KARACHI: The Karachi Stock Exchange (KSE) on Monday fell, as the country plunged into fresh political crisis after Muttahida Qaumi Movement (MQM) quit the coalition government and joined the opposition in the parliament.
The MQM departure from the federal government deprived the government of a majority in the parliament, resultantly plunging the country into a new political crisis that may lead to early elections.
The Karachi Stock Exchange’s benchmark 100-share index was down 1.6 percent at 11,833.68 points, on turnover of 16.1 million shares, at the start of trading session on Monday.
“There is nervousness in the market and foreign investors are closely watching what direction the economy and politics will take now,” said Khalid Iqbal Siddiqui, director at Invest & Finance Securities Ltd.‑ By Staff Writer
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