KSE-100 witnessed a volatile session as it shed most of its early gains amid heavy selling from foreign investors. Benchmark index started gained 963 points within 2 hours of trading, however, after touching an altitude of 28,199 points, the market lost its momentum and settled at 38.40 points or 0.14% up from yesterday’s session and closed at 27,267 marks. The investors’ sentiments were finally picked up by the economic stimulus measures taken by the state bank and federal government and remained positive throughout the session, as regulatory measures and incentives introduced by the government to support financial markets including ban on short selling was also instrumental in pushing fresh rally. The Index traded in a range of 1144.62 points or 4.20 percent of previous close, showing an intraday high of 28,191.33 and a low of 27,046.71.All Share Volume increased by 41.64 Million to 186.75 Million Shares. Market Cap decreased by Rs.23.51 Billion. Of the 93 traded companies in the KSE-00 Index, 47 closed in the positive territory while 45 closed in the red zone, while 1 remained unchanged. Total volume traded for the index was 157.44 million shares. Sectors propping up the index were Commercial Banks with 97 points, Fertilizer with 77 points, Power Generation & Distribution with 28 points, Food & Personal Care Products with 12 points and Real Estate Investment Trust with 4 points. Among companies, most points added to the index was by Habib Bank Limited which contributed 55 points followed by ENGRO with 50 points, Meezan Bank Limited was with 29 points, Hub Power Company Limited with 24 points and Engro Fertilizers Ltd with 18 points. Sector-wise, the index was let down by Cement with 66 points, Oil & Gas Marketing Companies with 31 points, Oil & Gas Exploration Companies with 28 points, Textile Composite with 20 points and Tobacco with 14 points. Among the companies, most points taken off the index was by Oil and Gas Development Company Limited which stripped the index of 32 points followed by United Bank Limited with 32 points, Lucky Cement Limited with 25 points, DG Khan Cement Company Limited with 19 points and Pakistan Tobacco Company Limited with 14 points. Meanwhile, State Bank of Pakistan (SBP) and the Pakistan Banks Association (PBA) have announced a relief package, amid growing concerns about the potential economic impact of the COVID-19 pandemic. The borrowing limits for individuals have been increased for one year. The SBP has relaxed the DBR, or Debt Burden Ratio, for consumer loans from 50 percent to 60 percent.According to the SBP, the capacity to borrow from banks for individuals is limited by their capacity to bear the burden of debt, defined in terms of a percentage of their income and known as a DBR. The central bank hopes the new measure will allow about 2.3 million individuals to borrow more from banks in this time of need. Banks and DFIs can now defer the payment of principal on loans and advances by one year. Borrowers will have to submit a written request to the banks before June 30 of this year. However, borrowers will have to service the mark-up amount. The deferment of principal will not affect the borrower’s credit history. The total amount of principal coming due over the next year is about Rs. 4,700 billion.Global Markets: Wall Street witnessed relative stability as Stocks surged for a third straight day on as investors shrugged off the release of record-breaking initial jobless claims while the Senate passed a massive nearly $2 trillion economic stimulus bill amid the coronavirus outbreak. Dow Jones jumped more than 1,100 points, or 5.4%. The S&P 500 gained 4.8% while the Nasdaq Composite advanced 4.1%. Those gains put the Dow and S&P 500 on track for a three-day winning streak. They also put the Dow up about 20% over the past three days. Makor stocks that witnessed the rally was Boeing, American Express and Nike which drove the Dow’s gains, with each stock rising more than 8%. Utilities and energy were the best-performing sectors in the S&P 500 as both traded more than 5% higher. European markets also closed higher despite US. jobless claims ballooned to a record high amid the fallout from the coronavirus pandemic. Regional stocks that moved the indexes include , stock exchange provider Euronext which tumbled more than 11% while British IT company Micro Focus shed 10.7%. French corporate bank Natix is jumped 11.4% in afternoon trade to lead the European benchmark. In Asia, Stock Markets plunged lower as investors continued to speculate over possible recession.Shares in Japan led losses among the region’s major markets, with the Nikkei 225 falling 4.51% to close at 18,664.60 as shares of index heavyweight Fast Retailing plunged 13.16%. Mainland Chinese stocks slipped on the day, with the Shanghai composite 0.6% lower at about 2,764.91 Hong Kong’s Hang Seng index also slipped 0.74%, as of their final hour of trading.South Korea’s Kospi finished its trading day 1.09% lower at 1,686.24.