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  • KSE plunges on Sharif disqualificati on news: Pakistan?s key stock index fell the most in a time-span of 32 months after controversial ruling by Supreme Court banned former Prime Minister Nawaz Sharif from running in elections. Pakistan Petroleum Ltd. One of the biggest gas producers dropped 5 percent to 139.71. Pakistan Telecommunicat ions Co., also one of the biggest phone service providers fell 6.6 percent to 14.34. MCB Bank Ltd., the biggest by market value in the country went back 4.8 percent to 119.98. Mobs protests broke out in provincial region of Punjab causing many businesses to close down as protesters clashed with local authorities. Stock prices in the markets have eminently declined as analysts cast this as Asia?s biggest drop out in stock industry today.

February 12th

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