Staff Reporter
The stock market dropped sharply on Friday – the last day of futures rollover week – as investors were worried about the impact of Delta variant of coronavirus on Pakistan’s economic recovery.
During the trading session, a provincial coronavirus task force meeting was held, which decided to impose lockdown in Sindh from Saturday (July 31) till August 8 amid rising Covid-19 cases.
The report played on investors’ mind and dragged the market down in the second half of the session.
Earlier, trading kicked off on a positive note and the index posted gains during the first half of the session.
