KARACHI (Reuters) – Pakistan’s benchmark share index slumped 5% on Monday following the tumble in global markets.
A 45-minute market halt was triggered following the slump.
The benchmark index rose last week after Pakistan slashed energy tariffs for domestic and industrial users, despite global markets plunging following the U.S. decision to place new tariffs on trade with countries.
(Reporting by Ariba Shahid in Karachi; Editing by Muralikumar Anantharaman)
