Financial Times FT.com

Karachi battered by another day of falls

By Lindsay Whipp in Tokyo and Dave Shellock in London

Published: July 18 2008 03:00 | Last updated: July 18 2008 03:00

The crisis of confidence in Pakistan's stock market showed no sign of abating yesterday as a 15th successive day of losses triggered protests by investors.

The KSE 100 index fell a further 2.7 per cent to 10,212.92, its lowest close for 18 months. The benchmark has dropped 12.7 per cent this week and is now down 35 per cent from a record high struck in April.

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