Pakistan stock Exchange welcome new era with historic single day gain 1700+ points

[Death Adder]

It actually has, multiple times. Don't be foolish. The reason why the market saw some decline during the PTI era was due to PTI no longer artificially propping up the market by flooding the market with dollars to prop them up, which was a major policy reversal from the PMLN era, and a major IMF demand.

Pmln is gonna do this again, because they wanna pretend the markets are growing, when in reality no such thing is occurring. Meanwhile ForEx is gonna suffer as a result, as it ALWAYS does under PMLN.

Anyway, it doesn't matter anymore. Once I get my family out of Pakistan, I'm out permanently.

Mate with all due respect you have no idea what you’re talking about. Today SS took oath, how can they manipulate Dollar in a single day? First of all it’s a record, 1500 points in a single day, last time it happened it was in 2017 during PMLN government. You have to admit Khan era was dark for businesses and economy.
About last part, I left Pakistan 14 years ago, it’s easy to say but you will learn lessons, when you’re abroad with your family. Good Luck

 

[Wood]

Chinese state run media - Global Times - is reported to have said that Shehbaz Sharif is better for China.

As per an article in the Chinese state-run Global Times “The potential successor of Khan is from the Sharif family which has been promoting China-Pakistan ties for a long time, and cooperation between the two countries could be even better than under Khan.”

I think that the Chinese preference to deal with Shehbaz could also be the positive sentiment in market. Najam Sethi was also saying that the Chinese are impressed by Shehbaz's speed of execution when it comes to implementing projects. He can cut through red tap like a hot knife through butter

Pakistan’s political change ‘won’t affect solid friendship with China’ - Global Times

www.globaltimes.cn

When Sharif was regional leader of the eastern province of the Punjab, he struck many BRI cooperation deals with China directly to improve local infrastructure and economic development, and his family have maintained long-standing ties with China as his brother Nawaz Sharif is a three-time former prime minister and the leader who kicked off the CPEC project, said experts.

 

[That Guy]

Mate with all due respect you have no idea what you’re talking about. Today SS took oath, how can they manipulate Dollar in a single day? First of all it’s a record, 1500 points in a single day, last time it happened it was in 2017 during PMLN government. You have to admit Khan era was dark for businesses and economy.
About last part, I left Pakistan 14 years ago, it’s easy to say but you will learn lessons, when you’re abroad with your family. Good Luck

Mate, you need to pay attention and read other people's comments.

Like I've previously mentioned, this increase was 100% expected, because markets don't like uncertainty.

And PMLN is most certainly NOT good for the economy. They artificially prop it up all the time, which is why we ALWAYS see record decline in ForEx under their governments.

I've lived abroad far longer than you have, and I can confidently say I've also lived in Pakistan longer than you have.

You have ZERO idea what you're talking about, as in none, nada, not an iota, 0.00%.

I can tell you the entirety of PMLN"@ gameplan, because they've done it before.

To arrest inflation, they're gonna issue high interest bonds backed by sovereign guarantee, and borrow money to flood the market. How do I know? They did it last time. They're gonna start using the forex in the domestic market, and start handing out subsidize. How do I know? They did it last time. They're gonna announce major projects that are gonna have cost overruns, as well as be overpriced. How do I know? They did it last time. By the end of PMLN's term, if Pakistan hasn't defaulted already, Pakistan will be on the verge of bankruptcy. How do I know? Thats literally what happened last time.

Never forget, the one and only time a sovereign backed check bounced in Punjab, something that has never happened ever before in the history of Pakistan, was during the PMLN era. Why? Because they emptied the accounts to enrich themselves.

 

[PakFactor]

Speechless, completely speechless.

Don’t know what economic courses he took….

 

[Patriot forever]

There's no point keeping an eye on the KSE, this always happens when uncertainty is removed from the market.

The stupids here don't realize that psx was bound to move even if Shah mehmood quelreshi was sworn in as prime minister.

There is one retired mod here who knows as much about the economy as your local mechanic knows about JF 17 but he keep shitting on the forum.

 

[Black Vigo]

The stupids here don't realize that psx was bound to move even if Shah mehmood quelreshi was sworn in as prime minister.

There is one retired mod here who knows as much about the economy as your local mechanic knows about JF 17 but he keep shitting on the forum.

That economist will praise them even if Showbaz and Co defecate on our economy

 

[jamahir]

What are stock exchanges doing in the Islamic Republic of Pakistan ? And "Mard-e-Momin" Zia ul Haq who launched the "Afghan Jihad" against progressive Afghanistan and imposed "Sharia law" in Pakistan did not do anything to shutdown the stock exchanges or create an interest-less economy in Pakistan :

Other sharia laws​

Under Zia, the order for women to cover their heads while in public was implemented in public schools, colleges and state television. Women's participation in sports and the performing arts was severely restricted. Following Sharia law, women's legal testimony was given half the weight of a man's, according to critics[clarification needed].[105]

In 1980 the "Zakat and Ushr Ordinance, 1980" was implemented.[108] The measure called for a 2.5% annual deduction from personal bank accounts on the first day of Ramadan, with Zia stating that the revenues would be used for poverty relief.[109] Zakat committees were established to oversee distribution of the funds.[96]

In 1981 interest payments were replaced by "profit and loss" accounts (though profit was thought to be simply interest by another name).[109] Textbooks were overhauled to remove un-Islamic material, and un-Islamic books were removed from libraries.[109]

Eating and drinking during Ramadan was outlawed, attempts were made to enforce praying of salat five times a day.

 

[Death Adder]

Mate, you need to pay attention and read other people's comments.

Like I've previously mentioned, this increase was 100% expected, because markets don't like uncertainty.

And PMLN is most certainly NOT good for the economy. They artificially prop it up all the time, which is why we ALWAYS see record decline in ForEx under their governments.

I've lived abroad far longer than you have, and I can confidently say I've also lived in Pakistan longer than you have.

You have ZERO idea what you're talking about, as in none, nada, not an iota, 0.00%.

I can tell you the entirety of PMLN"@ gameplan, because they've done it before.

To arrest inflation, they're gonna issue high interest bonds backed by sovereign guarantee, and borrow money to flood the market. How do I know? They did it last time. They're gonna start using the forex in the domestic market, and start handing out subsidize. How do I know? They did it last time. They're gonna announce major projects that are gonna have cost overruns, as well as be overpriced. How do I know? They did it last time. By the end of PMLN's term, if Pakistan hasn't defaulted already, Pakistan will be on the verge of bankruptcy. How do I know? Thats literally what happened last time.

Never forget, the one and only time a sovereign backed check bounced in Punjab, something that has never happened ever before in the history of Pakistan, was during the PMLN era. Why? Because they emptied the accounts to enrich themselves.

Exactly, i have no idea what you’re talking about. You are biased as you saw nothing wrong in Khan economic policies but you have issues with all others. Why stock market didn’t gain 1500 points on any specific day during Khan era? The answer is pretty simple, his era was dark for businesses, investors and economy. I appreciate your time responding back to me, but i can’t stand biased and opinions based upon hatred instead of actual facts.
No further replies from my side.

 

[Patriot forever]

Exactly, i have no idea what you’re talking about. You are biased as you saw nothing wrong in Khan economic policies but you have issues with all others. Why stock market didn’t gain 1500 points on any specific day during Khan era? The answer is pretty simple, his era was dark for businesses, investors and economy. I appreciate your time responding back to me, but i can’t stand biased and opinions based upon hatred instead of actual facts.
No further replies from my side.

The market went down on NCV announcement, it only recovered.

That's the nature of stock market.

The real question is how much of the promised dollars ( loans) will flow now since regime change has succeeded. Will tell us for how much our sovereignty was sold for.

 

[That Guy]

Exactly, i have no idea what you’re talking about. You are biased as you saw nothing wrong in Khan economic policies but you have issues with all others. Why stock market didn’t gain 1500 points on any specific day during Khan era? The answer is pretty simple, his era was dark for businesses, investors and economy. I appreciate your time responding back to me, but i can’t stand biased and opinions based upon hatred instead of actual facts.
No further replies from my side.

I saw a lot of wrong with PMIK's policies. You can ask @Norwegian on how much I disagreed on a number things he did.

I may be bias, but I'm honest with my biases. On the other hand, you are blinded by your own.

You did not address a single thing I wrote, which is a telltale sign that you have no answer. You know you're wrong, but are too stubborn to admit it, so you're just gonna double down like a stereotypical Pakistani would.

Your comments shows how little you actually understand how the market works. Do you even know what the 1500 number represents? Clearly you don't. You probably don't even know that even in periods of recession, a stock market can get record gains; as well, the stock market can suffer deep losses during times of great economic success.

 

[Black Vigo]

What are stock exchanges doing in the Islamic Republic of Pakistan ? And "Mard-e-Momin" Zia ul Haq who launched the "Afghan Jihad" against progressive Afghanistan and imposed "Sharia law" in Pakistan did not do anything to shutdown the stock exchanges or create an interest-less economy in Pakistan :

Go sell your commie/socialist "chooran" in your own shithole country we don't need your filthy ideals in our country

 

[Asimzranger]

 

[waq]

Serious question:

Can there be a way if preventing the PML government from starting show off projects once again?

I mean projects like metro train and garbage removal by that Turkish company were simply started to impress voters in their constituencies. These project barely generate any revenue while the payments have to be made in foreign exchange by the federal government. We have been through a painful stabilization and Shehbaz is back. I am very afraid.

 

[jamahir]

Go sell your commie/socialist "chooran" in your own shithole country we don't need your filthy ideals in our country

Ah, you are the new "Mard-e-Momin". Congrats. Also, your country is Britain, yes ? And my ideals are for every country.

 

[Eagle_Nest]

Guys I have to say something.
In PML N Tenure I think 5th year. I used to get Lahore airport TCS warehouse for some inspections and believe me Imports sheds are full of boxes, machinery everything and in export sheds i see only 20-50x boxes of some chemical and staff said this is the routine of everyday.
This is how they destroyed our economy.