Stocks plummet 775 points as Covid cases, lockdown fears rise - News Summed Up

Stocks plummet 775 points as Covid cases, lockdown fears rise


Among other indices, the KMI-30 Index plunged 1,375.53 points to close at 62,121.16, while the KSE All Share Index dropped 619.35 points, ending at 27,566.21. The overall market declined from 541.8 million shares in the previous session to 322.3 million shares (-41pc). Sectors that dragged the benchmark index lower included banking (-186.47 points), oil & gas exploration (-143.52 points) and oil & gas marketing sector (-70.89 points). Among the companies, Habib Bank Ltd (HBL -68.79 points), Oil and Gas Development Company Ltd (OGDC -66.79 points) and Pak Petroleum Ltd (PPL -60.37 points) dented the index the most. Losing 6.34pc from its total market capitalization, the refinery sector ended as the session’s top loser, with Attock Refinery Ltd (ATRL -4.80pc), Pakistan Refinery Ltd (PRL -5.83pc), National Refinery Limited (NRL -5.38pc) and Byco Petroleum Pakistan Limited (BYCO -7.20pc) posting significant losses.


Source: Pakistan Today November 02, 2020 13:18 UTC



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