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Despite Rebound Stock Loses 286 Points

KARACHI: The stock market extended its slump on Thursday as the KSE-100 index nosedived around 2,000 points in intraday trading, triggering a halt to activity and touching levels last seen in August 2019.

At close, the benchmark KSE-100 index recorded a decrease of 286.22 points, or 0.94%, to settle at 30,129.83.

Overall, trading volumes increased to 308.3 million shares compared with Wednesday’s tally of 186.7 million. The value of shares traded during the day was Rs10.1 billion.

Shares of 358 companies were traded. At the end of the day, 108 stocks closed higher, 235 declined and 15 remained unchanged.