KARACHI: The Pakistan Stock Exchange (PSX) recovered after opening crash on Thursday as KSE-100 index was trading at 30, 347 points at 12:30 pm.
Earlier, trading was halted at Pakistan Stock Exchange for 45 minutes within 10 minutes of trade as KSE-100 index was down 1,752 points or 5.6 percent and was trading at 28, 664 points.
KSE30 index fell below 6 percent at the start of trade. The analysts have attributed market crash to coronavirus fears as Pakistan reported two deaths and rising number of confirmed cases because of the deadly virus.
Exchange officials have argued strongly against halting trading entirely despite sharp drops in the market, and in their statement said the closure will not impair the market’s ability to function.
