Karachi Stock Exchange (KSE) Managing Director (MD) Nadeem Naqi on Wednesday expressed reservations over a recent statement of the Interior Minister Rehman Malik in which he said that there is possibility of increase in terrorists’ activities in the city next month.
“Such statements will shake confidence of the investors,” Naqvi said while talking to media persons after a meeting with Black Barren, Chairman of the Pakistani Society of the UK.
Naqvi said that Malik’s statement that there will be bloodshed and more terrorism in Karachi during February has affected the stock market.
He said that the market has seen a choppy trade since then as the minister’s statement is having a negative impact on the market, adding creation of an enabling investment climate is 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.
