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Home Karachi

Imran’s march on Red Zone: KSE sheds 222 points

byCustoms Today Report
19/08/2014
in Karachi, Latest News, Stock Exchange
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KARACHI: The prevailing political turmoil continued to take toll on all sorts of economic activities across the country as stocks saw a huge fall as Karachi Stock Exchange-100 Index declined by more than 222.03 points and reached the level of 28,630 in today trading session.
Analysts reflected that if the current political scenario prevailed, the situation in 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.

Tags: 300 pointscivil disobedienceCustoms Todaydeclinedeconomic activitiesfederal capitalgeneral electionsImran KhanKarachi RegionKarachi Stock Exchange-100 Indexlow volumenewsPakistan Awami Tehreek PATPakistan Tehreek-e-Insaf (PTI)people’s parliamentpolitical scenariopolitical turmoilPrime Minister Nawaz SharifRed ZoneresignationriggingstocksTahirul Qadritrading sessionuncertain

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