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business
Monday Oct 08 2018
By
Web Desk

KSE-100 plunges over 1300 points

By
Web Desk

KARACHI: The stock market continued on its downward spiral as the KSE-100 dipped over 1,300 points during trading on Monday.

KSE-100, the benchmark index of the Pakistan Stock Exchange decreased by 1,328.06 points or 3.39% to 37,898.29 points.

Financial experts said the volatility in the market was due to reports of the government approaching the International Monetary Fund (IMF) for a bailout package. They added that meeting IMF targets would lead to inflation in the country.