Business

KSE-100 index tumbles more than 2,000 points

 

 

The Pakistan Stock Exchange index KSE-100 reached 2,106 points on Monday, 45 minutes after the bell rang on the first day of trading week, reports Geo News. The index, which closed at 38,220 points on Friday, is already at the start of trading, having spent 2,106 points (5.51%) ahead of the trading halt.The declin began amid global sales of fears of coronavirus and the spread of a deteriorating economic infection.

“PSX has launched a market suspension at 9:37 am which will last 45 minutes,” officials said in a statement.The suspension of the market is due to the usual risk management policy,” a statement from the meeting said.

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