Calendar year 2020 has been a topsy-turvy ride of global economy, financial markets due to global pandemic and Pakistan has been no exception. Overall, the KSE-100 Index has remained flat (+0.18%) on CYTD basis while index heavyweight sectors have largely underperformed broad market due to lower oil prices and interest rates which limit earnings of two-key heavyweight sectors, E&Ps (-1,161 points) and Banks (-987 points) while Cements (+1,566 points), Technology (+800 points) and Pharmaceuticals (+311) contributed positively to the index as the government introduced construction package and investors focused towards technology and healthcare during pandemic. Index heavyweight sectors have also…
