Judges deadlock invites heavy selling

LAHORE - The equity market on Wednesday, reacting to the deadlock in talks among the coalition partners over the restoration of judges’ issue, witnessed a heavy selling pressure with the KSE-100 index losing 393 points to close at 10,525.98 level.

Dealers said that leaders of the coalition govt failed to resolve the differences on restoration of judiciary on Nov 2 position. They said that the market took the news as a threat to the coalition and fearing political uncertainty opted to book the available margins. Selling emanating from all quarters pushed the market down and it closed on a very weak note.