KSE-100 makes smart recovery after slumping over 2,106 points
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index has made a smart recovered of 641 points after slumping over 2,106 points on early Monday, Aaj News reported.
The stock market crashed in the early trading hours on Today after the benchmark KSE-100 Index declined by over 2,000 points.
The 100 Index was trading at 36,113 points, when the authorities halted the trading after the loss of 2,106 points in the first half an hour of the trading.
local share markets tumbled as panicked investors fled headlong to bonds to hedge the economic trauma of the coronavirus, and oil plunged more than 30% after Saudi Arabia opened the taps in a price war with Russia.
Trading floors were a sea of red across Asia, with Tokyo, Sydney and Manila plunging around 6%, while Hong Kong shed 3.5% by lunch.
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