Re: Karachi Stock Exchange Attacked
You can make a point, that whats the use of economic index going up, when a poor man can't afford food. While the poor man still can't afford bread, the economic index is also going down now.
JAHIL QOUM.
Stock Exchange is primarily shares from privately owned companies and what affects their value, is the investors confidence. A bad earning report from a company, has adverse affect on its share value and investers are left with the option to either pull their money out, or buy more if they feel it will go up. Currently it seems many played this gamble, leaving their money, thinking that things will pick up. We did not have this situation last year, and stock brokers had more confidence in the local market. Blaming it on Aziz's government policies is crazy, since the same companies showed better earnings back then. Infact more investors flocked to the market, than ever before.
How many companies have reported bad earnings? Stock market is driven more by the speculation and gamblers-cum-investors.