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KARACHI, Oct 11: Fear of political instability, as initial elections result shows, forced investors to resort to panic selling making the KSE index fall by 62 points at 2,037.
The unexpected initial election results were contrary to investors perceptions and general analysts prediction, which caused hasty selling amid fears of confrontation between the president and the new parliament and the consequent political turmoil.
Big losers were led by Shell Gas, Packages, Shell Pakistan, PSO, and Nestle MilkPak, which suffered fall ranging from Rs 4 to 6.75.
