The Pakistan Stock Exchange faces historical bearish trend on the back of Covid-19 Virus. The trade suspended for the fifth time within just 10 days as early hour exchange recorded a slaughter. The sectors, including top scrips, landed in the red zone with a couple of exemptions,
However, the volume is very low. The benchmark KSE-100 dipped under the 31,000 point, where it was most recently seen back in September, 2019. On the back of Covid-19 pandemic and after a significant cut in oil prices over the world previously driving away the traders, the partial lock down of the Karachi city due to developing number of cases has additionally deteriorated trade.
Be First to Comment