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Stock market crumbles down by 620 pts after USA blacklists Pakistan

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December 12, 2018 (MLN): The KSE 100 index has been crumbling down in today’s trading session, especially after the United States added Pakistan to its blacklist of countries for violating religious freedom and ramping up pressure over its treatment of minorities.

The index has started on a significantly adverse note by losing around 621 points during the initial hours of the day, and is currently trading at 38,229 points

Commercial banks, Fertilizer, Cement and Oil & Gas Exploration Companies have emerged as the top net losers as they have swiped away around 310 points from the index so far.

Likewise, the broader KSE All Share has lost 483 points and is currently trading at 28,067 points.

Over 71 million shares of the scrips listed within the broader KSE All Share Index have been traded so far, with its value recorded at Rs. 3.6 billion.

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Posted on: 2018-12-12T12:03:00+05:00

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