Bears consecutively dominates the KSE – 100 Index

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Bears dominate consecutively and KSE – 100 Index shed 385.92 points during the day. The market started to bleed throughout the day and closed on a negative note.

The outcome of the ECC’s meeting was not effective enough and no conclusive results were deduced and they appeared to consider making the relevant companies return PKR 10B. Fertilizer stocks like EFERT, FFC and FATIMA contributed to index’s loss because of the ECC’s news.

The top volume leaders for today are :

  • NRSL
  • EPCL
  • LOTCHEM
  • NBP
  • DOL
  • PREMA
  • FCCL
  • AGL
  • EFERT

Recommendation and outlook: It is expected that market will remain negative in the upcoming session.

Events ahead:
INDU’s Analyst Briefing (Aug 31, 2018)
CPI (Sep 03, 2018)
BAFL Analyst Briefing (Sep 03, 2018)
Cement Dispatches (Sep 03, 2018)

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