The market couldn’t build on yesterday’s momentum as the KSE-100 index fell by 339 points to finish the day and week on 40,731 points. During the day, index saw a high of 41,147 and a low of 40,679.
The spillover impact of the uptick in global and regional equities after Joe Biden took lead over incumbent President Donald Trump in the election was not to be seen today.
The global equity rally stalled on Friday, with U.S. futures unwinding some of this week’s surge as the presidential election count continued. The dollar extended its decline to a two-and-a-half-year low. Crude oil declined and gold edged higher. Emerging market stocks were on track for the fifth day of gains.
Unity- +0.64 ; Power- +0.46 ; TRG- +3.76 ; HASCOL- -0.01 ; PRL- 0.40
