Lockdown fear amid rising Covid-19 cases make market jittery ...palestine

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Lockdown fear amid rising Covid-19 cases make market jittery
As coronavirus cases went up and the government considered more lockdowns Monday, the Pakistan Stock Exchange’s benchmark KSE-100 index lost 1,089 points. The KSE-100 closed at 44,431 points. “The Covid-19 cases have doubled,” said Adnan Sami, AVP Research Pak-Kuwait Investment Company. “There are also talks of lockdowns in the country, which has made the market jittery.” Senior research analyst at JS Global Ahmed Lakhani said that the rising Covid-19 cases and a fear of an increase in the span of lockdowns impacted investor confidence. Sami said that the market was apprehensive about the delay in Independent Power Producer (IPP) payments, which the government will be paying to

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