Judges restoration issue continues to haunt stock market

KARACHI - Investors in Karachi stock exchange were on a roller coaster throughout the outgoing week, as their moods dictated by the developments on political front. Karachi stock market started off the outgoing week with a positive momentum and the KSE-100 index appreciated by 660 points in the first two days of the outgoing week in view of settling of political uncertainty after the resignation of President Musharraf on Monday.

However, the fate of deposed judges emerged as an outstanding issue and the coalition partners were once again seem divided on how it should be resolved. This uncertainty again negatively affected the sentiments of investors that resulted KSE-index plunged by 2.6 per cent on weekly basis and closed at 9.994 points.