“Pfizer’s announcement of Covid vaccine turned global markets hopeful of resumption of pre-Covid business activities. The overall market volumes appreciated from 276.79 million shares in the previous session to 355.98 million shares (+29pc). TRG Pakistan Ltd (TRG -5.36pc), Pakistan Refinery Ltd (PRL +1.83pc) and Al-Shaheer Corporation Ltd (ASC +6.30pc) led the volume chart, exchanging 30.91 million, 23.53 million and 21.65 million shares, respectively. Sectors that kept the benchmark index in green included oil & gas exploration (+176.60 points), banking (+136.40 points) and textile composite (+34.39 points). Among the companies, United Bank Ltd (UBL +66.09 points), Pak Petroleum Ltd (PPL +61.51 points) and Oil and Gas Development Company Ltd (OGDC +55.46 points) remained the top contributors.

Source: Pakistan Today November 10, 2020 13:56 UTC