Islamabad: Pakistan's key stock index, the biggest decliner in Asia on Wednesday, fell the most in 32 months, after a court barred former premier Nawaz Sharif from running in elections.
The benchmark Karachi Stock Exchange 100 index, fell 294.05 or 5.01 per cent to 5,580.78 at time-close yesterday, its biggest decline since June 14, 2006. Oil & Gas, the biggest fuel explorer, fell 5.3 per cent to 54.24.
Pakistan's Supreme Court ruling may heighten tension between the biggest opposition party run by Sharif, and President Asif Ali Zardari's ruling coalition. Sharif said two days ago Zardari was seeking to have him banned.
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