The impact of the rise in corona virus cases in the country was also felt on the Pakistan Stock Exchange (PSX) and the KSE-100 index declined by 633 points (1.54%).
Due to the negative trend, the Hundred Index closed at the level of 40,565 points.
Saad Ali, head of research at Intermarket Securities, told Dawn that some large mutual funds saw large-scale sales, which had an impact on the entire market, while the lack of positive news and the daily increase in Corona cases also weighed on the market. Slowed down
Commercial banks and oil and gas exploration were the most negative sectors, down 134 and 117 points, respectively.
Although the rise in the value of the rupee and remittances is positive news, investor interest is showing less interest due to the deteriorating situation of the corona virus.
A total of more than 328.2 million shares worth over Rs. 11.31 billion were traded in the market.
The biggest gainers were Unity Foods Limited, Soneri Bank Limited and TRG Pakistan Limited.
A total of 361 stocks were traded on Thursday, out of which 86 stocks gained, 263 declined and 12 remained stable.
