Police Guard Pakistan Stock Exchange

Police guard Pakistan stock exchange

Friday 25 March 2005, 12:57 Makka Time, 9:57 GMT  

Shareholders protested outside the Karachi bourse on Thursday

Paramilitary troops and police are guarding Pakistan's main stock market as officials investigate an alarming stock market slump that led to a riot by angry shareholders.

The country's shares watchdog and officials at the Karachi Stock Exchange, or KSE, said on Friday they wereinvestigating the possibility of irregularities or manipulation by big brokerage houses.


Hundreds of shareholders threw stones and smashed up cars on Thursday after the exchange prevented them from selling their loss-making holdings for a sixth consecutive day. Five people were arrested.

Armed rangers and police were searching people and checking their identity cards as they entered the Karachi exchange, witnesses and police said, while four mobile police vans were stationed outside the building.


The KSE-100 index of blue-chip shares reached an all-time high of 10,304.72 points on 15 March but continued to fall on Friday to 7940 points at a pre-lunch break.

 http://english.aljazeera.net/NR/exeres/F168B00B-EDB0-485E-8187-A09E070EE4C0.htm


My Comment: What a gorgeous bus

_
''Hundreds of shareholders threw stones and smashed up cars on Thursday after the exchange prevented them from selling their loss-making holdings for a sixth consecutive day. Five people were arrested. ''

- Angry Nation, with a Dictator, and a Stock Market where you can't sell your losing shares, just watch them plummet....... recipe for disaster?

Now go away.

No new news there from the moneychangers

Once the elites are divided, the opposition is in a position to make a claim to establish a legitimate "national unification" government.

When Musharraf packs his bags, I hope he finds room to stow those warheads with his socks.

Maybe the Israelis should be more concerned about the real Islamic bomb.

:nuke: