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KSE-100 dives 2 7% as Covid cases rise

KSE-100 dives 2.7% as Covid cases rise Stocks battered as fears of lockdown and impact on economy intensify KARACHI: The euphoria of the past two weeks subsided as the Pakistan Stock Exchange felt the brunt of rising coronavirus infections across the country. The spike in Covid cases, coupled with developments on the political front mounted selling pressure, pushing the index 1,221 points or 2.7% in the red to end at 44,301 points. Bears took control on Monday as the market plunged over 1,000 points on back of surging Covid-19 cases, particularly in Punjab, due to which the government also imposed a smart lockdown in various districts.

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