Thursday, July 17, 2008

Someone told them prices only ever go up…

Protest over Pakistan share slump

Angry investors have attacked the Karachi Stock Exchange (KSE) in protest at plunging Pakistani share prices. More than 200 people took part in the demonstration at the country's main stock exchange in the southern city. A number of windows were broken and at least two people injured, Reuters news agency reports. The protesters demanded a temporary closure of the KSE to stop further slides. It is down 14% since Monday and reached an 18-month low this week.

Posted by being patient @ 11:40 AM (1221 views)
Please complete the required fields.



17 thoughts on “Someone told them prices only ever go up…

  • Not an awful lot to do with HPC, but interesting and a little weird anyway.

    For the most part, Pakistan’s citizens are not well educated, so any get rich quick scheme which backfires will be met with resentment.

    Reply
    Please complete the required fields.



  • Whostolemyendowment says:

    Share dealing is legalised gambling….and always has been. Those who can’t afford to lose their bet shouldn’t enter. I am sure China will be caught with its trousers down very soon.

    Reply
    Please complete the required fields.



  • People putting cash into something they know nothing about…

    Reply
    Please complete the required fields.



  • musn't grumble says:

    “People putting cash into something they know nothing about…”

    Are you talking about investment managers and bankers in the UK rumble?

    Reply
    Please complete the required fields.



  • Maybe they have realised that the bosses of these companies will get their huge salaries regardless of the state of the markets.

    Reply
    Please complete the required fields.



  • “For the most part, Pakistan’s citizens are not well educated, so any get rich quick scheme which backfires will be met with resentment.”

    bit like british people, at least they manage to demonstrate more than brits do….

    Reply
    Please complete the required fields.



  • Landedgentry says:

    Didn’t think it was very “Islamic” to gamble on shares, or am I missing something?

    Reply
    Please complete the required fields.



  • Balisong Master says:

    How could a bunch of villagers know the stock market? Besides, this will break the back of Pakistan anyway. It has enough troubles on its plate with the US Next door, internal fighting, a hostile neigbor to the east, another hostile neigbor to the west, and massive internal corruption from the day you enter the country to the day you go out of the country. You cant even take a wee there without paying a bribe. On top of that they are inherently backward, which means, essentially they know about as much of the markets that we knew about the 18 years cycle in house prices. I know because I am a Pakistani, i feel sorry for their people, they have been suckered for the most part of their lives on every front. If you think Gordon Brown is bad, you havent seen Pakistan. Its possibly the worst place to live on earth, even the elite are abandoning the country. I even feel sorry for myself to be connected with such a genetically modified country. I wish they could just get better, but its not the peoples fault, they were always led by people who have no bearing to Justice and equality. The sickness will kill the country, i am quite sure of it.

    Reply
    Please complete the required fields.



  • @ mark

    ‘bit like british people, at least they manage to demonstrate more than brits do….’

    I would prefer to remain dignified than burn tyres in the street like a caveman

    Reply
    Please complete the required fields.



  • Well, the government capped movements 1% down and 10% up to prop up the market artificially up, and now they reverted back to max, 5% up or down, and it crashed amazingly. Chinese markets lost around the same amount in the past few months – but do you see any protests…. Noooooo? In UK protests do you get broken government property….Nooooo! Before we used to think, markets down, money is being invested in property, but now it seems Gold and the dollar are more intertwined. The big mortgage companies go bankrupt, stocks fall, currency plummets, gold rises, confidence in house prices continues to fall.

    Reply
    Please complete the required fields.



  • Happy Mondays says:

    @debtfree
    I would prefer to remain dignified than burn tyres in the street like a caveman!
    Yes i agree, but me thinks if we go down the swanny the nation will be out on the streets demanding answers and maybe setting fire to a few things! All be it probably a few pictures of kirsty , phil but back indoors to watch eastenders, some real action before sunset.

    Reply
    Please complete the required fields.



  • Didn’t know that cavemen had tyres? 🙂

    Reply
    Please complete the required fields.



  • yorkshireman says:

    I believe that this is relevant to HPC. For too long, the vast majority of us have sat and allowed ourselves to be shafted by the system. Many of us have been affected, but few have complained and most have done nothing about the situation. We have stood still while our throats have been cut. Yes, you can question the methods of these people, but it maybe sends a more powerful message than we may be willing, or able to do.

    Reply
    Please complete the required fields.



  • Not questioning the methods of these people, questioning their intelligence. The Karachi Stock Exchange will ony ever be profitable! (House prices will only ever go up!) Seems to me a lot of people are slashing their own throats. Good riddance. I can’t stand the lack of responsibility for one’s actions. “But the government shouldn’t have let me!” Next thing you know, you’ve got a ‘nanny state’ (which they’ll no doubt have a problem with), ID cards, brave new world (without mayans)…. I do agree though that the public should shout at the government, in valid circumstances.

    Reply
    Please complete the required fields.



  • @afrobaggie

    thats true, cavemen never had a good year back then…. oh dear

    Reply
    Please complete the required fields.



  • As Western governments have fretted about Pakistan’s nuclear weapons falling into the hands of militants, the Karachi Stock Exchange’s main share index has risen more than 10-fold.”

    Reply
    Please complete the required fields.



  • in global marketing kse will be prefable….prices have been gone highly in future….their prices will be grown up in current situation…

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>