Equity market crashes; halts on lower lock

Equity market crashes; halts on lower lock

KARACHI: Trading at the stock market has been halted after witnessing lower lock on Monday morning owing to sharp decline in world oil price.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell by 2,107 points or 5.83 percent at the opening on Monday morning.

The market was trading at 36,113 points when it was suspended on lower lock. The market was closed at 38,220 on last Friday.

Analysts said that the sharp decline in world oil prices was behind stock market crash.

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