About the Karachi Stock Market Blog Daily updates on the Karachi Stock Market, with news, company dividends and KSE-100 index movements.The rollercoaster of a day trader's dream /nightmare riding the KSE-100 index. More than 860 posts and counting ...
Acccording to reports from the Dawn and the Business Recorder , the ban on short selling for the July future contracts will continue until further notice. This is fucking ridiculous as you can’t have a one-sided market, but then we all know that the Karachi Stock Exchange chops and changes its rules continuously. Even though the market closed well below its 200 dma, one expects that with this news it will shoot up again (with perhaps a quick spike down ) and head back towards 10,300 -10,500. Further news on margin requirements and exit mechanisms are to be announced on June 26th by the SECP.
