KARACHI: The Pakistan Stock Exchange (PSX) on Thursday witnessed bearish trends as KSE-100 index plunged at the start of days trading, ARY News reported.
PSX mostly witnessed bearish trends throughout the week and is currently trading at 36919 points at the KSE-100 points index.
Read More: PSX 100-index recovers 641 points after initial crash
The market suffered a downfall of 753 points at the start of trading at the stock exchange extending a prior negative trend.
Trading initially had begun at 37673 points and is consistently registering a decrease for the past few days as the world’s economy is currently embattled with coronavirus.
US Dollar hits eight-month high
The United States (US) dollar is on the rise again and has hit its all-time high in the last eight months on Thursday in the inter-bank market, ARY News reported.
The US dollar extended an upward trend against the Pakistani rupee in the inter-bank market for a third straight day registering a 58 paisa increase after stabilising at 158.90.
The post PSX continues bearish trends as world economy cripples under coronavirus appeared first on ARY NEWS.
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