Investors Protest As Bearish Trend Prevails In KSE

Thursday, July 17, 2008 at 3:11 pm

KARACHI: Wiped out by the stock market crash, angry protestors break windows and damage banks and brokerage houses as stock prices hit ever new lows and the Karachi Stock Exchange (KSE) -100 loses 435.29 points and trading at 10056. 59 today.

The market is under severe bearish clutch for the fourth day of the trading week in a row.

The Benchmark 100-index has sunk to the lowest in seven years as it reached to 10,100 points.

Analysts attributed this ongoing slump to the foreign investors’ sudden siphoning off their funds from the market due unstable political and law and order situation in the country.

Meanwhile, MD secretariat has been closed in Karachi Stock Exchange whereas investors demanded save exit and closure of market for few days.