KSE-100 fell 1,965 points on Monday after the KP emergency
The KSE-100 closed on Monday at 165,124.41, down 1,964.87 points, after President Zardari approved an emergency in Khyber Pakhtunkhwa on Sunday.
The KSE-100 closed at 165,124.41, down 1,964.87 points, or 1.18 percent, after an intraday fall of 1,920 points.
President Asif Ali Zardari on Sunday approved a federal cabinet recommendation to impose an emergency in PTI-ruled Khyber Pakhtunkhwa, where governor's rule was also imposed.
United Bank, Oil and Gas Development Company, Habib Bank, Meezan Bank and Lucky Cement together cut about 645 points from the index.
Volume rose 17.3 percent to 362.95 million shares and turnover rose 6.02 percent to Rs14.5 billion, still below 500 million shares.
Brent crude rose $2.07 to $106.79, while a staff-level IMF agreement that could release $1.2 billion did not lift shares.