PSX Recovers After Opening Crash, Trading at 30,129.8 at Day End

• At Market Close, the benchmark KSE-100 Index showed signs of recovery from early meltdown and was finished trading at 30,129.83 points.
• BR-100 closed trading at 3,061.68
• Market hit with bump on opening, recovers after halt until close of day

PSX began with a drop on Thursday as markets dropped by 1752.01 (-5.76%) to 28,664.04 amid Coronavirus fears as Pakistan reported the first deaths because of the virus.

At Day-End, the benchmark KSE-100 Index recovered from early meltdown and was finished trading at 30,129.83 points. The recovery is visible after an early crash and market halt in the early hours of Thursday.

The BR-100 index also saw a negative change by falling -21.20 [-0.69%] to 3,061.68 at Day-End.

World Stock markets showed similar trends as many major markets reported continued losses.

• China: -1.7%
• Australia: -1.8%
• Japan: -1.8%
• New Zealand: -2.8%
• Hong Kong: -4.5%
• Indonesia: -5%
• South Korea: -7%
• India: -5.5%