Iftar Timings Mar 28 - Ramazan 17

Lahore
LHR
06:20 PM
Karachi
KHI
06:46 PM
Islamabad
ISB
06:26 PM
Peshawar
PWR
06:30 PM
Quetta
QTA
06:49 PM

News

Pakistan Stock Exchange sheds 203.36 points

May 18, 2020 04:50 PM


The Pakistan Stock Exchange started the new business week with losses as the KSE-100 Index was down by 203.36 points and closed at 33,804.97 on Monday.

At one point, the index had jumped to 34,393.12 after resuming the trading from the previous level of 34,008.33, but this early flash proved unsustainable as the market move downward since then.

A total of 144,648,201 shares were traded at the market with the share prices of 158 companies shedding their value. However, the share prices of 143 made some gains while 18 remained unchanged.

The share price of Sanofi-Aventis went up by Rs66.14 in continuation of the trend being witnessed in recent days. Sanofi – a French pharmaceutical giant – is involved in developing a vaccine for COVID-19 like some other companies.

The company triggered a controversy last week over the vaccine issue after which it was reported that French President Emmanuel Macron will meet its chief executive on May 19.

The French government was angered by Paul Hudson who had stated that some countries, like the US, would get priority access to a coronavirus vaccine.

Hudson, however, later tempered his original comments earlier by saying it was vital that any coronavirus vaccine reach all parts of the world.

Meanwhile, Wyeth Pakistan too saw its share price going up by Rs66.23 during a session which was again fruitful as whole for the pharma sector.

On the other hand, the automobile sector witnessed gains with only Millat Tractors out of the 11 companies shedding the value of its shares.

However, it was a bad day for cement, chemical, engineering, oil and gas marketing companies, fertilizer and commercial banking sectors.

https://www.youtube.com/watch?v=pOavNaBX4NU


Most Read

  1. Aitchison College principal resigns over differences with Punjab governor Aitchison College principal resigns over differences with Punjab governor
  2. Aitchison College students, parents stage protest against principal’s resignation Aitchison College students, parents stage protest against principal’s resignation
  3. Tribal firefight in Gotki, Motorways section shut down Tribal firefight in Gotki, Motorways section shut down
  4. Five Chinese among six killed in Shangla suicide bombing Five Chinese among six killed in Shangla suicide bombing
  5. Transferred: Lawman bears the brunt of flagging down lawmaker Transferred: Lawman bears the brunt of flagging down lawmaker
  6. Maaz Safder regrets 4-year relationship with wife Saba Maaz Safder regrets 4-year relationship with wife Saba

Opinion

  1. IMEC to sabotage CPEC
    IMEC to sabotage CPEC

    By Dr Asif Channer

  2. 1947 TO FORM 47
    1947 TO FORM 47

    By Dr Asif Channer

  3. Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....
    Beijing wants to further highlight industrial sector in its country and take scientific innovation to new heights....

    By Ali Ramay

  4. Global race: China will reduce its unnecessary expenses
    Global race: China will reduce its unnecessary expenses

    By Ali Ramay

  5. Channer Pir: The Great Saint of Cholistan
    Channer Pir: The Great Saint of Cholistan

    By Dr Asif Channer

  6. Literate the Religious Illiterate
    Literate the Religious Illiterate

    By Dr Asif Channer