Karachi Stock Exchange sinks to 18 month low
2008-07-16 14:16:17 (GMT) (Caymanmama.com - Pakistan News News)Karachi, Pakistan (CaymanMama.com) – The bears continue to rule the Karachi Stock Exchange. The market bled 400 points as foreign investors continued to siphon out their investments. The market hit an 18 month low with the KSE-100 index staggering at 10,529.11 points.
With insecure border position, national leaders stayed away from the country for reasons of their own with an apparent lack of interest of the governors of the state in the volatile economic and market conditions, the traders and investors feel themselves in an insecure corner.
Today, the market retained its downward trend for the third day in a row where stock exchange crashed by 400 points in one and half hours of trading.
CaymanMama.com - Press Release Distribution Service
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