| GEO Business|
| KSE nose-dives by 400 points|
| Updated at: 1229 PST, Wednesday, August 20, 2008|
KARACHI: Karachi Stock Exchange (KSE) crash situation seen at the onset of trading further aggravated, as the KSE-100 index until noon was seen reeling down by over 400 points and pegged at 10511.
While the tycoons and terrorists’ last two days of celebrations of Musharraf’s bowing out of office proved short-lived, KSE small investors, bookies and punters felt robbed off their hard earned savings, which they had on deceitful signal of the dawn of political stability, joined in the melee and made fresh purchases during the last two days.
Market pundits commenting on this emanating pathetic situation said that the duds of the ruling alliance failing to come up to the expectations of restoring the deposed judges and halting the military operations at Fata and Balochistan, KSE investors hopes and expectations burst like bubbles in the air evaporating over 400 points until the filing of this report.