Meanwhile, Pakistan’s foreign exchange reserves inched up 0.06pc or $12 million to $18,747 million (as on February 14, 2020). Net reserves with the State Bank of Pakistan increased by 0.59pc, whereas net reserves with commercial banks fell by 0.99pc. Among other indices, the KMI-30 Index lost 553.24 points to end at 63,541.78, while the KSE All Share Index dropped 122.87 points, closing at 27,895.15. Sectors that contributed negativity to the KSE-100 Index included fertilizer (-91.75 points), banking (-64.30 points) and oil & gas exploration (-48.54 points). Among the companies, Engro Corporation Limited (ENGRO -65.50 points), MCB Bank Limited (MCB -44.45 points) and Dawood Hercules Corporation Limited (DAWH -33.66 points) dented the index the most.

Source: Pakistan Today February 21, 2020 14:20 UTC