Halting of trading at PSX is on go

KARACHI: Equities were destroyed because the index fell more than 1,700 points on Thursday, which led to a stop in trading and a deterioration in the index to the level last reached in August 2019.

Investor sentiment remained weak as the danger of an impending recession and localization in the country panicked investors.

When the number of cases in the country rose to 300, the country reported two deaths that resulted in even greater destruction.

In addition, the steady decline in world stocks and oil prices led to a downward trend.

At 9:37 a.m., the KSE-100 index, a measure of market efficiency, fell 1752 points, or 5.76%, to 28,664.04.

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