KARACHI — Pakistan share prices opened up in early trading on Wednesday, dealers said, the first rise after two sharp drops following the assassination of Benazir Bhutto.
The benchmark Karachi Stock Exchange KSE-100 Index was up 0.52 percent, as the country awaited an announcement on a date for January 8 general elections now set to be postponed until February.
“There is a mixed trend in the market today with some positive and some negative movement,” said Mohammad Khalid of Pearl Capital Management.
“Buying was low but it should accelerate during the day as institutional buyers may come into the market.”
On Monday, the first trading day after Bhutto’s killing, the bourse slumped 4.7 percent and it fell another 2.9 percent Tuesday as the market awaited an elections announcement, which was due later Wednesday.
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Tags: Elections, index, Karachi, market, share prices
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