Pakistan Stock Exchange down by 688 points

By: News Desk      Published: 03:12 PM, 6 Apr, 2020
Pakistan Stock Exchange down by 688 points

The Pakistan Stock Exchange was experiencing losses on Monday as the KSE-100 Index slipped to 30,933.98 after losing 687.81 points.

At one point, the index was down as low as 30,911.58 after losing 710.21 points.

A total of 130,637,161 shares have so far been traded after the KSE-100 Index started the day from the level of 31,621.79.

It is unlike the previous week which saw the market making some of the lost ground after weeks of huge losses, as the index is down by 23.17 percent since Jan 1.

The KSE-100 Index had closed the week at 31,621.79, meaning that market gained 2,116.21 points on Thursday and Friday.

This upward surge was in complete contrast with what the market witnessed in the previous weeks when the KSE-100 went south.

During the same period, it also witnessed the worst single day performance after losing over 2,400 points on March 16, while the trade suspension mechanism was employed on several occasion to stop the bloodbath.

Earlier on Thursday, PSX gained 1,277.09 points with the KSE-100 Index closing at 30,786.62.

The 4.33 percent gains were made on a day which saw the index reaching 30,842 at one point.

It was a repeat of Tuesday when the PSX had experienced a bullish trend as it closed the day with the KSE-100 Index at 29.231,63 after gaining 1,208.24 points.

This much-awaited change came as the PSX was missing any consistency or a high note that could help moving towards wiping out or at least making some of the lost ground in the current month.