“The market dropped due to lower regional markets, lower commodity prices and unforeseen circumstances and threats to Pakistan’s economy from corona virus,” said AHL Head of Research Samiullah Tariq. Traded value stood at $51 million, down 42% and volumes came in at 215 million shares, down 26%. Overall, trading volumes decreased to 215.4 million shares compared with Friday’s tally of 290.5 million. The Bank of Punjab was the volume leader with 44.4 million shares, losing Re1 to close at Rs9.10. It was followed by Maple Leaf Cement with 13.5 million shares, losing Rs2.06 to close at Rs25.52 and Unity Foods with 9.3 million shares, losing Re1 to close at Rs11.34.

Source: The Express Tribune March 16, 2020 05:40 UTC