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

PM orders judicial probe into attack on Hamid Mir

The government also announced a reward of Rs10 million for any information leading to the arrest of culprits.

UN officials confirm staff members go missing in Pakistan

Two local employees working for the Unicef were suspected to have been kidnapped from Karachi.

Punjab govt accused of being soft on militants

Senior officials say the govt has been “sleeping over” regular intelligence reports on militants' presence in Punjab.

Slain ANP leader’s house attacked; Police foil terror bid

Unknown gunmen attacked the house of the late Mian Mushtaq late last night and abducted three of his relatives.


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