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PSX recovers after opening crash, trading at 30,1298 as of 4:00pm

PSX recovers after opening crash, trading at 30,1298 as of 4:00pm

KARACHI: At the time of filing this report at 4:00 pm, the benchmark KSE-100 Index showed signs of recovery from early meltdown and was being traded at 30,12983 points.

PSX began with a drop on Thursday as markets dropped by 1752.01 (-5.76%) to 28,664.04 amid Coronavirus fears as Pakistan reported the first deaths because of the virus.

At the time of filing this report at 4:00 pm, the benchmark KSE-100 Index showed signs of recovery from early meltdown and was being traded at 30,12983 points. The recovery is visible after an early crash and market halt in the early hours of T