Taimoor Khan
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FROM AN ALL TIME HIGH. You would expect some profit taking. I certainly would sell to crystallise my profits. This all time high is not a manufactured one by illegally using government money to prop up a falling market.
What IK is doing is far worse than what Dar did to keep the dollar high to mitigate a drain on foreign exchange. IK is using government money to fill the boots of Stock Market speculators.
To artificially pump steroids into the stock exchange using government money.
That is some serious shedding of the points.
Read the whole news.
but all gains vanished as investors took profits and started looking at the broader fundamental issues facing the economy.