KSE plunges by more than 2,600 points

Karachi: After a day of bullishness on the Pakistan Stock Exchange, the index lost 113,000 points due to a sharp decline.

A negative trend was seen at the start of trading on the third day of the business week, with a decline of more than 2,600 points. The Pakistan Stock Market Hundred Index fell to 112,891 points.

It is pertinent to note that at the end of the previous business day, the Pakistan Stock Exchange 100 Index closed at 115,532 points with an increase of 622 points.

On the other hand, the value of the US currency decreased by Rs0.13 in the interbank market falling from Rs280.73 to Rs280.60.