 |
| SOURCE: GOOGLE |
Stress in the stock market, trading suspended for the third time in a row.
Trading on the Pakistan Stock Exchange was suspended for 45 consecutive minutes for the third consecutive time due to severe downturns, while the trading was suspended three times last week.
On Monday 16 March, the stock market's 100 index fell to
34,409 levels after falling below 35 thousand levels, causing the trading to be
stopped at 10 am to 13 minutes.
 |
| SOURCE: GOOGLE |
The 100 index was down 4.58% and traded 1651 points.
Al-Falah GHP Asset Management CEO Maheen Rehman says that
Pakistan's stock market, like the rest of the world, is also in decline.
According to the stock market rule, if the market goes up or
down 4% during trading, trading is suspended for 45 minutes so that investors
can start working in new ways.
Stock markets around the world have been affected since the
National Institutes of Health declared the Coronavirus a global outbreak. In
Italy, 368 people were killed in a single day.
It may be mentioned that after the emergence of 50 more cases
of Coronavirus in Sindh, the total number has increased to 76 while the number
of people infected with the virus has increased to 94.
On March 11, the market saw a positive trend, after which
the market closed at 37,673 points. On Thursday, March 12, the market closed at
35,956 levels. On Friday, March 13, the stock market's 100 index closed at 36,
60
Source: SAMAA TV
0 Comments