KARACHI: After the index survived by another foremost loss of over 1,275 points on Monday in intra-day trade. The stock market of Pakistan halted trade for the fourth time. After four months, the index dropped below 35,000 points. At 10:13 am, the KSE-100 index-benchmark for market performance-was down 1,651.28 points or 4.58% to stand at 34,409.60.
PSX had halted trading for 45 minutes at around 10:12 am. The main benchmark of the index was down 4.58%, or 1,651 points, at the time of the halt. Topline Securities CEO Mr. Mohammad Sohail commented: “so Pakistan stock market is also in a bear run, it is down 20% in 2 months.”
After the Federal Reserve slashed interest rates in an emergency move, The equity markets and the dollar roiled, in global lending markets its major peers offer cheap US$ to relieve a harmful Blockage. The Emergency meeting held by The Bank of Japan on its own to confer new motivation procedure. The extreme military exercise was expected to mitigate, the immediate spread of coronavirus all but shut down more countries, though they had only limited success in composed panicky investors.
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31 March, 2020