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Intraday Report: The KSE-100 Index tumbles by 1033 pts over coronavirus

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February 27, 2020 (MLN): Stocks have lost 1033 points in the intraday session today and is currently trading at 37,299-level [9:48 a.m.] as two cases of coronavirus have been reported yesterday which have risen fear among investors over the outbreak.  

Moreover, the upsurge of coronavirus continued triggering a fall in global stocks.

Commercial Banks & Oil & Gas Exploration have witnessed higher selling activity as they have cumulatively lost 449 points

Company-wise, the scrips of OGDC, PPL, HUBC, BAHL and HBL have endured the maximum losses.

It may be noted here that the KSE-100 has shed around 3,644 points or 9% during the last 6 trading sessions. This behavior was last observed in August 2019, wherein the market dropped by 9.2% or 2,902 points.

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Posted on: 2020-02-27T10:00:00+05:00