| GEO Business|
| KSE bubbled buoyancy bursts, as index crash by 331 points|
| Updated at: 1105 PST, Wednesday, August 20, 2008|
KARACHI: Karachi Stock Exchange (KSE) last two days’ upbeat proved short-lived, as the KSE-100 index today within a brief one hour of trading was seen nose-dived by 331 points to 10587 points.
Market pundits told that KSE, following the suit of the general celebrations on Musharraf’s resignation by the terrorists, the media and the parties in the ruling alliance, remained euphoric for the last two days gaining over substantial 660 points, today at the very onset of trading went crashing by 331 points to peg at 10587 until the filing of this report.
Analysts said that the conglomeration of parties with diversified agenda ganged up for the ouster of Musharraf, soon seemed felling apart, which poured cold water on the high spirits of the investors, who aping the so-called intelligentsia, had gone on jolly good trading.