British Broadcasting Corporation


Page last updated at 14:10 GMT, Friday, 18 July 2008 15:10 UK

Pakistan shares end 15-day slump

Protesters at Karachi Stock Exchange, 17 July 2008
There was an emergency session after Thursday's protests

Pakistan's main share index closed slightly higher on Friday, breaking a run of 15 consecutive days of falls.

It followed Thursday's emergency late session at which brokers bought 4.5bn rupees ($64m; £32m) of shares from investors desperate to exit the market.

There had been violent protests earlier on Thursday from angry investors who smashed stock exchange windows while calling for a temporary trading halt.

The KSE 100 share index ended Friday up 21.8 points, or 0.2%, at 10,234.78.

Pakistani shares have been falling steadily since the new government came to power three months ago.

Investors are concerned about whether the government will be able cope with the country's inflation, or its trade and budget deficits.

The KSE 100 index has fallen 12.5% this week and is down 35% from its record high reached in April this year.




SEE ALSO
Protest over Pakistan share slump
17 Jul 08 |  South Asia
Pakistan acts to stem share fall
24 Jun 08 |  Business
Pakistan's economic woes worsen
29 May 08 |  South Asia
Karachi shares fall on rate rise
23 May 08 |  Business
Pakistan's government in turmoil
13 May 08 |  South Asia
Price of Pakistan's economic woes
14 Apr 08 |  South Asia

RELATED INTERNET LINKS
The BBC is not responsible for the content of external internet sites


FEATURES, VIEWS, ANALYSIS
Mumbai hotel manager on impact of attacks
Striking images from around the world
Residents' view as emirate seeks debt repayment delay

PRODUCTS & SERVICES

Explore the BBC

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.
Americas Africa Europe Middle East South Asia Asia Pacific