Market Wrap 26-June-2019

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Market Wrap 26-June-2019

The benchmark KSE-100 index opened on a negative note and remained bearish throughout the trading session closing in red with a traded volume of 115mn shares.

The index closed with a loss of 104 points. During the intraday, index touched a low of 459 points. Index Heavy stocks HBL(-2.6%), UBL(-1.65%) and PSO (-2.4%) cumulatively led to 100 points decline in the Index.

The volumes witnessed during the last trading session were comparatively higher than the previous trading session.

Source: Bloomberg

Investors remained on the sidelines likely due to review of Pakistan performance by FATF, Pressure on Rupee and expected Economic contraction

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