*KARACHI: **Pakistan Stock Exchange goes crashing and hits 38 months low.*
The Pakistan stock market came under massive selling pressure, as itdropped over 780 points to a 38-month low of 32,385 in intra-day trading onMonday.
Market analysts said investors extended selling on expectation for keyinterest rate hike by 100-200 basis points on Monday.
The government is set to aggressively increase interest rate under the IMFloan programme.
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This would be another blow to the the stock market following massive rupeedepreciation that happened last week.
