Summary United States (US) central bank's increased interest rate is also adding to the withdrawals
KARACHI (Dunya News) – Karachi Stock Exchange (KSE) 100 Index on Monday has dropped by 400 points owing to tug of war between Sindh and federation.
Karachi Stock Exchange (KSE) is heading downhill at the start of the week as 100-Index stands at 32,650 points.
Foreign investors are withdrawing money from stock market owing to falling petroleum products’ prices and those of crops. United States (US) central bank’s increased interest rate is also adding to the withdrawals.
On the other hand, increasing tensions between the federation and Sindh government over Pakistan Rangers’ policing powers issue are widening uncertain situation in the market. The tensions are resulting in index drop.
