Karachi Stock Exchange Managing Director Nadeem Naqvi on Wednesday expressed reservations over a recent statement of Interior Minister Rehman Malik in which he said that there is possibility of increase in terrorists’ activities in the city from next month.
“Such statements will shake the confidence of investors,” Naqvi said while talking to media persons after a meeting with the Pakistani Society of the United Kingdom Chairman Black Barren.
Naqvi said that the interior minister’s statement regarding the start of a new reign of bloodshed and more terrorism in Karachi during February, had greatly affected the stock market.
He further said that the market had seen little trade activities since the minister’s statement and was having a negative impact on the market, adding that the creation of an enabling investment climate was the responsibility of the government. Last week, the Karachi stock exchange’s benchmark 100-share closed above the historic level of 17,000 points as investors’ sentiment was buoyed over ease in political tensions in the country, he informed.
