KSE 100 index dips by 191 point

Amanullah Khan


KSE 100 Index once again fell in the grip of bears with a loss of 191 points to close in red 41291 levels here Tuesday .
Persistent political chaos in Islamabad diverted attention of the investors affecting the market volume which was at 143 million all shares.
TRG was the volume leader of the day with a trade of 19 million shares to its credit, the other two volume leaders were including Aisha Steel and Dost Steel with trade volumes of 15.64 million and 7.89 million shares to their credit respectively.
Meanwhile the tightening of supplies propelled the oil prices which rose as a result of of supply concerns in the Middle East and as the US market showed further signs of short supply while demand in Asia keeps rising. Oil prices are holding comfortably above $50 as possible supply disruptions in the Kurdish region of Iraq support prices,” said market analysts.
US production was also recently impacted by a hurricane for the second time in as many months and the number of US drilling rigs declined for the third week in a row

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