Global equity markets showed a mixed performance, whereas crude oil prices headed south from the previous close; WTI crude price declining 0.06pc to $66.06 while Brent crude oil price falling 0.07pc to $69.31 (as at 4:00pm PST). “Political uncertainty emanating from the possible change in Punjab’s political setup perturbed investors today. The overall market volumes appreciated from 317.23 million shares on Friday to 459.80 million shares (+45pc). Sectors that painted the benchmark index red included cement (-204.47 points), banking (-103.46 points) and power generation & distribution (-66.59 points). Among the companies, Lucky Cement Ltd (LUCK -84.48 points), Hub Power Company Ltd (HUBC -48.22 points) and Habib Bank Ltd (HBL -38.89 points) dented the index the most.

Source: Pakistan Today March 08, 2021 14:03 UTC