Pakistan Stock Exchange closed 141 points lower

After the Eid holidays, trading in the KSE 100 Index on Wednesday did not last long in the positive zone and soon started trading in the negative zone.

The KSE-100 index opened at 34,158 points on the third day of the business week before the Eid holidays. At the start of trading, the index closed at 34,224 points, up 66 points.

During the day, 107,166,968 shares of the KSE-100 Index were traded in PKR at 5,465,120,770.

Last week, the stock market remained positive overall and the index rose 536 points in five days to cross the 34,000 level.

In a May 15 report, the Asian Development Bank (ADB) estimated the global economy due to the coronavirus to be 8. 8.8 trillion.

In a report on financial losses, the ADB said the coronavirus could cause a 9.7 percent slowdown in the global economy.

According to the report, Asian countries fear a loss of 7 1.7 trillion due to coronavirus.

A report released by the Asian Development Bank (ADB) says the Corona could cost China more than 1 1.1 billion.

The report says that governments in all countries are taking steps to control the coronavirus and to improve the health sector around the world.

The ADB report on the economic damage caused by the coronavirus said that the virus has severely damaged tourism and investment in the world.

The ADB report said the virus had reduced trade and industrial production and caused financial losses through travel bans, lockdowns, and border closures.

( Hamari News )