The Karachi Stock Exchange crashed 570 points in just 10 minutes following the news which explodes like fire in the jungle.
The KSE-100 Index crashed 570 points following the Supreme Court’s orders to arrest Prime Minister Raja Pervez Ashraf in the Rental Power case on Tuesday.
SC also ordered to arrest 16 other accused including the prime minister within 24 hours and submit a report (challan) on Wednesday.
The apex court also said that the National Accountability Bureau (NAB) would be responsible if any of the accused fled the country.
The SC had taken a dicision when Minhaj-ul-Quran chief Tahir-ul-Qadri was leading the Long March in Islamabd to demand electoral reforms.
The participants of the march became triumphant and were seen celebrating chanting slogans of “Congrats,” and Long Live the Supreme Court.”
He has been defending his case in the Supreme Court.
The SC, on March 30, directed NAB to proceed against ministers of water and power from 2006. Following the orders, NAB, on April 20, issued arrest warrants for 33 accused including the chief executive of the country.