February 26, 2020 (MLN): The Stock prices of Oil refining companies have plunged sharply by 14% since January 2020.
This sharp downcast in oil demand witnessed as buying from airlines declined.
Company-wise, the stock price of National Refinery Limited (NRL) dropped by 24% whereas, the stock price of Attock Refinery Limited (ARTL) fall by 22%.
Whereas, BYCO Petroleum Limited (BYCO) and Pakistan Refinery Limited (PRL) has witnessed 2% and 7% fall in its stock prices so far since January 2020.
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