It is reported on the news on Sunday that the global coronavirus has hit the capital market badly, it is also witnessed by the dealers that it is the worst week in more than two and a half years where the market has collapsed to 5.6%.
Ahmed Lakhani, JS Global analyst said “The coronavirus continued to keep a firm grip on local headlines, as the number of reported cases increased in Italy and neighboring Iran, while a couple of cases were also identified in Pakistan”.
Hitting the four dozens of countries with no sign of containment in sight, global equities commodities ( such as oil) are to witness a dispel.
The panicky scenario was naturally not exclusive to Pakistan, with most major regional and global markets receding during the week.
