Stocks nosedive 960 points after Shehbaz’s arrest - News Summed Up

Stocks nosedive 960 points after Shehbaz’s arrest


KARACHI: The Pakistan Stock Exchange (PSX) witnessed bloodshed on Monday, with the KSE-100 Index plunging over 1,000 points intraday amid political unrest. Among other indices, the KMI-30 Index declined 1,401.42 points or 2.11pc to end at 65,157.19, while the KSE All Share Index dropped 622.48 points, settling at 29,013.63. The overall market volumes declined from 435 million shares in the previous session to 407.2 million shares (-6pc). Sectors that painted the benchmark index red included banking (-227.28 points), cement (-137.14 points) and fertilizer (-75.01 points). Among the companies, Habib Bank Ltd (HBL -78.81 points), Mari Petroleum Company Ltd (MARI -46.52 points) and Bank AL Habib Ltd (BAHL -43.54 points) dented the index the most.


Source: Pakistan Today September 28, 2020 12:56 UTC



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