If stock markets are leading indicators of what lies ahead, then the deteriorating sentiment in global markets signals that the worst may yet to come. The second wave is surging even faster and stronger than the first wave in terms of the number of cases reported. The rally at the Pakistan Stock Exchange (PSX) is losing steam and showing signs of exhaustion as the KSE-100 index dipped 3.3% after hitting 42,866 points. The pandemic never left Pakistan, only the infection rate slowed down due to reasons still debated by the medical fraternity. If Pakistan has to avoid total lockdown in future, then it has to ramp up efforts to track and isolate the hotspots.

Source: The Express Tribune September 28, 2020 03:00 UTC