Source: Reuters 

Mon Dec 31, 2007

KARACHI (Reuters) - Pakistan’s shares slid on Monday in its first reaction to the assassination of former prime minister Benazir Bhutto whose death last week plunged the country into one of its deepest crises.

In early trade, the benchmark Karachi Stock Exchange 100-share index (.KSE) fell 4.3 percent, close to the market’s limit of 5 percent. Under market rules designed to prevent panic selling, the index cannot move by more than 5 percent in a day.

The market was shut on Friday because of the assassination.

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Tags: Benazir, Karachi, KSE, Pakistan, Shares, Stocks