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 ...
The graphs above show the market steadily declining during the week as it was finally " unfrozen " on Monday for the first time since August 27th 2008. While there is activity in the garbage 3rd tier shares under Rs.5, there has been virtually no trading in the blue chips. Confidence is at an all time low, as is liquidity. As for the much awaited " stabilization fund " , it seems that nobody is holding their breath and it will be believed when seen. The picture for next week appears to be equally dismal with a possible further 20% slide in the index.
