KSE crashes down after Altaf’s arrest news
KARACHI: Karachi Stock Exchange (KSE) crashed down by 780 points after the news of Muttahida Qaumi Movement (MQM) Chief Altaf Hussain’s arrest in London spread in the city, ARY News reports.
According to the analysts, this is the worst crash that has hit the stock market in recent past in Karachi.
Traders went into a state of panic and were seen selling shares in the stock market. The market went to a record low due to excessive selling.