Page 6 - பாக்கிஸ்தான் தொலைத்தொடர்பு நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Market watch: Bourse turns bearish, falls 160 points Benchmark KSE-100 index dips 0.36% to settle at 44,428.1 Shares of 391 companies were traded. At the end of the day, 102 stocks closed higher. PHOTO: REUTERS KARACHI: Despite a host of positive news reports, Pakistan bourse turned bearish on Thursday as the KSE-100 index shed 160 points primarily due to cabinet’s refusal to resume trade with India. In view of shortage of sugar and cotton, the Economic Coordination Committee on Wednesday gave the go-ahead to economic managers to import the commodities from the neighbouring country. However, the cabinet did not endorse it. In addition to that, rising Covid-19 cases across the country dented investor spirits as fears mounted of a nationwide lockdown. Many European nations also moved to either toughen the lockdown restrictions or impose a nationwide lockdown in wake of soaring infections.

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