Proposal floated to shut 3 refineries
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Total number of Covid vaccinations exceed 25m: Umar
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کیا پاکستان کرونا کی بھارتی قسم ڈیلٹا سے نمٹنے کی صلاحیت رکھتا ہے؟
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Market watch: KSE-100 extends decline over rising infections
Benchmark index sheds 376.93 points to close at 44,929.61
Shares of 390 companies were traded. At the end of the day, 92 stocks closed higher. PHOTO: REUTERS
KARACHI:
The Pakistan Stock Exchange extended its decline on Thursday and the KSE-100 index dropped 377 points as Covid-19 cases continued to surge across the nation.
A day ago, National Command and Operation Centre (NCOC) Chairman Asad Umar warned of a complete lockdown in major cities of Pakistan to contain the virus. This announcement, in particular, dented investor spirits and they preferred to remain on the sidelines.
Investors also took cue from a gloomy Covid situation in neighbouring India, which posed a threat to Pakistan’s health system as well.