According to media reports, domestic cement sales witnessed an increase of 31.69pc YoY while exports surged by 47pc. Among other indices, the KMI-30 Index lost 1,001.36 points to end at 60,923.33, while the KSE All Share Index depleted 135.10 points, closing at 26,919.79. Sectors that drove the KSE-100 Index south included oil & gas exploration (-107.42 points), power generation & distribution (-53.18 points) and fertiliser (-44.72 points). Among the companies, Engro Corporation Limited (ENGRO -46.16 points), Hub Power Company Limited (HUBC -45.11 points) and Oil & Gas Development Company Limited (OGDC -43.04 points) dented the index the most. Despite the overall negative trend in the market, the cement sector gained 1.74pc in its cumulative market capitalization, with Lucky Cement Limited (LUCK +0.39pc), Bestway Cement Limited (BWCL +2.96pc) and Fauji Cement Company Limited (FCCL +2.38pc) closing in the green.

Source: Pakistan Today March 04, 2020 12:22 UTC