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22 April 2024

Pakistani stock markets tumble amid political uncertainty, fears of violence



Pakistani stocks tumbled in early trading Monday as an uncertain political outlook and widespread violence after the assassination of opposition leader Benazir Bhutto hit investor sentiment and triggered a selling spree.
Soon after opening, the benchmark Karachi Stock Exchange's 100-share index had plunged by 4.4 per cent - one of its biggest ever single day falls.
Financial markets reopened Monday after a break of three days following the killing of Bhutto. (AP)