Trader at Karachi Stock Exchange — File Photo
Trader at Karachi Stock Exchange — File Photo

KARACHI: Pakistani stocks plummeted more than 500 points on Tuesday as the Karachi Stock Exchange witnessed a flurry of selling in the wake of fresh political uncertainty in the country.

The benchmark Karachi Stock Exchange 100-index fell 3.16 per cent, closing 525.29 points lower at 16,107.89, compared to Monday’s closing of 16,633.18 points. A total volume of 170.14 million shares were traded Tuesday.

Pakistan’s Supreme Court ordered the arrest of 16 accused, including Prime Minister Raja Pervez Ashraf, on Tuesday, while firebrand cleric Tahirul Qadri led tens of thousands of protestors into Islamabad, demanding the assemblies be dissolved and the government step down immediately.

More From This Section

SC declares appointment of NAB chief legal

The court has disposed of PTI chief Imran Khan's petition against appointment of Qamar Zaman Chaudhry as chairman NAB.

Nawaz vows to spend $1.6bn on Balochistan development

Addressing the cabinet meeting in Islamabad, the prime minister said that he himself will monitor these projects.

Police arrest six suspected LJ militants

Police said the suspects are responsible for killing 16 people over the last two years and for four attempted murders.

Khawaja Asif takes U-turn, calls Pakistan Army an asset

The defence minister called his past statements a mistake and insisted that those were made in a difference context.


Comments are closed.
Explore: Indian elections 2014
Explore: Indian elections 2014
How much do you know about Indian Elections?
How much do you know about Indian Elections?
Poll
From The Newspaper
Tweets