Finance

KSE-100 market index closed at an increase of 20pts

Karachi, December 3 . 2020: The KSE-100 index made an intraday high and low of +385 & -18 points respectively and closed at 42,048 level (up 20 points). On the economic front, rating agency.

Fitch has said that the Pakistan’s real GDP growth for fiscal year 2020-21 stands at a meager 0.8 percent and could see further downsides amidst the second wave of the Covid-19. Moreover, Pakistan has reported 3,499 daily Covid cases with positivity rate of 8.16 percent. A total of 420 million shares were traded in the day.

Top contributors to total volume were TRG (-1.7 percent), MLCF (1.0 percent), ASL (5.8 percent), HASCOL (-0.1 percent), PRL (0.1 percent) and UNITY (0.2 percent) making a total of ~175 million shares.

Activity was witnessed across the board where pressure mainly came from HBL (-0.4 percent), FFC (0.9 percent) and OGDC (-0.3 percent) whereas PPL (0.2 percent), POL (0.3 percent), LUCK (0.9 percent), MCB (0.9 percent) and UBL (0.7 percent) closed in the positive trajectory.

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