Stocks fall 233 more points as lockdown fear looms large

12

The Pakistan Stock Exchange (PSX) witnessed another bearish session on Wednesday, with the benchmark KSE-100 Index losing 233.75 points (-0.52 percent) to close at 45,059.12 points.

Concerns about rising coronavirus cases and deaths dented the investment climate as investors kept a close watch on news about measures to be taken by the government to contain the spread of Covid-19 during the third wave in Pakistan.

The KSE-100 Index opened on a positive note but moved to the red zone later on and remained there till the end of the session.

The index traded in a range of 568.1 points, showing an intraday high of 45,588.9 and a low of 45,020.8. —TLTP