Equity And FX Onslaught Not Over Yet

July 2008 | Market Strategy

Yesterday's ruckus outside of the Karachi Stock Exchange (KSE) saw hundreds of disgruntled investors smash windows and demand a seizure of trading due to the sharp declines of stock prices of late. The protests were a culmination of the nervousness that has been gripping equity investors of late, and highlight the potential political ramifications of a volatile stock market. Indeed, Pakistani stocks remain under considerable bear pressure, as reflected in the 10% drop of the benchmark Karachi-100 index this week.

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