Surprisingly, the drop in international oil prices sparked confusion among stock market participants as they were unsure whether to offload or cherry-pick oil shares. Traded value stood relatively low at $28 million, down 36% and volumes came in at 119 million shares, down 36%. The value of shares traded during the day was Rs4.8 billion. Maple Leaf Cement was the volume leader with 14.8 million shares, gaining Rs0.34 to close at Rs23.42. It was followed by Unity Foods with 10.9 million shares, gaining Rs0.46 to close at Rs10.75 and Hascol Petroleum with 7.2 million shares, losing Rs0.22 to close at Rs14.24.

Source: The Express Tribune April 16, 2020 14:26 UTC