Will Covid-19 resurgence haunt PSX again?
Pakistan, Nov. 3 -- Detesting investors are grappling over another domino effect of resurging Covid-19 in Pakistan, as market sentiments continued to dwindle at Pakistan Stock Exchange (PSX). The panic selling witnessed over the past four trading sessions at PSX benchmark Kse-100, resulted in nearly 3,900 points lost, which has raised fears of another stock market crash witnessed in March, earlier this year.
Pakistan's stock market had witnessed a turbulent journey this year ever since the covid-19 pandemic has struck the world, which triggered global lockdown and halted economic activity. The stock market dropped over 23% or over 8,000 points during the peak of the first wave of Covid-19 in March (highest fall in the last 10 years). How...
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