Stocks extend losses on Thursday as selling pressure continues to mount pressure on the index. Benchmark Kse-100 closed at 34,119-mark after shedding 282 points. The bearish trend was witnessed through the session due to lack of any positive triggers and absence of activity in the market. Rising Covid-19 cases have scared away the investors, denting market Sentiments further as surging death toll may trigger another lockdown. Moreover, investors are also treading cautiously as they continue to speculate over the upcoming budget. The benchmark KSE-100 Index remained in the negative zone throughout the session, recording its intraday low at 34,090.13 after losing 311.29 points. Index recorded an intra day high of 34,404.12. Total volume traded for the Kse-100 index was 104.19 million shares. While, the overall market volumes increased from 129.95 million shares in the previous session to 143.59 million shares. However, average traded value, declined by 19%, from $41.5 million to $33.9 million. The volume chart was led by TRG Pakistan Limited, followed by Unity Foods Limited and Hascol Petroleum Limited, exchanging 11.32 million, 11.31 million and 8.11 million shares, respectively. Among the sectors index was weighed down by banking sector the most, losing 91.10 points, followed by oil & gas exploration by 79.45 points and power generation & distribution by 33.04 points. Among the scrips, Oil and Gas Development Company Limited dented the index the most, losing 35.99 points, followed by Muslim Commercial Bank MCB by 33.99 points and Hub Power Company Limited by 30.34 points. Sectors that performed during the session were Automobile Parts & Accessories adding 7 points, Tobacco adding 4 points, Transport adding 4 points, Paper & Board adding 3 points and Pharmaceuticals adding 3 points. Among the scrips, the most points added to the index was by Sui North Gas Pipeline Limited which contributed 9 points followed by Azgard Nine Limited with 8 points, Abbott Laboratories (Pakistan) Limited with 7 points, Philip Morris (Pakistan) Limited with 7 points and Fauji Fertilizer Company Limited with 5 points. Global markets Global equities witnessed a mixed trend but lost its momentum following increasing civil unrest in United states. Investors also closely monitored global stimulus packages to lift up economies devastated by Covid-19 and subsequent lockdowns. In Europe, stocks whipsaw after European central bank announced $676 billion to its coronavirus rescue plan to expand its Pandemic Emergency Purchase Programme (PEPP).Thursday’s announcement brings the total stimulus package to a massive $1.52 trillion. Following the announcement Most European stocks pared early losses. The announcement picked up CAC-40 in paris by 0.07% while Italy’s FTSE-MIB edged higher by 0.39%. However German DAX and London’s FTSE-100 remained in the negative territory and closed 0.39% and 0.42% lower. In asia, Most of the benchmarks remained in the positive territory as investors assessed economic outlook of the economies as most of the countries lift lockdown restrictions. In Japan, the Nikkei 225 gained 0.36% to close at 22,695.74, while South Korea’s Kospi also closed 0.19% higher at 2,151.18. Hong Kong’s Hang Seng index also posted gained, and closed higher by 0.17% lower. However, chinese stocks were mixed on the day, but lost ground as benchmark index Shanghai composite shed 0.14% to close around 2,919.25. In U.S, However Wall Street extended its previous session’s gains. The technology heavy Nasdaq-100 index rose to a record high on Thursday, becoming the first major U.S. stock index to fully erase its losses from the coronavirus pandemic sell-off. The Nasdaq Composite traded higher by 0.24%. Both the Dow and S&P 500 were at least 8% below their February record highs, while the Nasdaq traded less than 1.5% below its all-time high. The 30-stock Dow was trading 36.58 points higher, while the S&P 500 gained 3.46 points. The market is closely following unemployment figures, as on Thursday The Labor Department said 1.877 million Americans filed for unemployment benefits last week, topping a Dow Jones estimate of 1.775 million. Continuing jobless claims rose sharply, nearly reaching 21.5 million. The data was released a day ahead of the department’s monthly jobs report. A whopping 47 million applications for benefits have been filed since the coronavirus pandemic began several months ago, reflecting almost 30% of the labor force before the crisis. The rising civil unrest may further dent economic prospects of U.S economy and exacerbate investors’ confidence at Wall Street.