The Pakistan Stock Exchange has commenced the week deep in the red, with the benchmark KSE-100 Index plunging 1,900 points during intraday trading.

The benchmark had plunged 3.8 per cent to touch the day's low at 47,620 points during the trading session. It was a one-way street, as the market's open at 49,527 remained the day's high till the filing of this report.

The KSE-100 index had lost 431 points to close at 49,527 during the last session.

The index was expected to test support at 49,502 but failed to do so. The next target was supposed to be 48,583, extendable to 47,492, according to a report of the JS Global.

Acute panic among investors over the uncertainty surrounding the outcome of the joint interrogation team's report regarding the prime minister's business dealings abroad, triggered a reaction amidst the negativity prevalent in the market, analyst Ahsan Mehnati said while commenting on the situation.