KARACHI: Fall in international markets and panic selling led to a major drop in the Karachi Stock Exchange (KSE) on Monday.
The benchmark KSE-100 index went down by 4.11 per cent or 1,426 points to drop to 33094.03 points level till midday. The stock witnessed the maximum trading level at 34519.77 point and minimum level at 33027.52 points, with the total volume of 176,441,820 shares, having Rs10,326,204,485 value.
The KSE-100 Index is heading south in line with nearly all global share markets that have been bearish amidst concerns over the slowdown in the Chinese economy and political instability in Greece.
Meanwhile, the KSE-100 Index tumbled 3.94 percent, biggest weekly fall in 20 months after the bourse remained affected with the falling Asian currencies, record low oil prices and foreign fund manager’s outflow during the week ended August 21, 2015.
