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1300 points drop

Benchmark 100 index goes down by 1300 points in initial trading

KARACHI: The Pakistan Stock Exchange (PSX) opened on Monday with nosedive in benchmark KSE-100 index, which went down by 1,300 points in the intraday trading. The PSX with opening of trading today at 40,496 points, dropped to 39,187 points within an hour. The drop in the stock exchange on the first day of the new week happened on the back of the announcement of the monetary police by the State Bank of Pakistan (SBP) apart of a persistent fall of the value of Pakistani rupee. The new government of Prime Minister…