Updated on
Summary
Bearish trend was witnessed in the Karachi Stock exchange owing to increase in financial crisis and the alarming fall in Euro currencys price.The spillover effect of the deepening financial crisis was felt across Europe. During the start of trading session Londons FTSE index decreased by 122 points while Germans main index shed 102 points. The market closed down three percent in Pairs. Euro has touched to the lowest levels as compared to last four years.Experts believe that Italy, Spain and Portugal would also experience financial crisis similar to Greece.
