Pakistani shares and currency drop sharply

Pakistani shares tumbled today and the currency hit a six-year low as trading in Karachi resumed after a three-day mourning period for the former Prime Minister Benazir Bhutto, who was assassinated last week.

The Karachi stock market fell up to 4.7 per cent, its biggest fall in 18 months as concerns grew that instability in the region would drive foreign funds to pull out of the country.

The benchmark KSE 100 index fell to 14,071.92 by early afternoon as violent protests continued across the region in the wake of Ms Bhutto's murder.

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- Posted: 2007-12-31 12:03:00

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