KARACHI: The Novel Coronavirus haunted the investors of Pakistan Stock Exchange (PSX) as the equity market fell by around 720 points in early day trading on Monday.
The benchmark KSE-100 index of PSX fell by 720 points in less than 90 minutes trading. The market is trading at 39,530 points.
Muhammad Sohail, Chief of Topline Securities, said that global markets had witnessed fall on fears that coronavirus affected Iranians and could affect Pakistan as well.
Sohail said that local bourses also witnessed sharp decline early in the day as investors fear coronavirus from Iran may affect Pakistan also.
He said that global market also witnessed decline as cases related to the virus on the rise.
