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Cement scrips lead declines on stock market
KARACHI: The stock market extended overnight losses on Thursday as the index fell by another 354.57 points to close at 41,266.39.
Cement scrips did most of the damage following the decline in cement sales for August. The cement sector lost 101.34 points as Lucky Cement was down 2.73pc, DG Khan Cement 4.83pc, Fauji Cement 2.62pc and Maple Leaf 3.27pc.
Oil and gas marketing sector also closed the session in red, losing 54.34 points, after Sui Northern Gas Pipeline declined 3.57pc, Pakistan State Oil 15.3pc and Attock Petroleum 2.49pc. Additional drag came from fertiliser and power generation which cumulatively contributed 88.34 points to the decline.