Financial Times FT.com

Karachi sees day of no trades

By Farhan Bokhari in Islamabad

Published: November 12 2008 02:00 | Last updated: November 12 2008 02:00

No transactions took place for the first time on Pakistan’s stock market on Tuesday as trading ground to a halt in a sign of worsening business confidence and growing uncertainty.

The KSE-100 index of the Karachi Stock Exchange ended the day unchanged at 9,183.14 points, just above the artificial floor of 9,144 established in August to prevent the index from falling further – trading would be automatically suspended at that level.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this