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Article: STOCKS - KARACHI SHARES END OFF LOWS - JULY 17, 2008.
- Article from:
- AsiaPulse News
- Article date:
- July 21, 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 17 Asia Pulse - The KSE 100-share index at one stage on Thursday appeared to be heading to breach through its base barrier of 10,000 points on renewed selling triggered by reports that Nato forces had hit targets inside Pakistan, but late buying in some leading oil shares averted an imminent threat.
At one stage it was down by 446 points at 10,045.43, leading to a strong protest by the brokers and investors against the KSE high-ups urging them to take some corrective steps to check the market's unprecedented fall followed by a brief interruption in trading.
The close was, however, well above the session's low at 10,212.92, off 278.96 points ...