KSE down 1,300 points at opening

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KARACHI: Following Asian STOCK MARKET trend, Karachi Stock Exchange (KSE) shed over 1,419 points at the closing of Monday’s trading.

 

With over 1,400 points down, the KSE-100 index was recorded at 33,100.

 

The KSE witnessed a three month low and market capitalization suffered a loss of almost Rs270 billion. Out of 100 companies, 81 have hit 5 per cent lower lock.

 

Biggest markets of Asia including Hong Kong, China and Japan also plummeted on Monday.

 

The fall in the Asian markets will likely to hit world stocks.

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