KSE-100 index dips 257.04 points

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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.

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