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Home Business & Stock

PSX continues bearish trend as 100-index declines by more than 900 points

MM News Staff by MM News Staff
March 17, 2020
Reading Time: 1 min read
KARACHI: The Pakistan Stock Exchange (PSX) has continued to witness a bearish trend as the KSE-100 Index declines by 341 points to trade at 33,343 points.
Earlier on Monday, there was complete carnage at the stock market as the PSX nosedived by 2400 points in intra-day trading due to the rising fear about the coronavirus outbreak.
According to PSX rules, trading has to remain suspended when the KSE 30 index dropped by more than four percent or goes down in a single direction for five consecutive minutes. This is the fourth time since last Monday that trading has been suspended on the stock market.

Read more: PSX recovers after volatile session to end in the green

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