KARACHI: The KSE 100-Share index of Pakistan Stock Exchange (PSX) went down by 1200 points in a day Monday following indication from the government to impost strictest lockdown in Lahore, Islamabad and other COVID-19 infected cities.
The market is being traded at 44,400 points at 3:15 before the closing after losing around 1200 points.
The analysts believed that the recently policies announced by the government including president ordinances regarding State Bank of Pakistan (SBP) and Stock Market to enhance the margin trading have severely disturbed the investors.
There was a huge institutional selling in the market, one of the analyst claimed. However, every company was in red on trading screen.
KSE-100 Index closed at 44,431.80 points while it went up to 45,521.63 points. The market total turnover recorded at 523.8 million compared to 529.2 million of previous closing. Meanwhile trading value remained at Rs 23.514 billion compared to Rs 25.185 billion
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