Equity Investors Likely To Remain On Edge

May 2008 | Market Strategy

The Pakistani stock market remains highly wobbly, with our 11,500 downside target not too far away (see chart). The Karachi-100 stock index is down over 5% this week alone and nearly 22% since this year's zenith on April 21. The sell-off in recent days appears to have been fairly indiscriminate, although a number of larger banks and insurance companies have seen their share prices plummet more markedly.

If you would like to subscribe to Emerging Markets Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Emerging Markets Monitor please click on the trial link below.