The Pakistan Stock Exchange slammed at 9:30 AM, approximately, on Friday because shares’ trading stopped for the third time this week. However, the shares of power and gas and oil sector, chemicals and engineering improved when the trading started again.
The benchmark KSE-100 decelerate 1,683 points and lost 4.6% of its incentive in five minutes when it opened. The market went down 20 percent from its highest level this year which means that $10 billion were lost by the market.
Alfalah GHP Asset Management CEO, Maheen Rehman, said that the meltdown is going on in the whole world.
