Times of Islamabad

KSE 100 index suffers one of the biggest single day loss of the year in intra day trading

KSE 100 index suffers one of the biggest single day loss of the year in intra day trading

KARACHI – KSE-100 Index suffered one of the biggest single day loss duringthe intra day trading.

KSE 100 index dipped over 1,300 points during intra-day trading on Monday.

KSE-100, the benchmark index of the Pakistan Stock Exchange was down 1,324points or 3.38% to 37,901.54 points at 2:25pm.

Financial experts said the volatility in the market was due to reports ofthe government approaching the International Monetary Fund (IMF) for abailout package.

They added that meeting IMF targets would lead to inflation in the country.