Tag Archives: plunges over 800 points

The Pakistan Stock Exchange’s benchmark KSE-100 index plunged over 800 points on Monday, with the slump being attributed to the central bank’s surprise move to hike the policy rate by 100 basis points on Friday evening. The index saw a sharp slump right after the opening bell, dropping more than 600 points to 42,282.48 in the first 30 minutes of trading. It …

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