KSE-100 index plummets by more than 300 points
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KARACHI: Pakistani stocks saw a huge fall on Tuesday as Karachi Stock Exchange-100 Index declined by more than 300 points and reached the level of 28,500 in the morning trading session, DawnNews reported.
Analysts reflected that if the current political scenario prevailed then the situation of stocks would also remain uncertain in future.
The low volume showed the lack of interest on the part of investors as only an investment of Rs20 million took place.
Today's decline comes as Imran Khan has announced that he will march into the Red Zone and Tahirul Qadri has called for the holding of a people’s parliament in the federal capital.
The two groups are protesting against the alleged rigging in the 2013 general elections and have called for the resignation of Prime Minister Nawaz Sharif.
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Comments (15) Closed
Aug 19, 2014 11:08am
Pretty sure nawaz would like a taste of this stock exchange decline.
About time pakistanis decide if they want to live freely or polish the shoes of nawaz now and later on his idiotic kids. Peace for pakistan!
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Aug 19, 2014 11:20am
Go on Imran! This is the only way these corrupt politicians understand. Even you were standing alone in the march you have one diehard follower to always be with you. I would feel proud to die rather continue to live in disparity under such corrupt system and curse the system every day.
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Aug 19, 2014 11:22am
Dont worry about stocks we have to save the whole country from plummeting by pmln
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Aug 19, 2014 11:37am
PTI Zindabad.
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Aug 19, 2014 11:43am
Who cares. Stocks do not effect a common man. Brace for a stock market crash. inshallah.
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Aug 19, 2014 12:00pm
Thanks Imran Khan and Dr. TuQ for destroying Pakistan's economy
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Aug 19, 2014 12:07pm
God bless Imran
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Aug 19, 2014 12:10pm
@Saad Zafar Stock markets do not reflect the countries economy. Anyway the figures are all fake like the present and pass government.
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Aug 19, 2014 12:12pm
Why is the stock market taking him so seriously?He, like our Arvind Kejriwal will go home when he is misses food/sleep.
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Aug 19, 2014 12:14pm
@Syed Many common men and women from the middle class have their provident funds and investments tied up in the stock market. We're not all JS or AKD. That being said, this won't result in a stock market crash...rather it has created a great buying opportunity for investment into the nation's capital market.
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Aug 19, 2014 12:51pm
@Syed Are you from Pakistan? Did you seriously wish stock market crash? Man, Please learn the basic rules of economics. Stock markets are not gambling places.
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Aug 19, 2014 01:04pm
@Saad Zafar , Yes Imran Khan and Qadri both are costing Destroying Pakistan Economy and Mr. Nawaz Sharif Is building Pakistan Economy by stealing our money and buying property outside Pakistan. He is doing a great job and will continue doing so till people like us keep on sitting at home and fearing with his power. We only think about our self because I am happy and having good salary and job and also can send my children abroad for studies so no problem, But my friend think about others, specially middle class or poor. Please think "OUT OF THE BOX".
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Aug 19, 2014 01:25pm
I think IK sahib has done big mistake . . his political career is in now danger . . everyone can understand that what is right and wrong . he have not tried even once to put his demand meet through parliamnet or through political way
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Aug 19, 2014 02:10pm
No a good sign for our sagging economy.
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Aug 20, 2014 12:15am
For those who had no chance before in trading stocks can get ready to invest in near future as market will decline badly and that's the right time to buy stocks!!!!
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