KSE-100 fails to extend overnight rally, sheds 198 points

 Global equity markets, on the other hand, mostly showed a positive trend, whereas crude oil prices continued to move north from the previous close; WTI crude price appreciating 2.26pc to $38.51 while Brent crude price rising 2.29pc to $40.62.

According to a report issued by Arif Habib Ltd, “The stock market opened on a positive note, gaining over 400 points during the initial trading hours, in addition to yesterday’s 1,368 points. But late selling pressure in key stocks, particularly banking, cement and oil & gas marketing sectors, dragged to the index towards the red.”

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