Trading was temporarily halted due to major downturn in PSX


Karachi: Due to the tension between Pakistan and India, the Pakistan Stock Exchange (PSX) suddenly moved from positive to negative zone, with the Index recording a decline of more than 7,000 points.
On the fourth day of the business week, the stock market witnessed a huge boom at the start of trading. With an increase of more than 1,800 points, the Pakistan Stock Exchange’s 100 Index touched the mark of 111,881 points.
Later, during trading, the stock market entered the negative zone from positive, with a decline of 7,516 points, and the 100 Index reached the level of 102,492 points.
Trading was temporarily halted due to a major downturn in the Pakistan Stock Exchange.
According to the reports, stock trading was halted for an hour under regulations due to a decline of more than 5 percent. The index fell by 6,948 points to 103,060 points and remained suspended. The Pakistan Stock Exchange administration also issued a notification of the temporary suspension of trading.
It is pertinent to note that at the end of the previous trading day, the 100 Index in the stock market closed at 110,090 points with a decline of 3,559 points.

Epic’s Mega sale has big discounts on games like GTA V, Red Dead Redemption, and Cyberpunk 2077
- 3 hours ago

Palestinian developer disrupts Microsoft keynote: ‘my people are suffering’
- 3 hours ago

The most powerful laser in the US recently produced 2 quadrillion watts of power
- 3 hours ago

MJ jersey from '92-'93 season sells for $2.6M
- 2 hours ago

Netflix is turning mobile blockbuster Clash of Clans into an animated series
- 3 hours ago

Microsoft’s AI security chief accidentally reveals Walmart’s AI plans after protest
- 3 hours ago

Clark, new-look Fever rout Sky in chippy opener
- 2 hours ago

Singer Chris Brown granted bail in London assault charges
- 10 hours ago
Landslides in China’s Guizhou province leave 4 dead, 17 missing
- 10 hours ago

350,000 people are losing protection from deportation
- an hour ago

The ugly truth about Trump’s big, beautiful bill
- an hour ago
Iran warns US will be held responsible for any Israeli strike
- 10 hours ago