KARACHI: Trading at Pakistan Stock Exchange (PSX) was suspended for the second time this week amid a global meltdown in the international financial markets.
The benchmark KSE-100 index was at 36,348 when the trading was suspended at 02:17pm today for 45 minutes.
On Monday, the PSX’s benchmark KSE-100 index plunged 2,106 points after the starting bell on the first day of the trading week, forcing authorities to halt trading.
External shocks due to breakout of coronavirus infections are pushing Pakistani stocks into a bear market, with the Karachi Stock Exchange (KSE-100) losing 1,324 points during intraday trading so far today.
The plunge was just the latest in a series of shocks which started Monday.
The bearish trend in the market today set in after the World Health Organization (WHO) declared the coronavirus as a global pandemic.