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Pakistan Stocks drops 1,600 points in early hours

Pakistan Stocks drops 1,600 points in early hours

KARACHI: The Pakistan Stock Exchange (PSX) recorded freefall activity on start of business on the first day of the week (Monday) after the benchmark KSE-100 Index dropped over 1,600 points in the opening hours of the trading session.  

At the time of filing this report, the KSE-100 Index was being traded at 34,409.60 points, showing a decline of 1651.28 points and a percentage drop of 4.58pc.

The latest drop comes after 18 more coronavirus cases emerged in Sindh, including 13 from Sukkur quarantine centre were recorded on Sunday alone, pushing the total number of infected people to 35 across the province.  Whereas, fist case of coronavirus was also confirmed in Lahore.