Investors reacted with panic to the surging coronavirus cases, opting to offload shares on fears of imposition of another lockdown in Pakistan. The KSE-100 index plummeted from the moment trading began and dived over 1,000 points to fall below the 39,000-mark. The dip in global equity and oil markets also hampered progress at the Pakistan stock market. Hascol Petroleum was the volume leader with 32.4 million shares, losing Rs1.07 to close at Rs13.82. It was followed by Unity Foods with 31.2 million shares, gaining Rs0.37 to close at Rs23.27 and Pakistan International Bulk Terminal with 20.2 million shares, losing Rs0.23 to close at Rs12.25.

Source: The Express Tribune November 02, 2020 12:11 UTC