Since the start of the pandemic the Pakistan Stock Exchange has suffered great financial loss and stress. However, since the discovery of a new variant of Covid-19 in Pakistan dented investors’ sentiment and pulled the benchmark KSE-100 index down by 392 points in a recent change.
During the trading session at the stock market, the country confirmed three cases of the new coronavirus variant, recently detected in the United Kingdom, among returnees from the European nation.
This has pulled a triggering alarm once again for the whole business and industrial community in the country as confusions of lockdown and closures again circulates within the citizens mind.
Panic selling has emerged as investors offloaded stocks in panic.