KARACHI: The Pakistan Stock Exchange (PSE) plunged 1,216 points shortly after the start of the first trading session of the week.
As per details, the benchmark index slightly recovered afterwards to clock up at 30,153.42 points at 12:30pm, which is down 2.7 percent from the start of trading.
As many as 251 stocks declined while only 23 registered an increase in their values by noon. The KSE-100 index had declined 4.7 percent last week, with almost all sectors of the stock market showing a week-on-week decrease. Foreign investors have been pulling out their investments in the wake of a global meltdown in equity markets for the last few months.
The Pakistani share market had remained largely flat in 2015, as the KSE-100 Index gained just 685 points, resulting in a meagre annual return of 2.1 percent.
