By Xinhua,
Islamabad : A number of investors staged protests in southern Pakistan’s Karachi as the Karachi Stock Exchange (KSE)-100 index closed at 10,213 after falling 279 points on Thursday.
The market is under severe bearish clutch for the fourth day of the trading week in a row. The Benchmark KSE-100 index has sunk to the lowest in seven years as it reached to 10,213 points, the private Geo TV reported.
Wiped out by the stock market crash, angry protestors broke windows and damaged banks and brokerage houses in bourses, said the TV channel.
Analysts said the ongoing slump was because of foreign investors’ sudden siphoning off their funds from the market due to unstable political and economic situations in the country.
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