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Pakistani Investors Stone Stock Exchange

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http://www.guardian.co.uk/business/2008/ju....protest.shares

KARACHI, July 17 - Hundreds of angry investors, upset by plunging Pakistani share prices, smashed windows of Karachi Stock Exchange and scuffles broke out during a protest to demand a temporary closure of the market.

"We are looking at the situation and there is no question of suspending the market," said Razi-ur-Rahman, chairman of Securities and Exchange Commission of Pakistan (SECP), as staff cleared broken glass from the trading hall floor.

A slump in investor confidence accelerated on Thursday, as stocks fell over 4% and the rupee dropped by 1.3% by midday due to fears of political uncertainty and dire economic challenges, including a double-digit inflation rate.

The Karachi Stock Exchange (KSE) benchmark 100-share index was down 4.13%, or 433.51 points, to 10,058.37 at 11:33 a.m local time. Volume was 30m shares and losers led gainers 204 to 14.

The KSE-index is down 14% since Monday after the relaxation of curbs on daily movements that had been tightened in late June to halt a precipitate fall in values.

From Monday, daily circuit breakers reverted to 5% up or down, having been amended to 1% down or 10% up in late June, a move that stifled trading volume.

Unfortunately it appears the traders got away unhurt. I wonder if this will inspire copy cat attacks around?

Would a good stoning be too good for Brown/Darling?

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This is definitely the funniest story of the day.

There is going to be lots more of this. Many poor people in the developing world had pumped all their savings into stocks and shares, and they are angry. Frankly I think they should quit their moaning, it was their naive decision to invest in the first place.

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Running round foaming at the mouth with a sharp knife in your hand is normal over there. Perhaps we should adapt it to our current changing circumstances.

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So other people's misfortunes amuse you? Come on, this is the real world here...

Yes, other people's misfortunes do amuse me, especially when caused by their own stupidity and incompetence. If you want to invest in the stock market, it pays to make sure you know what the hell you are doing. I don't know enough about it, so I don't invest in it.

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We're going to see more of this I'm afraid in Pakistan, India and S.Africa to name but 3. Too much too soon, with little understanding of market dynamics beyond the elites in these countries. Regulation though must be better than we have in UK. :rolleyes:

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The correct response to a 4% drop in the index is of course a polite, yet stern, letter of rebuke to one's broker. They'll get the hang of it.

Having said that perhaps we have it all wrong. A public stoning or two may focus the minds down in the city.

Edited by Red Kharma

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Yes, other people's misfortunes do amuse me, especially when caused by their own stupidity and incompetence. snip

Now THAT all depends on what the amatuers were PROMISED by the city boys. :ph34r:

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The correct response to a 4% drop in the index is of course a polite, yet stern, letter of rebuke to one's broker. They'll get the hang of it.

Having said that perhaps we have it all wrong. A public stoning or two may focus the minds down in the city.

It would certainly be interesting to see if Brokers would be more truthful if they feared a good stoning from upset investors when they lost money.

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Yes, other people's misfortunes do amuse me, especially when caused by their own stupidity and incompetence. If you want to invest in the stock market, it pays to make sure you know what the hell you are doing. I don't know enough about it, so I don't invest in it.

Smug arrogance. What makes you think this is caused by "stupidity and incompetence"?

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Smug arrogance. What makes you think this is caused by "stupidity and incompetence"?

Well, it's plainly obvious that stock market are volatile, that company values are highly subjective, and that it's actually very easy to lose money buying shares. People should accept responsibility for their own bad investment decisions.

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Well, it's plainly obvious that stock market are volatile, that company values are highly subjective, and that it's actually very easy to lose money buying shares. People should accept responsibility for their own bad investment decisions.

OK, so by extension two things:

1. No one should ever buy (or sell for that matter) stocks.

2. If someone dies because they cross the road without looking, you would also find that funny.

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OK, so by extension two things:

1. No one should ever buy (or sell for that matter) stocks.

2. If someone dies because they cross the road without looking, you would also find that funny.

1. I don't have a problem with people buying stocks, but they can't throw their toys out the pram if they lose money. If they want to make that kind of decision then they should perform due dilligence checks, and prepare themselves for the event that it might have been a bad decision.

2. I frequently end up clipping people with the handlebars on my bike because they tried to cross the road without looking. If they got hit by a bus instead of my bike then i'd just consider it natural selection, thinning down the number of complete retards in the world, which is no bad thing.

Stop trying to over-simplify in an attempt to give yourself some sort of moral high ground.

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Guest X-QUORK
If someone dies because they cross the road without looking, you would also find that funny.

What? Have you been to pub or something?

How does claiming that people are stupid for making a duff investment and finding it amusing equate to laughing at somebody being killed?

Tut tut EDM...you're not your usual rational self this lunchtime.

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Assuming the brokers had the usual disclaimer "The value of stocks can go down as well as up....." then I don't understand what the Pakastani's are protesting about. The stock market is a rich man's casino. You win some, you lose some. :(

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1. I don't have a problem with people buying stocks, but they can't throw their toys out the pram if they lose money. If they want to make that kind of decision then they should perform due dilligence checks, and prepare themselves for the event that it might have been a bad decision.

2. I frequently end up clipping people with the handlebars on my bike because they tried to cross the road without looking. If they got hit by a bus instead of my bike then i'd just consider it natural selection, thinning down the number of complete retards in the world, which is no bad thing.

Stop trying to over-simplify in an attempt to give yourself some sort of moral high ground.

I'm not. We know nothing about these investors, yet you find their predicament amusing. We don't know what or how they invested - they may well have invested as the result of professional advice, or have given their money to "experts" to invest. That would be a more logical reason why they were throwing stones at the stock exchange, and why the "experts" are blaming the government. It's you who is over-simplifying things I think.

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Guest DissipatedYouthIsValuable

Just back from an after lunch stroll and stoning a few brokers.

Marvellously satisfying. Better than being on a rugby tour.

These hairy Jihadists have the right idea you know.

Bloody "Myles here. Paragon look rather good!" Thompkinson.

Big lump of quartz to the left temple.

Try picking up the phone and talking now you Germyn Streeted ponce.

Just as well you went for the "dark claret" jacket lining.

I'm going to stone nanny for weaning me off the breast too early, once I've had an ale and a pipe.

Stiff letters and committees? I've achieved much more with a stone in just half an hour.

Good thing about stones, you can use them over and over without paying any more money.....

Exeunt.

Edited by DissipatedYouthIsValuable

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What? Have you been to pub or something?

How does claiming that people are stupid for making a duff investment and finding it amusing equate to laughing at somebody being killed?

Tut tut EDM...you're not your usual rational self this lunchtime.

No, he himself said that he finds it amusing when people suffer as a result of their own mistakes.

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1. I don't have a problem with people buying stocks, but they can't throw their toys out the pram if they lose money. If they want to make that kind of decision then they should perform due dilligence checks, and prepare themselves for the event that it might have been a bad decision.

2. I frequently end up clipping people with the handlebars on my bike because they tried to cross the road without looking. If they got hit by a bus instead of my bike then i'd just consider it natural selection, thinning down the number of complete retards in the world, which is no bad thing.

Stop trying to over-simplify in an attempt to give yourself some sort of moral high ground.

How do you know you aren't a retard?

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I'm not. We know nothing about these investors, yet you find their predicament amusing. We don't know what or how they invested - they may well have invested as the result of professional advice, or have given their money to "experts" to invest. That would be a more logical reason why they were throwing stones at the stock exchange, and why the "experts" are blaming the government. It's you who is over-simplifying things I think.

They may have sought 'expert' advice but the 'expert' didn't put a gun to their heads and make them buy stocks. They chose to buy them and they bear the risks associated with that. I realise that brokers make money selling stocks, so i'm not going to take their word for what is or isn't a good investment, i'll do my own research and bear my own responsibility.

The same with BTL investors, I don't think they can really go boohooing to the Govt because they made a crap decision based on a foolish mantra that property prices always go up. Those that were idiots and believed the so called experts have no one but themselves to blame and I will laugh at them all the way to the Bankruptcy hearing.

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  • 399 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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