Following the rising cases of Corona and partial lock down in different cities, coinciding with the roll-over week, the KSE100 index took heavy bantering that resulted in Index losing 873pts during the session and closing -478pts (unadjusted). O&GMCs, Banks, Cement sector stocks played major role in this drop. E&P sector stocks saw trades executed below respective LDCPs, with the exception of POL, which recovered on the back of increase in international crude prices. SBP also announced Monetary Policy keeping the rate unchanged at 7%, which was in line with street consensus.

· The Index closed at 39,633pts as against 40,187pts showing a decline of 555pts (-1.4% DoD). Sectors contributing to the performance include Banks (-121pts), Cement (-65pts), O&GMCs (-64pts), Technology (-42pts) and Fertilizer (-41pts).

· Volumes increased to 195.5mn shares against 189.6mn shares the other day (+3% DoD). Average traded value however declined by 1.4% to reach US$ 46.4mn as against US$ 47.05mn.

· Stocks that contributed significantly to the volumes include UNITY, HASCOL, TRG, WTL and PRL, which formed 32% of total volumes.

· Stocks that contributed positively to the index include COLG (+6pts), POL (+5pts), ABOT (+3pts), NESTLE (+3pts) and HMB (+3pts). Stocks that contributed negatively include HBL (-30pts), PSO (-26pts), TRG (-26pts), MEBL (-17pts) and MCB (-17pts).