The LSE Stock-Shock

Karachi Stock Exchange (KSE 100) nose-dived on the first trading day under Emergency rule this Monday while registering a record fall of 635 points. However, the market regained some ground on Tuesday by jumping up 146.87 points to close at 13,426.1

Trading situation at the country’s second biggest bourse, the Lahore Stock Exchange (LSE 25), was not much different. After starting the week by joining KSE in the free-fall and shedding a hefty 225 points to close at 4398.1 down from a previous mark of 4625.19 points , the market bounced back on Tuesday and recovered 39 points.

The overall effect of emergency on economy, FDI and the stocks is definitely negative and can be devastative in case the US cuts aid, or puts any trade restrictions on Pakistan.

Shaukat Aziz and his President’s government has successfully backrolled even the little good that they had done in Pakistan’s favour during the previous 5 years.

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