kse 100 index sees sharp decline of over 1000 poi

KARACHI: Share prices witnessed a big drop at Karachi Stock Exchange (KSE) on Monday as the benchmark KSE-100 share index took a nosedive and plunged by 1023 points to peg at 32,502.According to market analysts, the capital market is witnessing a major decline in the wake of two developments. One is a notification of Securities and Exchange Commission of Pakistan (SECP) binding the consumers of security companies to submit a bi-weekly report.The second reason for the bearish spell is the suspension of gas supply to the fertilizers companies, they added.