KSE breaks all Records: Touches Historic Mark

[firenze]

Re: KSE breaks all Records: Touches Historic Mark

@Silaaj

Financial year ends on June 30, and on that date, all brokers have to make sure they can properly account for the money they have on hand, whether in cash, or in stocks. 75% of the funds used for trading are undeclared, aka black money. This money is haphazardly pulled out of the market before June 30 to avoid declaration. That is why the market dropped in the final days of June

Post June 30, that black money makes its way back into the market slowly and steadily. Todays breakout signals that the money is back. Only ostriches with their heads buried in sand would rejoice at a Moody’s report that speaks of how Pakistan has a better balance of payments situation because of incoming loan tranches.

A part of me wishes they remain in power till 2017, because that is when they have to start repaying this loan (along with dozens of previous loans). Im repeatedly reminded of 1993 and 1998, when PMLNs previous tenures were highlighted by bank defaults, and sovereign defaults.

This is funny.

budget can be one of the reason, why do you forget about Karachi airport attack, operation in NW and IK inqalab. All effect market one way or other.

secondly to prove you wrong the current index moves higher because of foreign buying of stocks.