Summary KSE-100 Index fell by 1419 points and settled at 3310 points at closing
KARACHI (Dunya News) – Karachi Stock Exchange (KSE) saw its worst downturn in history as local investors lost up to 270 billion rupees during the slump, reported Dunya News.
News of downturn in global markets reached Pakistan on Monday as trading began on a low note on KSE-100 Index. Foreign shareholders began selling their shares at an alarming rate as KSE-100 Index fell by 1419 points and settled at 3310 points at closing.
Earlier today, Asian stocks sank deeper into crisis, with Shanghai posting its largest fall in a day since 2007 i.e reduction by 8.4%. Last month, global investors lost up to 5,000 billion dollars due to devaluation of Chinese Yuan.
