Stocks snap three-day rally to lose 223 points - News Summed Up

Stocks snap three-day rally to lose 223 points


Among other indices, the KMI-30 Index plunged 629.57 points to end at 65,731.71, while the KSE All Share Index dropped 76.69 points, settling at 28,719.60. The overall market volumes increased from 389.17 million shares in the previous session to 397.25 million shares (+2pc). Unity Foods Ltd (UNITY +2.50pc), TRG Pakistan Ltd (TRG +6.56pc) and K-Electric Ltd (KEL +0.27pc) led the volume chart, exchanging 53.46 million, 45.96 million and 23.11 million shares, respectively. Sectors that dragged the benchmark index lower included oil & gas exploration (-78.69 points), cement (-50.28 points) and fertilizer (-36.32 points). Among the companies, Pak Petroleum Ltd (PPL -31.53 points), Lucky Cement Ltd (LUCK -27.08 points) and Oil and Gas Development Company Ltd (OGDC -23.15 points) dented the index the most.


Source: Pakistan Today November 27, 2020 13:18 UTC



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