Source: AFP
A number of people have been injured when hundreds of angry investors in Pakistan staged violent protests at the country’s main stock exchange in Karachi. Share values have been sliding for two weeks amidst growing economic and political uncertainty in the country. More than 200 small investors gathered in the main hall of the Karachi Stock Exchange alarmed by falling stock prices for the 14th day in a row. They demanded a temporary halt to trading. When this was denied some protesters went on a rampage smashing windows and lights until they were dispersed by police. There has been a slump in investor confidence amid doubts that Pakistan’s newly elected Government can deal with economic challenges like runaway inflation and wide trade and budget deficits. The authorities have inherited much of the problem from the previous government. That has been compounded by high world oil and food prices.
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July 17th, 2008 at 11:21 am
[…] NanoTechnicalNews wrote an interesting post today onHere’s a quick excerptSource: AFP A number of people have been injured when hundreds of angry investors in Pakistan staged violent protests at the country’s main stock exchange in Karachi. Share values have been… [[ This is a content summary only. Visit my website for full links, other content, and more! ]] […]