Business

KARACHI – Bears took over the market as the Pakistan Stock Exchange (PSX) benchmark 100-index plunged a massive 1089 points to reach 38821 level on Thursday until midday.

In early trading, the stocks started the day on a bearish note and lost 351 points to drop to 39557 level in early trading.

The market observed instability after the reports regarding the possible protests by the Pakistan Awami Tehreek (PAT) hit the media following the release of Justice Baqar Najafi report on the Model Town incident.

The traders were also in a state of fear after a firestorm erupted following the decision of US President Donald Trump regarding recognition of Jerusalem as the capital of Israel.