PSX loses 86 points after volatile trading day
The 100 index recorded a loss of over 250 points at one point during the day
KARACHI (Dunya News) - The Pakistan stock market 100-index saw a dip of 86 points after closing on the week’s first trading day.
According to the details, investors are facing growing uncertainty over the worsening situation of coronavirus in the country, not unlike the rest of the world, and the effect of this uncertainty is being seen in the Pakistan stock market.
The trend of selling shares was apparent during the week’s first trading day of the week, while the 100 index also recorded a loss of over 250 points during the day.
At the end of trading day, some recovery was made due to late share buying by the investors and 100 index closed at 28,023 points after falling 86 points.
The 100 index saw a decline of 0.31% during the entire trading day while 1,277,645,166 shares were traded.
On the other hand, prices of crude oil fell to the lowest level in 17 years; with US oil price falling 5.2% to trade at USD 20.39 cents a barrel. British crude oil prices fell 6.6% and traded at GBP 23.29.
