Abb Takk News

PSX 100-Index Sheds More than 1,200 Points

KARACHI: Stocks took a hit on Thursday as the benchmark KSE 100 Index shredded more than 1,200 points as the market saw sustained selling pressure in the backdrop of the news of a second coronavirus lockdown.

The Pakistan Stock Exchange ended on a negative note, with the benchmark KSE 100 Index losing 1,298 points, or 3.15%, by the end of the trading session to reach 39,888.

374.8 million shares had changed hands by the end of the session, with a total worth of nearly Rs16.5 billion.

Stocks of 372 companies were traded, of which 50 gained in value, 315 declined and 7 remained unchanged.