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Reading: Stocks continue free fall amidst political deadlock
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PhotoNews Pakistan > Business > Stocks continue free fall amidst political deadlock
Business

Stocks continue free fall amidst political deadlock

Web Desk
By Web Desk Published September 2, 2014 1 Min Read
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Stocks drifted lower on the opening day of the week with the KSE-100 index closing down by 74.00 points at 28,493.74.

The optimism fuelled by the Army acting as facilitator in the stand-off between the two political parties and the government died down over the week-end.

Islamabad saw escalation of protests that turned violent for the first time after a confrontation between the police and the protesters.

Investors were disturbed by the gory images on TV channels and wondered where all of that would lead to? Yet, the market showed its resilience as the index quickly rebounded after an initial drop by 388 points to intra-day low.

Foreign investors, who had supported the market with net purchases of $10.71 million worth stocks on Friday, were net sellers of shares valued at $0.56m on Monday.

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