The Pakistan Stock Exchange (PSX) turned bearish on Thursday amid reports of the first case of Omicron variant of the coronavirus in the country, with the benchmark KSE-100 Index shedding 328.03 points (-0.75 percent) to close at 43,518.84 points.
The market opened on a positive note but remained in the green zone only for the first 25 minutes of the session, and succumbed to selling pressure.
The market remained in the negative zone till end of the session as the nervousness was prevailing across the board on the first case of Omicron variant of the coronavirus as well as lack of positive triggers.
The KSE-100 Index moved in a range of 722.9 points, showing an intraday high of 43,996.6 points and a low of 43,273.7 points. Among other indices, the KSE All Share Index shed 179.18 points (-0.6 percent) to close at 29,784.71 points,
while KMI All Share Islamic Index shed 132.19 points (-0.62 percent) to close at 21,205.22 points. A total of 347 companies traded shares in the stock exchange, out of them shares of 79 closed up, shares of 244 closed down while shares of 24 companies remained unchanged. Out of 94 traded companies in the KSE-100 Index, 17 closed up, 73 closed down and four remained unchanged. TLTP
