Stocks post modest gains in range-bound session - News Summed Up

Stocks post modest gains in range-bound session


Global equity markets displayed mixed sentiments, whereas crude oil prices slipped lower from the previous close; WTI crude price declining 0.37pc to $40.05 while Brent crude price falling 0.26pc to $42.34. Among other indices, the KMI-30 Index accumulated 153.48 points to close at 63,928.64, while the KSE All Share Index gathered 101.77 points, settling at 28,473.89. The overall market volumes contracted further from 290.07 million shares in the previous session to 232.79 million shares (-20pc). Hascol Petroleum Ltd (HASCOL +1.87pc), Unity Foods Ltd (UNTIY +2.04pc) and TRG Pakistan Ltd (TRG +2.56pc) led the volume chart, exchanging 24.03 million, 21.50 million and 19.61 million shares, respectively. Sectors that kept benchmark index afloat included fertilizer (+20.70 points), textile composite (+18.92 points) and cement (+17.24 points).


Source: Pakistan Today October 14, 2020 13:07 UTC



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