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.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

‘Source of terror’
Updated 29 Mar, 2024

‘Source of terror’

It is clear that going after militant groups inside Afghanistan unilaterally presents its own set of difficulties.
Chipping in
29 Mar, 2024

Chipping in

FEDERAL infrastructure development schemes are located in the provinces. Most such projects — for instance,...
Toxic emitters
29 Mar, 2024

Toxic emitters

IT is concerning to note that dozens of industries have been violating environmental laws in and around Islamabad....
Judiciary’s SOS
Updated 28 Mar, 2024

Judiciary’s SOS

The ball is now in CJP Isa’s court, and he will feel pressure to take action.
Data protection
28 Mar, 2024

Data protection

WHAT do we want? Data protection laws. When do we want them? Immediately. Without delay, if we are to prevent ...
Selling humans
28 Mar, 2024

Selling humans

HUMAN traders feed off economic distress; they peddle promises of a better life to the impoverished who, mired in...