Intensities of political noise notched up further as SC ordered arrest of PM in rental power plant corruption case and add names of all the alleged to the exit control list (ECL). Timing of the decision is a point in consideration with long march in progress at the capital led by Dr. Qadri who was able to gather the masses. Local bourse was blanketed in red as the news sent jitters through already unnerved investors. KSE100 index shed 525 points (3.2%) as volumes jumped to 239mn shares
On Tuesday, KSE100 index was heavily traded with 239.425mln traded shares; KSE‐100 Index dropped to as low as 16047.96. However brief recovery was witnessed in the last minutes as attractive valuations drew investor’s interest and Index regained slightly and closed the day at 16107.89.