AGL 37.94 Decreased By ▼ -0.54 (-1.4%)
AIRLINK 193.91 Decreased By ▼ -9.11 (-4.49%)
BOP 9.32 Decreased By ▼ -0.85 (-8.36%)
CNERGY 5.84 Decreased By ▼ -0.70 (-10.7%)
DCL 8.68 Decreased By ▼ -0.90 (-9.39%)
DFML 36.46 Decreased By ▼ -3.56 (-8.9%)
DGKC 92.54 Decreased By ▼ -5.54 (-5.65%)
FCCL 33.97 Decreased By ▼ -0.99 (-2.83%)
FFBL 82.30 Decreased By ▼ -4.13 (-4.78%)
FFL 12.75 Decreased By ▼ -1.15 (-8.27%)
HUBC 120.61 Decreased By ▼ -10.96 (-8.33%)
HUMNL 13.60 Decreased By ▼ -0.42 (-3%)
KEL 5.22 Decreased By ▼ -0.39 (-6.95%)
KOSM 6.52 Decreased By ▼ -0.75 (-10.32%)
MLCF 42.11 Decreased By ▼ -3.48 (-7.63%)
NBP 59.81 Decreased By ▼ -6.57 (-9.9%)
OGDC 211.17 Decreased By ▼ -9.59 (-4.34%)
PAEL 37.58 Decreased By ▼ -0.90 (-2.34%)
PIBTL 8.07 Decreased By ▼ -0.84 (-9.43%)
PPL 190.32 Decreased By ▼ -7.56 (-3.82%)
PRL 38.17 Decreased By ▼ -0.86 (-2.2%)
PTC 23.45 Decreased By ▼ -2.02 (-7.93%)
SEARL 97.94 Decreased By ▼ -5.11 (-4.96%)
TELE 8.22 Decreased By ▼ -0.80 (-8.87%)
TOMCL 35.03 Decreased By ▼ -1.38 (-3.79%)
TPLP 13.55 Decreased By ▼ -0.20 (-1.45%)
TREET 22.73 Decreased By ▼ -2.39 (-9.51%)
TRG 52.87 Decreased By ▼ -5.17 (-8.91%)
UNITY 32.96 Decreased By ▼ -0.71 (-2.11%)
WTL 1.52 Decreased By ▼ -0.19 (-11.11%)
BR100 11,349 Decreased By -541.2 (-4.55%)
BR30 34,972 Decreased By -2384.1 (-6.38%)
KSE100 106,275 Decreased By -4795.3 (-4.32%)
KSE30 33,353 Decreased By -1555.7 (-4.46%)

Kevin Rudd returned as Australian prime minister on Wednesday, executing a stunning party room coup on Julia Gillard almost three years to the day after being ousted by his former deputy and less than three months out from a general election.
The reinstatement of Rudd was a last-ditch effort to shore up support by the governing Labour Party, which opinion polls show faces catastrophic defeat at a poll scheduled for September 14. The Mandarin-speaking former diplomat draws strong popular support but has divided and destabilised his party after launching two failed leadership bids in the past 18 months.
Analysts said the leadership change could backfire. "I don't think it will help Labor. I think they've dug themselves a deeper grave," said John Wanna, professor of politics at the Australian National University. The return of Rudd could now see Australia go to an election in August in an effort to cash in on his greater popularity with voters and an expected honeymoon period with the electorate. The leadership change followed a series of opinion polls showing Gillard's minority government could lose up to 35 seats, giving the conservative opposition a massive majority in the 150-member parliament.
Rudd, who was prime minister from late 2007 until June 2010, gave no indication of whether he would call an early election, or test his support on the floor of Australia's hung parliament. He also made no comment on when he would visit the governor-general, Australia's head of state, who will appoint him prime minister if she is confident Rudd can control a majority in parliament.

Copyright Reuters, 2013

Comments

Comments are closed.