Pakistan Stock Market Crashed, 100 Index Losing More Than 2100 Points
KARACHI: The Pakistan stock market recorded severe recession, and the 100 index fell to more than 2100 points, after which the trading was stopped for 45 minutes in the stock market.
According to details, the coronavirus spread in China triggered a wave of concern in global markets and investors were cautious, which causing stock markets and crude oil prices to decline.
At the beginning of the week, the stock market saw a severe fall and the 100 index fell 2106 points, followed by the benchmark index at 36,113 points.
Trading in the Pakistan stock market was stopped for 45 minutes, trading at more than 5%.
Later, the stock market resumed trading in the Pakistan Stock Exchange. However, the bearish trend in the market continued. The 100 index recorded a decline of 2208 points.
Remember that according to the stock market of Pakistan in the case of a decrease or increase of 4% in the KSE Thirty Index After waiting for twenty minutes, trading halts are set for forty-five minutes.
The stock market regulation has imposed by the SECP in December last year.
According to stock market analysts, if the KSE Hundred index falls by twenty-eight points So all the shares will be overlocked.