AGL 34.48 Decreased By ▼ -0.72 (-2.05%)
AIRLINK 132.50 Increased By ▲ 9.27 (7.52%)
BOP 5.16 Increased By ▲ 0.12 (2.38%)
CNERGY 3.83 Decreased By ▼ -0.08 (-2.05%)
DCL 8.10 Decreased By ▼ -0.05 (-0.61%)
DFML 45.30 Increased By ▲ 1.08 (2.44%)
DGKC 75.90 Increased By ▲ 1.55 (2.08%)
FCCL 24.85 Increased By ▲ 0.38 (1.55%)
FFBL 44.18 Decreased By ▼ -4.02 (-8.34%)
FFL 8.80 Increased By ▲ 0.02 (0.23%)
HUBC 144.00 Decreased By ▼ -1.85 (-1.27%)
HUMNL 10.52 Decreased By ▼ -0.33 (-3.04%)
KEL 4.00 No Change ▼ 0.00 (0%)
KOSM 7.74 Decreased By ▼ -0.26 (-3.25%)
MLCF 33.25 Increased By ▲ 0.45 (1.37%)
NBP 56.50 Decreased By ▼ -0.65 (-1.14%)
OGDC 141.00 Decreased By ▼ -4.35 (-2.99%)
PAEL 25.70 Decreased By ▼ -0.05 (-0.19%)
PIBTL 5.74 Decreased By ▼ -0.02 (-0.35%)
PPL 112.74 Decreased By ▼ -4.06 (-3.48%)
PRL 24.08 Increased By ▲ 0.08 (0.33%)
PTC 11.19 Increased By ▲ 0.14 (1.27%)
SEARL 58.50 Increased By ▲ 0.09 (0.15%)
TELE 7.42 Decreased By ▼ -0.07 (-0.93%)
TOMCL 41.00 Decreased By ▼ -0.10 (-0.24%)
TPLP 8.23 Decreased By ▼ -0.08 (-0.96%)
TREET 15.14 Decreased By ▼ -0.06 (-0.39%)
TRG 56.10 Increased By ▲ 0.90 (1.63%)
UNITY 27.70 Decreased By ▼ -0.15 (-0.54%)
WTL 1.31 Decreased By ▼ -0.03 (-2.24%)
BR100 8,615 Increased By 43.5 (0.51%)
BR30 26,900 Decreased By -375.9 (-1.38%)
KSE100 82,074 Increased By 615.2 (0.76%)
KSE30 26,034 Increased By 234.5 (0.91%)

Lebanon's presidential election was postponed to March 25 from Tuesday, the parliament speaker said on Monday, the 16th delay of a vote derailed by the worst political crisis since the 1975-90 civil war.
The new election date set by speaker Nabih Berri is just four days before an Arab summit in Damascus which some leaders are not expected to attend unless the Lebanon crisis is resolved. The crisis has paralysed much of government, left the presidency vacant since November and led to bouts of lethal street violence in a country still rebuilding from its 15-year civil war.
It has also poisoned ties between Saudi Arabia and Syria, which back opposing sides in the conflict. Riyadh supports the Beirut governing coalition, along with Western countries including the United States, while Syria and its ally Iran back the opposition alliance led by Hezbollah.
Saudi Arabia's King Abdullah, President Hosni Mubarak of Egypt and Jordan's King Abdullah are not expected to attend the March 29-30 Arab summit unless a Lebanese president is elected and attends. The Lebanese rivals have agreed that army chief General Michel Suleiman should fill the presidency, vacant since the term of pro-Syrian President Emile Lahoud expired in November.
But Suleiman's confirmation by parliament has been repeatedly derailed by a dispute over the make-up of a cabinet to be formed after his election. Parliament cannot convene to elect the president unless there is a deal between the rival camps that will secure a quorum for the vote.
Berri, a leading figure in the opposition, told the pan-Arab newspaper Asharq Al-Awsat that Lebanon was in a state of "great paralysis". "He said that he is betting on the possibility of a breakthrough in the Arab situation which will help to budge matters before the summit," the paper said.

Copyright Reuters, 2008

Comments

Comments are closed.