KARACHI: The Karachi Stock Exchange benchmark KSE-100 started the week on a positive note and went up 34 points or 0.11 percent to reach 30049.91 points amid floods devastation and deepening political impasse in early trading on Monday.
The KSE-100 opened at the week-end closing and started upward march.
Investors thought are cautious to play safe and opt to square their positions as uncertainty over the political situation and the SBP Monetary Policy prevailed.
On the political front, Pakistan Tehreek-i-Insaf Chairman Imran Khan reiterated that he will continue his movement till the resignation of Prime Minister Nawaz Sharif.
Mr Khan addressed a mammoth public meeting outside the Quaid-i-Azam’s mausoleum. Amid the slogan of ‘Go Nawaz Go’, the cricketer-turned-politician repeated for the umpteenth time that the prime minister would have to resign because neither Saudi Arabia nor ‘Gullu Butt’ could save him. “Time has come for the two parties taking turns to go…Nawaz Sharif, you will have to go,” he said.
Mr Khan said he had come to Karachi to unite its people divided on ethnic lines. “We want to make a new Pakistan to end injustices, where those who commit crimes and are involved in target killings will be taken to task.”
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