Karachi: Trading at the Pakistan Stock Exchange (PSX) was suspended today after the market dropped more than 6,000 points.
The PSX is witnessing the highest intensity downfall today in its history as it lost 6,287 points to reach 1,12,000 mark in morning session.
The trading has been stopped for a hiatus of 45 minutes.
In accordance with market regulations, trading will remain halted for 30 minutes to manage the volatility and provide investors with time to assess the situation.
Pakistan Stock Exchange witnessed a sharp downturn in early trading today , as the benchmark KSE-100 index plunged by 4,411.07 points, or 3.71%, to reach 114,380.59 as of 11:39 AM. This marks one of the steepest single-day drops in recent months.
The index, which opened at a high of 117,601.62, fell steadily to touch the day’s low of 114,380.59. Trading volume was significantly high, with over 147 million shares exchanging hands.
