KARACHI: Pakistan Stock Exchange (PSX) moved in a narrow range on Monday, with the benchmark index failing to sustain gains amid weak investor sentiment. Global equity markets, on the other hand, displayed a positive trend, whereas crude oil prices also moved north from the previous close; WTI crude price rising 2.22pc to $41.02 while Brent crude price increasing 1.96pc to $43.62. The overall market volumes declined from 243 million shares in the previous session to 181.4 million shares (-25pc). K-Electric Ltd (KEL +5.04pc), Maple Leaf Cement Factory Ltd (MLCF +0.10pc) and Sui Northern Gas Pipeline Ltd (SNGP +0.11pc) led the volume chart, exchanging 24.91 million, 14.49 million and 14.17 million shares, respectively. Sectors that dragged the benchmark index lower included oil & gas exploration (-45.96 points), textile composite (-28.79 points) and cement (-18.68 points).

Source: Pakistan Today November 16, 2020 13:18 UTC