AGL 38.54 Increased By ▲ 0.97 (2.58%)
AIRLINK 129.50 Decreased By ▼ -3.00 (-2.26%)
BOP 5.61 Decreased By ▼ -0.03 (-0.53%)
CNERGY 3.86 Increased By ▲ 0.09 (2.39%)
DCL 8.73 Decreased By ▼ -0.14 (-1.58%)
DFML 41.76 Increased By ▲ 0.76 (1.85%)
DGKC 88.30 Decreased By ▼ -1.86 (-2.06%)
FCCL 35.00 Decreased By ▼ -0.08 (-0.23%)
FFBL 67.35 Increased By ▲ 0.85 (1.28%)
FFL 10.61 Increased By ▲ 0.46 (4.53%)
HUBC 108.76 Increased By ▲ 2.36 (2.22%)
HUMNL 14.66 Increased By ▲ 1.26 (9.4%)
KEL 4.75 Decreased By ▼ -0.11 (-2.26%)
KOSM 6.95 Increased By ▲ 0.10 (1.46%)
MLCF 41.65 Decreased By ▼ -0.15 (-0.36%)
NBP 59.60 Increased By ▲ 1.02 (1.74%)
OGDC 183.00 Increased By ▲ 1.75 (0.97%)
PAEL 26.25 Increased By ▲ 0.55 (2.14%)
PIBTL 5.97 Increased By ▲ 0.14 (2.4%)
PPL 146.70 Decreased By ▼ -1.70 (-1.15%)
PRL 23.61 Increased By ▲ 0.39 (1.68%)
PTC 16.56 Increased By ▲ 1.32 (8.66%)
SEARL 68.30 Decreased By ▼ -0.49 (-0.71%)
TELE 7.23 Decreased By ▼ -0.01 (-0.14%)
TOMCL 35.95 Decreased By ▼ -0.05 (-0.14%)
TPLP 7.85 Increased By ▲ 0.45 (6.08%)
TREET 14.20 Decreased By ▼ -0.04 (-0.28%)
TRG 50.45 Decreased By ▼ -0.40 (-0.79%)
UNITY 26.75 Increased By ▲ 0.35 (1.33%)
WTL 1.21 No Change ▼ 0.00 (0%)
BR100 9,806 Increased By 37.8 (0.39%)
BR30 29,678 Increased By 278.1 (0.95%)
KSE100 92,304 Increased By 366.3 (0.4%)
KSE30 28,840 Increased By 96.6 (0.34%)

Fired lawmakers scuffled with police and some forced their way into Ecuador's Congress on Tuesday, intensifying a feud with President Rafael Correa in the politically unstable Andean country.
One legislator suffered a back injury when he was knocked to the ground. He was carried away on a stretcher and put in an ambulance, according to a health official. "We are in a state of emergency and we are being hunted," fired lawmaker Gloria Gallardo told a television station from inside Congress. "Police are willing to kill lawmakers."
Police wearing gas masks thrust riot shields at legislators as tear gas clouded the air around the building. "They hit us," said opposition lawmaker Sylka Sanchez, who also yelled at police, "You traitors!" Dozens of Correa supporters clashed with protesters backing opposition lawmakers, kicking and punching each other.
Fifty-seven legislators have refused to accept an electoral court decision to fire them last week for seeking to reverse an earlier ruling that would allow the highly popular Correa to hold a referendum to weaken Congress' powers.
The ousted congressmen lost another legal battle on Tuesday, when the constitutional court rejected their appeal to overturn the earlier ruling. But they were expected to continue resisting their dismissals through legal channels. Tuesday's violence forced Congress to suspend its sessions for a week.
"The country lives a moment of political crisis and my obligation is to protect lawmakers. Congress will not hold a session," Congress president Jorge Cevallos said.
The dispute has become the biggest challenge to the leftist's presidency since he took office in January in a country where Congress played a pivotal role in ousting three presidents in the last decade.
The previous session on Thursday was also suspended after most of the ousted lawmakers, who represent more than half of the opposition-dominated legislature, decided to stay away rather than try to break a police cordon.
Investors, already spooked because Correa has threatened not to make some foreign debt payments, worry that the president will increasingly struggle to govern even though he is much more popular than his rivals in Congress.
"We expect political noise to remain very high for a prolonged period of time," Alberto Ramos, a senior economist at Goldman Sachs, said in a research note published before Tuesday's violence. "We are entering in unclear legal waters.

Copyright Reuters, 2007

Comments

Comments are closed.