KSE sheds 450pts in intraday trade

[You must be registered and logged in to see this image.]




KARACHI: The Karachi Stock Exchange's (KSE) benchmark 100-Index fell 450 points Monday, Geo News reported.

According to sources, shares at the local capital market witnessed decrease as investors remained worried over concerns of escalating tension between Pakistan and the United States.

At one stage, the market witnessed the level of 11,158 points, however, economists and experts are of the view that because of the volatility in the relationship between Pakistan and US investors are reluctant in trading.

On the other hand, the sluggish trend of US economy in the international market has also resulted in the downfall of up to 2% in the Asian markets.