KARACHI: Investors of the Pakistan Stock Exchange (PSX) witnessed bloodbath on Thursday, as the indices nosedived right from the word go, triggering a 45-minute ‘market halt’ (at 2:13p.m.) Shedding 1,777.48 points, the KSE-100 Index touched its intraday low at 35,895.77. Among other indices, the KSE-30 Index lost 936.44 points to close at 15,992.37, while the KSE All Share Index lost 816.70 points, settling at 25,310.97. Analysts believe that this was due to the cyclical benefits that the cement sector will witness due to the global plunge in oil price. Speaking on the drop, Arsalan Soomro, Managing Director KASB noted, “The globalization of coronavirus is belatedly taking a toll on Pakistan stock market as well.

Source: Pakistan Today March 12, 2020 15:11 UTC