Pakistan's exchanges re-open

PAKISTAN - Pakistan's stock markets fell steeply when they resumed trading on Monday 24 September after being closed for a week.

Investors pulled out of stocks amid fears that any US military action against neighbouring Afghanistan will intensify the crisis facing Pakistan, traders said.

"Investors are desperate...it seems they were waiting for the market to open to offload their holdings," said a dealer at IP Securities in Karachi.

Pakistan's main exchange, the Karachi Stock Exchange, saw