Luckily, the negative trend did not last as the KSE-100 managed to post decent gains in the remaining four sessions. The KSE-100 index witnessed a dramatic surge on the last trading day of the week as investors were euphoric over the significant cut in the interest rate. On the other hand, the G20 countries announced debt relief for underdeveloped countries including Pakistan which lent further support to the rally. Sector-wise positive contributions came from fertiliser (405 points), cements (170 points), pharmaceuticals (127 points), textile composite (59 points) and automobile assemblers (51 points). Foreign selling continued this week clocking-in at $14.24 million compared to a net sell of $16.2 million last week.

Source: The Express Tribune April 19, 2020 03:00 UTC