KSE plummets 1,400 points, international markets' fall carves effects
Gold prices saw at least USD 1.30 cut taking the rate to USD 11.58 per ounce
KARACHI (Dunya News) – Fall in international markets is carving its affects on Karachi Stock Exchange (KSE) as index plummeted by at least 1,400 points in early trade.
Local share market has been affected by down in international markets.
100-index was seen around 33,200 points after foreign investors boosted up purchase of shares. The 100-index fell down by at least 1,300 points.
On the other hand, Chinese stock market saw grout of at least 8.4 percent. Japan’s Nikkei index lost as many as 764 points. Separately, crude oil’s price in international market fell to USD 39.39 which is the lowest since 2009.
Gold prices saw at least USD 1.30 cut taking the rate to USD 11.58 per ounce.
In the ongoing year, international investors have lost at least USD 5,000 billion after China decreased value of its Yuan.
