CNews KARACHI: Karachi Stock Exchange on Thursday remained bearish on the sixteenth consecutive day of its ongoing trend as its 100-index bled away by over 400 points.However, at the end of the trading market got a slight positive trend and its benchmark 100-index closed at 10213 points loosing a total of 279 points.
It was the lowest of 100-index in seven years. Analysts attributed this ongoing slump to the foreign investors’ sudden siphoning off their funds from the market due unstable political and law and order situation in the country.
Meanwhile, the small investors and brokers on Thursday staged violent demonstration at Karachi Stock Exchange against continued bearish trend in the market.
Investors smash the glasses of the administration block of KSE, while few protesters also barged into the cabin floor. At least six people were injured during the protest who were immediately rushed to the nearby hospital.
Police and Rangers rushed to the KSE on call of administration and cordoned off the building.
According to eyewitnesses, protesters turned violent when the guards deployed at KSE forcibly asked the mediamen to stop covering the protest.
The protesters were angry over government’s negligence towards continuous decline in the market which caused loss of billions of rupees to small investors. They asked government to take immediate action in this regard.
Meanwhile, small investors in Lahore also staged a protest demonstration beside Lahore Stock Exchange.
