Karachi Stock Exchange has seen a sharp decline in points as KSE 100 index dropped by more than 1,300 points.
KSE 100 index, benchmark of Pakistan Stock Exchange (PSX), declined by 1,324 points. However, it decreased by 3.38% and reached to 37,901.54 points during the intra-day trading today.
According to financial experts, the volatility in the market is due to the speculations in the market. However, there are rumors in the stock market that the government is approaching to International Monetary Fund or IMF for the bailout.
According to the market analysts, IMF bailout and meeting IMF targets will lead to the great inflation in Pakistan.
Earlier, IMF called for increase in power, gas prices in Pakistan. However, they issued a statement about this matter. The country is facing such different economic situation, with high current account and fiscal deficits and lowering of international reserves.