The ASE-100 Index lost 91.69 points and 54.88% of companies' share prices fell to a record low of Rs 13.62 billion.
The KSE-100 Index lost 91.69 points on Monday as the number of Corona virus victims in the country increased and political uncertainty prevailed in the Pakistan stock market. To 42,115.31 points while shares of 54.88% companies declined.
As a result, investors suffered a loss of Rs 13.62 billion and the trading volume in terms of share transactions was 11.08 percent lower than the previous trading session.
The Pakistan Stock Exchange (PSE) started trading in the positive zone yesterday and in the early hours of the year, investors showed interest in buying shares of non-profit companies, which led to a sharp rise and during trading, the SE-100 index reached a high of 42,321 points. However, due to political uncertainty in the country, the pressure to sell shares increased.
which led to a slump that lasted till the end and at the end of trading, the SE-100 index closed at 42115.31 points, down 91.69 points. The KSE 30 Index lost 56.62 points to 17625.88 points, the KSE All Shares Index lost 66.93 points to 29482.48 points and the KMI 30 Index lost 282.26 points to 68014.35 points
NwA total of 399 companies were traded in which share prices of C154 companies increased, 219 declined and 26 companies remained stable. Due to the decline in business, the total market capitalization decreased by Rs. These included TRG Pakistan, Unity Foods, Ghani Global (R), Jahangir Siddique Company, Pak Refinery, Net Civil Technology, Pak Electron, Heskol Petrol and Ayesha Steel Mills.
The Corona virus has changed everything in the world! Unfortunately, I think we’ll just see how much damage he inflicted globally.