PSX

PSX has launched a fund to support families of the security personnel who were martyred and injured while protecting the stock exchange.

The oil price crash means that oil suppliers are practically paying the buyers into taking oil from them, as the demand has dampened due to the COVID-19 pandemic and lock downs across the world, including Pakistan.

While private firms are investing, SOEs have been absent from the local market in recent years. More investment is expected as PSX gains 3500 points.

PSX crashed as oil exploration and production companies make up 15.3% of the total market cap. These companies also consist of 13.2% of the KSE-100 index.