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Article: STOCKS - KARACHI SHARES END SHARPLY LOWER - JULY 16, 2008.
- Article from:
- AsiaPulse News
- Article date:
- July 18, 2008
CopyrightCOPYRIGHT 2008 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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KARACHI, July 16 Asia Pulse - Karachi stocks on Wednesday again fell across the board on panic selling originating from the local and foreign investors triggered by reports of Nato troop build-up on the Pak Afghan border and fears of attack on the tribal areas.
The KSE 100-share index was off by another 468 points or 4.27 per cent at 10,491.88 eroding another Rs141 billion from the market capital from the peak of 15,674 points two months back. Its junior partner was quoted lower by 572.14 points at 11,844.56 or 4.61 per cent.
Despite official clarification that the Nato troops movements are of routine nature and there is no threat of a hot pursuit, ...