kse down 1419 points at closing

KARACHI: Following Asian stock market trend, Karachi Stock Exchange (KSE) shed over 1,419 points at the closing of Monday’s trading.With over 1,400 points down, the KSE-100 index was recorded at 33,100.The KSE witnessed a three month low and market capitalisation suffered a loss of almost Rs270 billion. Out of 100 companies, 81 have hit 5 per cent lower lock. Biggest markets of Asia including Hong Kong, China and Japan also plummeted on Monday.The fall in the Asian markets will likely to hit world stocks.