KARACHI: The Karachi Stock Exchange on Friday opened with a positive trend and added 48 points or 0.16 percent to overnight closing of 30094 to reach 30142.19 points amid flurry of political developments in early trading.
The market remained fluctuating, depicting the prevailing uncertainty across different spheres.
The Karachi Stock Exchange benchmark KSE-100 index fell 0.14% or 42.41 points to end at 30,094.16 points on Thursday.
On the other, the opposition political jirga tested the government’s flexibility by proposing that Prime Minister Nawaz Sharif should announce in advance that he would quit if a judicial commission proves ‘systematic rigging’ in the May 2013 elections.
“The prime minister may state that he will resign from office if systematic rigging is proved and if it is established that he became the prime minister as a result of such rigging following an inquiry by the proposed judicial commission,” read a four-page letter that the jirga sent to Prime Minister Nawaz Sharif, PTI Chief Imran Khan and the PAT Chief Dr Tahirul Qadri.
The jirga is currently mediating talks between the government and Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) to end the weeks-long stalemate that has affected the country’s economy adversely.
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