image
image
image
 
 
 

 

You are here:  Home   |   Business   |   KSE ends 10-month low on Karachi security situation

 

Sunday 19, May 2013

 
 
 

 

KSE ends 10-month low on Karachi security situation

By: Reuters, Uploaded: 23rd August 2011



The Karachi Stock Exchange (KSE) ended at a near 10-month low and closed an hour and a half earlier than planned following the deteriorating security situation in the city.

Since August 17, nearly 100 people have been killed in Karachi in violence that has intensified in recent months, police officials said.

The KSE benchmark 100-share index closed 0.48 percent, or 51.89 points, lower at 10,842.26, its lowest close since Nov. 4, 2010.

Volume was at 22.40 million shares, compared with 35.73 million shares traded on Monday.

“Strike call by major political party to mourn rising violence and concerns for security situation in the city affected the sentiment in the market today and attendance was thin,” said Ahsan Mehanti, director at Arif Habib Investments Ltd.

The call comes just days after leading business groups demanded the army be deployed in an attempt to quell the violence.

For Aaj News updates, follow us on Twitter or join us on Facebook

Story first published: 23rd August 2011




 
 
image

 
 


 

 






 
 

This material may not be published, broadcast, rewritten, redistributed or derived from. Unless otherwise stated, all content is copyrighted © Copyright 2013 AAJ NEWS. All rights reserved.