Arif Habib Limited, in its report, stated that profit-booking at the bourse turned into panic selling, thanks to the banking sector. “The market opened 5-point plus and gained a total of 37 points after which selling pressure started building,” it said. Overall, the banking sector saw trading in 65 million shares, followed by Unity Foods (R) and cement stocks. The Bank of Punjab (XD) was the volume leader with 51.5 million shares, losing Re1 to close at Rs12.54. It was followed by Unity Foods (R) with 23.3 million shares, losing Rs0.59 to close at Rs0.95 and Maple Leaf Cement with 6.8 million shares, losing Rs0.56 to close at Rs30.99.

Source: The Express Tribune April 17, 2019 14:37 UTC