News Column

KSE index tumbles 2 pc on signs of political instability

August 4, 2014

The Karachi shares prices tumbled almost 2 percent Monday as investors are worried over growing political instability in the country.

In the early morning trade, the benchmark Karachi Stock Exchange?s 100-share was trading at 29,724.83, down 1.94 percent, or 589.24 points. Around 63 million shares changed hands at 1041 hours.

Dealers said that investors are nervous over growing signs of political instability ahead of planned Azadi march on August 14 by Imran Khan-led Pakistan Tehreek-e-Insaf.

The political developments in coming days will weigh on the market outlook, they added.

Late last month, the KSE-100 index hit an all-time high of 30,000 points on optimism that the economy will revive.

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Source: Daily Messenger (Pakistan)

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