PSX halts trade after stock market falls 5 percent

KARACHI: The Pakistan Stock Exchange (PSX) halted trade for two hours after the market declined over 5 percent to a multi-year low below 27,500 points in intra-day trading on Wednesday.

The market is unsuccessful to capture the free-fall regardless of the government measures of the financial support package worth and hack the key interest rate.

Besides, the KSE-100 index a standard for market performance–was declined 1,270.05 points (4.45%) to stand around 27,294.78.

On Tuesday, After an entire day of shutdown due to a public holiday, the Pakistan Stock Exchange (PSX) had plummeted by over 2000 points due to the rising spread of coronavirus and its adverse economic effects on the country.

READ MORE: PSX crashes as KSE 100 index loses over 2000 points