Pakistan Stocks Tumble; KSE-100 Down 4.2%

Forex News: Pakistan stocks tumble on continued foreign selling after regulator lifted ban on short sales Friday; KSE-100 index down 4.2% at 18-month low of 10496.46 and has fallen nearly 1200 points, or 10.3%, since Friday close, including today. "There's no buying support and the index could fall further as fears persist the government may raise fuel prices in line with global crude oil prices," says dealer; adds, some in market concerned that central bank may raise rates at meeting later this month. Puts support near 10000 mark on buying support from government-owned funds. Banks lead fall: NIB Bank down 7% at PKR9, MCB Bank down 5% at PKR258.25; Oil and Gas Development down 4.9% at PKR106.95