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Ten killed after gunmen attack Pakistan Stock Exchange

At least ten people have been killed after gunmen attempted to storm the Pakistan Stock Exchange, according to officials on Monday.

Attackers with automatic rifles and grenades attempted to enter the compound in Karachi which holds the bourse building, but were stopped by security guards.

Police say all four gunmen were killed and that security forces are combing the area, according to the latest reports. Six other others are reported to have died during the attack.

Militants from the Baloch Liberation Army say they were behind the attack.

Shares dip after attack

Shares on the KSE-100 Index fell by just under 1% as news of the attack broke about an hour after the exchange opened, but quickly regained their poise to be up 0.1% at 34,036 at lunchtime in Pakistan after the attack was foiled.

The stock exchange has offices for hundreds of financial institutions and is situated in a high-security zone alongside head offices of banks and other major firms.

“There were four attackers who came from the parking lot, they threw a grenade at the main entrance of the KSE [stock exchange] and then started firing indiscriminately,” said Abid Ali, director of the Pakistan Stock Exchange, in a media briefing on Geo News.

Ali added: “The attackers were wearing uniform that looked like police uniforms, all four have been killed, and the situation is currently under control.”

Ethnic Baloch groups have fought a long-running insurgency for a separate homeland and a greater share of resources in Pakistan’s Balochistan province.

Pakistan has suffered years of militant violence, mostly by Islamist groups.

Foreign Office advice to UK travellers warns: “Terrorists are very likely to try to carry out attacks in Pakistan. There’s a high threat of terrorism, kidnap and sectarian violence throughout the country, including the major cities of Islamabad, Rawalpindi, Lahore and Karachi.”

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    Roger Baird

    Roger Baird is News Editor at Finixio. He has worked as a financial journalist for 20 years reporting on companies, capital markets and the UK economy.

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