Karachi Stock Exchange trading overshadowed by border security concerns
2008-07-15 15:30:09 (GMT) (Caymanmama.com - Pakistan News News)Karachi, Pakistan (CaymanMama.com) — The Karachi Stock Exchange witnessed yet another dull trading day where foreign investors were seen selling their holdings. The selling was triggered by the news of the Afghan lawmakers allegation of the involvement of Pakistani intelligence agencies in the bombing of the Indian Embassy. The index rose for some time during the day’s trading but was weakened by the news that NATO forces were approaching the Pakistani border in search of insurgents.
The other reasons cited for the fall in the KSE index was the widening gap in the current account deficit, inflation and trade deficits.
The fall of 217.44 points was witnessed during the days trading session. The Index hit the 16 months low at 10, 959.87, that is 1.95 %. The shares trading volume was 122.36 shares.
CaymanMama.com - Press Release Distribution Service
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