KSE down 1,400 points at opening

KARACHI: Following Asian stock market trend, Karachi Stock Exchange (KSE) shed over 1,400 points at the opening of the week Monday.


With over 1,400 points down, the KSE-100 index was recorded at 33,027.

The KSE has witnessed a three month low and market capitalisation has suffered a loss of almost Rs300 billion. Out of 100 companies, 81 have hit 5 per cent lower lock.

Biggest markets of Asia including Hong Kong, China and Japan also plummeted on Monday.

The fall in the Asian markets will likely to hit world stocks.