Oct. 1 (Bloomberg) -- Pakistan stocks surged the most in a year after the Supreme Court ruled that President Pervez Musharraf will be able to seek a second five-year term in an Oct. 6 election...The Karachi Stock Exchange 100 Index rose 384.06, or 2.9 percent, to close at 13,737.74, its highest since Aug. 3. That's the biggest gain since August 2006 and the largest fluctuation among markets included in global benchmarks.
``The rally was to be expected after the court decision,'' said Abdul Azeem, an analyst at Invest Capital & Securities Ltd., in Karachi. ``There is a perception in the market that Musharraf's re-election will be good for the economy.''
Monday, October 01, 2007
Karachi stock exchange - 'Worlds biggest mover'!?!?
Today there was a surprising leader among world stock markets - The Karachi stock exchange!
Posted by Shawn Cuthill at 10/01/2007 10:02:00 AM