Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial

Pakistan is Floored

So this is what the folks at the Karachi Stock Exchange have to say:

Pakistan is Floored

Fantastic. So prices can’t go below Wednesday’s closing values. Guess where they are going to stay until this rule is removed? (Hint: Wednesday’s closing prices)

The reason markets exist is for price discovery. Not for only going up. It’s a good thing SEBI or NSE isn’t quite this stupid; though the ridiculous implementation of short selling doesn’t take them in the clear.

Like our content? Join Capitalmind Premium.

  • Equity, fixed income, macro and personal finance research
  • Model equity and fixed-income portfolios
  • Exclusive apps, tutorials, and member community
Subscribe Now Or start with a free-trial