Mini-carnage at Pakistan Stock Exchange, down by 448 points
The Pakistan Stock Exchange was witnessing a semi-carnage on Friday in early trading as the KSE-100 had shed 448.78 points so far.
By the time this report was being filed, the index stood at 34,679.80 after starting the session from 35,128.58. Earlier on Thursday, the KSE-100 Index made a modest gain of 43.50 points.
At one point, the index was down to 34,503.94 at 10:20am, representing a loss of 624.64 after a volatile start, but since then the market was making some recovery by reducing the sudden losses.
On Thursday, the US stocks tanked as cautious commentary from the Federal Reserve and rising coronavirus infection rates prompted investor concern with DOW down by 1,862.