The dollar rate has risen by Rs5.16 to Rs290 in the interbank.

The benchmark KSE-100 Index saw a sharp fall of 500 points at around 2:30 pm after PTI chairman Imran Khan’s arrest on Tuesday.

Experts attributed the sudden decline to the arrest of the former prime minister.

At around 2:40 pm, the benchmark index was being traded at 41,358.37, a decrease of 471.12 points or 1.13%. The KSE-100 Index settled at 41,373.81 level, a decrease of 455.68 points or 1.09% at close on Tuesday.