Assassination attempt on Imran Khan:
Stock market opens in red zone, loses 229 points

KARACHI: On Friday, the benchmark KSE-100 index opened in the red zone following the assassination attempt on Pakistan Tehreek-i-Insaf’s chief Imran Khan. The index lost 229.61 points (0.55 per cent) and, by 9:30 am, reached 41,861.10 points. According to Raza Jafri, Head of Equities at Intermarket Securities, the boorish trend was expected after the unfortunate incident in Wazirabad. He added that investors were waiting for more clarity, and currently volumes were thin.

Yesterday, a local resident named Muazzam Nawaz opened multiple fires at Khan’s container. Khan, Senator Faisal Javed Khan, MNA Ahmed Nasir Chattha, Omer Mayar, and 14 party workers got injured in the incident. Fortunately, Khan did not suffer any life-threatening injuries.

Amir Shehzad, Director of First National Equities Limited, said that so far the economic condition was better, but the market situation would depend on the update if PTI called their workers to protest or not.