Stocks tumble 337 points as rollover week begins - News Summed Up

Stocks tumble 337 points as rollover week begins


Among other indices, the KMI-30 Index plunged 722.68 points to end at 75,900.32, while the KSE All Share Index fell 203.61 points, closing at 31,647.57. The overall market volumes appreciated from 694.80 million shares on Friday to 721.21 million shares (+4pc). Hum Network Ltd (HUMNL +6.83pc), Byco Petroleum Pakistan Ltd (BYCO +6.50pc) and TRG Pakistan Ltd (TRG +7.13pc) led the volume chart, exchanging 114.32 million, 109.08 million and 46.40 million shares, respectively. Sectors that drove the benchmark index south included banking (-211.40 points), oil & gas exploration (-80.22 points) and cement (-43.22 pts). Among the companies, Habib Bank Ltd (HBL -72.78 points), United Bank Ltd (UBL -58.64 points) and Oil and Gas Development Company Ltd (OGDC -33.85 points) dented the index the most.


Source: Pakistan Today February 22, 2021 13:37 UTC



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