On Friday the KSE-100 index saw an increase of just 4.74 points to finish the day at 40,689. The index saw an intra-day high of 40,689 and a low of 40,629.
Investors took cue from surging COVID-19 cases across the country and saw the possibility of a second national-level lockdown if the trend persisted. The second lockdown would be detrimental to the country’s economy and hit growth figures severely.
Most major European indices traded only modestly higher on Friday, while cases of COVID-19 continued to spiral across a region where many large economies are in lockdown.
