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Bloomberg Quint

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Image Credit: Bloomberg Quint

Pakistan Stock Exchange Dives By 8,600 Points

  • Trading was suspended at the Pakistan Stock Exchange for an hour as the benchmark KSE-100 index plummeted by more than 8,000 points on Monday.
  • Financial analysts blamed the fear of a global recession for the massive fall in the stock exchange.
  • Even after a cooling period of one hour, the PSX lost another 2,000 points when trading resumed, resulting in a record 8,600 points drop in intraday trade.
  • The index closed at 1,14,909.48, down by 3,882.18 or 3.27%, from the last close.

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