However, upbeat data of cement sales lent support to stocks of the cement sector. According to statistics released by the All Pakistan Cement Manufacturers Association (Apcma), cement sales grew 33.9% year-on-year to 4.49 million tons in February. By the close of trading, the index recovered somewhat but ended down by 293 points. Moreover, a rally continued in the cement sector where Kohat Cement (+6.8%), Pioneer Cement (+5.3%), Cherat Cement (+2.9%), Fauji Cement (+2.4%), Maple Leaf Cement (+0.8%) and DG Khan Cement (+0.9%) were major movers of the day. It was followed by Hascol Petroleum with 19.2 million shares, losing Rs0.21 to close at Rs20.52 and The Bank of Punjab with 15.9 million shares, losing Rs0.12 to close at Rs11.48.

Source: The Express Tribune March 04, 2020 14:37 UTC