Economy / Pakistan
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.
Politics Will Continue To Dictate Market Fortunes
August 2008 | Market StrategySorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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.
The Pakistani financial markets have displayed a wide emotional register this week, with a brief burst of hope following former President Pervez Musharraf's resignation on Monday and then a backslide to pessimism towards the end of the week, chiefly as there were no signs that the coalition deadlock was easing. The Karachi Stock Exchange-100 Index, which rallied as far as 11,061.45 on Tuesday, has subsequently slid below the weekly start at 10,264.71 to close at 9,993.81 (2.6% down on the week).