KSE 100-Index sheds 450 points

KARACHI: The Karachi Stock Exchange's (KSE) benchmark 100-Index experienced fall down impact of 450 points Monday, Geo News reported.

According to sources, shares at 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, the economists and experts are of the view that because of the volatility in Pakistan and US relationships, the investors are reluctant in trading which has resulted in the sale of scripts.

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.