KARACHI, May 26 (AFP) - Pakistani stock prices plunged 3.7 percent in intra-day trade Wednesday on the news of Indian air-strikes against suspected Moslem rebels in disputed Kashmir, dealers said. The Karachi Stock Exchange-100 index plummeted 51.93 points to 1,340.05 amid panic selling by investors, dealers said. The index had closed at 1,391.89 points on Tuesday. Dealer Osama Bin Shoaib said worried investors cashed out of stocks after news of the Indian aerial bombardment and a subsequent warning to Pakistan. Indian airforce planes launched strikes in the Kargil region of Kashmir, where New Delhi said some 400 Moslem guerrillas had sneaked in under cover of fire from Pakistan. Arch-rivals India and Pakistan, who dispute the ownership of Kashmir and have fought two of their three wars over the northern state, have been waging an artillery duel on the border since May 9. -=-=- 