Pakistan Stock Exchange (PSX) retreated on the first trading session the week, as bearish spell from the previous week continued to haunt investors. On Monday, PSX benchmark kse -100 index lost 775.82 points by the session closing to clock at 39,112.18 index level. During the session the kse-100 index plummeted right after the opening bell, and bled as much as 1,100 points during the earlier trade, as investors still continued to offload stocks, as the roll over week was cut short by a day last week due to a holiday on Friday. Moreover, the index continued to lose ground due to mounting covid-19 cases. The fears of second wave gripped the market as National Command and Operations Centre (NCOC) had noted that the spread of the virus and the increased positivity ratio is 80 per cent in 11 major cities of Pakistan. However, the early losses were partially reversed during the late trading session on the pretext of Supreme Court’s decision on GIDC review case, which lifted fertilizers stocks. During the day, the benchmark KSE-100 Index remained in the negative throughout the day, recording its intraday low at 38,778.68 after shedding 1,109.32 points. At kse-100, the index volumes stood at 205.64 million shares , while the overall market volumes were recorded at 322.29 million shares, declining from the previous session’s volumes of 541.8 million shares. The volume chart was led by Hascol Petroleum Limited, followed by Unity Foods Limited and Pakistan International Bulk Terminal Limited. The scrips exchanged 32.40 million, 31.20 million and 20.16 million shares, respectively. Sectors which dented the index were Commercial Banks with 186 points, Oil & Gas Exploration Companies with 144 points, Oil & Gas Marketing Companies with 71 points, Cement with 59 points and Fertilizer with 52 points. Among the scrips, most points taken off the index was by Habib Bank Limited which stripped the index of 69 points followed by Oil & Gas Development Company Limited with 67 points, Pakistan Petroleum Limited with 60 points, Lucky Cement Limited with 45 points and Muslim Commercial Bank with 38 points. However, sectors which continued to resist the pressure were Investment Banks with 11 points, Vanaspati & Allied Industries with 4 points, Automobile Parts & Accessories with 1 points and Close – End Mutual Fund with 1 points. Among the scrips, most points added to the index was by awood Hercules Corporation Limited which contributed 17 points followed by DG Khan Cement Limited with 5 points, Unity Foods Limited with 4 points, National Foods Limite with 4 points and IGI Holdings Limited with 4 points. Global Markets: Upbeat Economic data lifts sentiments Global stock advanced on Monday after promising manufacturing data out of the euro zone and China boosted sentiments, hinting towards a revival of economic activity. On Monday, stocks in Asia gained ground as Investors responded to China’s economy. A private survey showed Monday that China’s manufacturing sector expanding for the sixth straight month in October. The Caixin/Markit Purchasing Managers’ Index (PMI) for Chinese manufacturing came in at 53.6 for October, higher than the 53.0 economists’ expectations. PMI readings above 50 signify expansion, while those below that indicate contraction. PMI readings are sequential and represent on-month expansion or contraction. Among the major markets, South Korea’s Kospi index led the regional gains, which gained 1.46% to close at 2,300.16, followed by Hong Kong’s hang Seng index and Nikkei 225 in Japan, advancing 1.46% and 1.39% respectively. Meanwhile, tracking the regional gains, Chinese stocks also saw gains on the day, with the Shanghai composite marginally higher at around 3,225.12. European markets advanced across the region, after October’s final manufacturing PMI data for the euro zone came in at 54.8, up from 53.7 in September and outstripping expectations. The upside surprise was driven in part by resurgent factory activity in Germany. Among the major markets, CAC-40 in France led the regional gains, adding 2.33% to the index, followed by Germany’s DAX and UK’s FTSE-100, each climbed 2.17% and 1.53% respectively. In U.S, the Wall Street rebounded on Monday, as markets tried to recover from a brutal week and month ahead of the U.S. presidential election. During the early trading hour, Dow Jones Industrial Average traded 504 points higher, while the S&P 500 gained 1.7% the tech heavy Nasdaq Composite was also trading 1.3% higher. Monday’s upsurge was built upon Institute for Supply Management announcement which said its manufacturing index reached a two-year high in October.