point losers which led the index in red were OGDC (-1.33%), HBL (-0.95%) and MCB (-0.98%).

A total of 61.6 million shares were traded in today’s session at Rs.3.4 billion. Unfortunately, both the volume and value of trade remained well below yesterday’s figures of 128 million shares at Rs.4.7 billion

On the other hand, the broader KSE All Share Index shed 129 points in todays traded, concluding the session at 28,839 points.

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