KARACHI: Pakistan stock market despite opening in positive fell under a bearish spell as worrying statistics from the ongoing third wave of COVID-19. The selling pressure pushed KSE-100 Index below 44,500 points level.
The market remained in positive just for an hour at the start of the day and breached near the 44,500 points barrier but the selling pressure pushed it in to negative to 44,333 points with a fall of 71.5 points by 11:30 am.
The statistics of COVID-19 infection rates are indicating a gloomy situation ahead, traders and analysts said.
