Karachi: The Karachi Stock Exchange (KSE) started with 16633.1 points today in the morning and closed with a fall of about 500 points at 16107.89. The points kept on falling today and one of the reasons was the Tehrik-i-Minhajul Quran (TMQ) leader Tahir ul-Qadri long march.
The other reason which lowered the KSE points was the Supreme Court orders given to arrest the Prime Minister Raja Pervez Ashraf which caused an instant fall of about 500 points within an hour from 2:00 PM to 3:00 PM. KSE reached the lowest point at 16049.8 but after few minutes start rising and closed at 16107.89 at 4:00 PM.
It is expected that on Wednesday KSE may be lowered further as the country’s facing crisis which is affecting KSE. One of the broker at KSE while talking with our reporter said that there is uncertainty in the market therefore I will be staying at home instead of coming to KSE.
By Umar Bakhtiar