Bloodbath at KSE as100 index plunges 1,600 points on Monday.
KSE-100 Index opened at 44,840.81 points at the start of the business day and made a high of 44,841.41 points before going down swiftly.
However, the bearish trend reigned as the market closed at 43,233 points.
As reported, Karachi Stock Exchange’s benchmark 100-index witnessed a decrease of 1,600 points due to political instability and a delay in talks with the International Monetary Fund (IMF).
Experts suggest that the country’s stock market was under pressure due to the depletion of foreign reserves.
On the other hand, the US dollar continued its flight towards record levels against the rupee.
On Monday, the dollar price increased by Rs1.13 to Rs187.90 against the rupee.
Since April 16, the dollar rate has increased by Rs 6.
Check out how Pakistan's Pakistan’s Rizwan Ali outclassed India’s Pawan Gupta in the first round…
Karachi Administration has banned the usage of Drones in the metropolis for seven days! The…
Sindh government has made pink bus service free for women for 2 months! The Sindh…
Pakistani short film ‘Jamun Ka Darakht’ at the South Asian International Film Festival, Florida.Taking to…
New IGP Islamabad assumed charge on Monday, after 22 days of notification. Ali Nasir…
The Pakistan Stock Exchange (PSX) crossed 71,000 points for the first time in history and…