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Stock exchange’s plunge


THIS is with reference to your editorial ‘Stem the uncertainty’ (Jan 17). It is indeed very surprising that even after five years of continuous democracy in the country, share prices have plunged so sharply after the apex court ordered the arrest of the country’s prime minister.

Is Pakistan’s economic situation so fragile that a perfectly legal action sends the stock exchange into a tailspin? There are, after all, many ruling party members left in the National Assembly who would make equally good prime ministers.

Perhaps our experts can explain why the stock exchange index plunged more than 500 points when news broke out that the prime minister’s arrest had been ordered.

SHAKIR LAKHANI
Karachi
Printed in DAWN, January 21, 2013

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