Average KSE All shares volume traded 211Million shares Pre COVID 19 Cements

Average kse all shares volume traded 211million

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• Average KSE - All shares volume traded: 211Million shares • Pre COVID-19: Cements outperformed as trading below replacement-cost due to beaten-down valuations Whereas the April’s performance of KSE-100 index rose a healthy 17% due to: • The welcome and surprise interest rate cut of 200 bps • Quickly followed by industry/business relief • A stimulus package for construction and real estate sectors • And a smart lock-down that proved successful with better-than-expected containment of the virus in most provinces Meanwhile, it is expected the overall LSMI to worsen, expected to post significant decline in manufacturing output of the country due to the COVID-19 led lockdowns and production halts. Our initial estimates suggest that large- scale manufacturing for the month of Mar’20 may record a decline. As construction activity has come to a complete standstill owing to the COVID-19 imposed lockdown across the country. Nevertheless, emphasizing the pivotal role of construction in the economy, Prime Minister Imran Khan has announced a landmark relief package for the construction industry on April 3, 2020; offering the following key incentives: - Construction designated status of an “Industry”, with formation of Construction Industry Development Board; - Amnesty for all investments made in the real estate sector i.e. exemption from Section 111 of the Income Tax Ordinance 2001, up to June 30, 2022; - Fixed tax regime for the entire real estate sector along with 90% reduction in tax rates with respect to low cost housing; -
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