KSE 100 index plunges by 550 points

The Karachi Stock Exchange (KSE) 100 shares index Tuesday fell by 550 points in the wake of Supreme Court’s (SC) orders to arrest Prime Minister Raja Pervez Ashraf and Tehrik Minhajul Quran chief Dr Tahirul Qadri’s speech in Islamabad. The SC ruling was followed by show of force by PPP workers in Karachi who resorted to aerial firing in the metropolis.
The investor confidence plummeted amid deteriorating law and order of the country as many traders of KESC speculated a bearish future.