KARACHI: The prevailing political turmoil continued to take toll on all sorts of economic activities across the country as stocks saw a huge fall as Karachi Stock Exchange-100 Index declined by more than 222.03 points and reached the level of 28,630 in today trading session.
Analysts reflected that if the current political scenario prevailed, the situation in stocks would also remain uncertain in future.
The low volume showed the lack of interest on the part of investors as only an investment of Rs20 million took place.
Today’s decline comes as Imran Khan has announced that he will march into the Red Zone and Tahirul Qadri has called for the holding of a people’s parliament in the federal capital.
The two groups are protesting against the alleged rigging in the 2013 general elections and have called for the resignation of Prime Minister Nawaz Sharif.
Saudi Arabia inches closer to $1b Reko Diq deal
KARACHI: Saudi Arabia is inching closer to sign a deal for a minority stake in Barrick Gold’s Reko Diq copper...