Pakistan poll losers cry foul, but scrips zoom up
14 May 2013 5:45 AM GMT
Pakistan witnessed protests by losing candidates who alleged rigging Monday, but delighted investors gave such a thumbs-up to the winners that the KSE-100 index zoomed up and breached the record in the country’s history of stock trading.
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The Pakistan elections Saturday have proved historic as for the first time in the country’s 65-year existence they marked a transition from one civilian government to another. Nawaz Sharif is all set to be the prime minister for the third time with his Pakistan Muslim League-Nawaz emerging as the single-largest party. Soon after unofficial results began to trickle in, some losing candidates, however, levelled allegations that the polls were rigged.
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Geo News reported that Pakistan Muslim League-N activists demonstrated outside the Jacobabad Press Club over allegedly rigged poll in NA-208 constituency. The protestors later staged a sit-in outside the office of the returning officer.
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Pakistan Tehreek-e-Insaf (PTI) activists too protested outside Hyderabad Press Club over alleged irregularities in the polling.
Former governor Ghulam Mustafa Khar’s supporters held a demonstration over rigging in Muzaffargarh NA-176 constituency, leading to a clash between the police and the demonstrators. Ghulam Mustafa Khar has refused to accept the results of NA-176.
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Hafiz Inamur Rahman, a candidate for Bannu PK-71 cosntituency in Khyber Pakhtunkhwa, protested at the township chowk, while Pakistan Peoples Party candidate for PK-73 Pukhtunyar Khan along with his hundreds of supporters staged a protest at Bannu sessions court.
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PPP candidate Senator Waqar Ahmad Khan for Dera Ismail Khan claimed it was not the people but the police and administration that snatched away victory from him. As the day progressed, the Election Commission of Pakistan summoned a meeting Monday to review complaints of rigging. The poll panel will look into the rigging allegations received from various areas of the country, reported Geo News, citing sources.
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But, there was good news too. The day showed the enthusiasm of investors when scrips at the Karachi Stock Exchange hotted up. The Karachi Stock Exchange KSE-100 index gained in early hours some 300 points, breaching the record of 20,000 points
Â
The Pakistan elections Saturday have proved historic as for the first time in the country’s 65-year existence they marked a transition from one civilian government to another. Nawaz Sharif is all set to be the prime minister for the third time with his Pakistan Muslim League-Nawaz emerging as the single-largest party. Soon after unofficial results began to trickle in, some losing candidates, however, levelled allegations that the polls were rigged.
Â
Geo News reported that Pakistan Muslim League-N activists demonstrated outside the Jacobabad Press Club over allegedly rigged poll in NA-208 constituency. The protestors later staged a sit-in outside the office of the returning officer.
Â
Pakistan Tehreek-e-Insaf (PTI) activists too protested outside Hyderabad Press Club over alleged irregularities in the polling.
Former governor Ghulam Mustafa Khar’s supporters held a demonstration over rigging in Muzaffargarh NA-176 constituency, leading to a clash between the police and the demonstrators. Ghulam Mustafa Khar has refused to accept the results of NA-176.
Â
Hafiz Inamur Rahman, a candidate for Bannu PK-71 cosntituency in Khyber Pakhtunkhwa, protested at the township chowk, while Pakistan Peoples Party candidate for PK-73 Pukhtunyar Khan along with his hundreds of supporters staged a protest at Bannu sessions court.
Â
PPP candidate Senator Waqar Ahmad Khan for Dera Ismail Khan claimed it was not the people but the police and administration that snatched away victory from him. As the day progressed, the Election Commission of Pakistan summoned a meeting Monday to review complaints of rigging. The poll panel will look into the rigging allegations received from various areas of the country, reported Geo News, citing sources.
Â
But, there was good news too. The day showed the enthusiasm of investors when scrips at the Karachi Stock Exchange hotted up. The Karachi Stock Exchange KSE-100 index gained in early hours some 300 points, breaching the record of 20,000 points
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