According to a report issued by Arif Habib Ltd, “The stock market opened on a positive note, gaining over 400 points during the initial trading hours, in addition to yesterday’s 1,368 points. Among other indices, the KMI-30 Index lost 319.81 points to end at 64,336.08, while the KSE All Share Index dropped 64.93 points, closing at 28,366.00. The overall market volumes increased from 383.93 million shares in the previous session to 427.26 million shares (+11pc). Sectors that dragged the benchmark index lower included banking (-84.43 points), cement (-42.76 points) and power generation & distribution (-41.09 points). Among the companies, Hub Power Company Ltd (HUBC -36.43 points), Habib Bank Ltd (HBL -32.73 points) and United Bank Ltd (UBL -26.57 points) dented the index the most.

Source: Pakistan Today November 04, 2020 13:30 UTC