KSE off 3.6pc on worsening US ties

KARACHI: Karachi Stocks Exchange (KSE) fell 3.6 percent in early trade on Monday following worsening relations between Islamabad and Washington, dealers said.

The KSE benchmark 100-share index fell 3.6 percent or 418.40 points to end at 11,188.46 on turnover of 28.27 million shares by 10:39 a.m. (0540 GMT).

"It's a combination of the worsening relations between Pakistan and the US along with the global sell-off in the equity and commodity markets, but more so due to the first reason," said Mohammed Sohail, chief executive at Topline Securities Ltd.