Profit booking was witnessed almost across the board, particularly technology, cement, textile and oil & gas marketing sectors,” a report issued by Arif Habib Ltd read. Among other indices, the KMI-30 Index dropped 113.36 points to close at 76,278.37, while the KSE All Share Index declined 211.72 points, ending at 31,436.15. The overall market volumes improved from 468.94 million shares in the previous session to 479.75 million shares (+2pc). Sectors that dragged the benchmark index lower included oil & gas exploration (-56.30 points), technology & communication (-33.02 points) and chemical (-30.83 points). Among the companies, Oil and Gas Development Company Ltd (OGDC -53.72 points), TRG Pakistan Ltd (TRG -44.82 points) and Colgate-Palmolive (Pakistan) Ltd (COLG -29.86 points) dented the index the most.

Source: Pakistan Today February 26, 2021 13:52 UTC