THE KSE 100 index further declined by 53 points on Aug 30 and closed at 22,160. The market has been declining for the last two weeks, but if we look at its last three months performance, it is unbelievable and superb.
Before May 11 elections, the market stood at 19,000 points, but as the elections wound up, it started an upward rally and crossed the 23,000 mark, the highest ever, till August. It means that investors welcomed the Nawaz Sharif’s government warmly. However, the market is again declining bit by bit due to Karachi’s current law and order situation and the expected US attack on Syria. So, the government must take bold steps in this regard and must fulfil its commitment to solve the circular debt issue and energy crises.
Moreover, Karachi’s law and order situation should be the foremost priority of the government.