Pakistan Stock Exchanged Crashed: Down 1350+ Points

[BHarwana]

Good.

I believe my words were the pakistani stock market is undeveloped. It doesn't necessarily reflect the ground reality. However, when you combine this crash with your horrible balance of payment and Forex amongst other declining indices, it paints a very bleak picture of your economy.



It is an undeveloped market so no one is looking at it seriously. But, as my above comment points out in combination with other evidence it isn't a good sign.

I am not going to blame this crash on external forces just like Indian Govt but instead this crash came because of Pakistan's own economic policy. Pakistan is bringing heavy taxes on imports and going to help exports so markets will dip dew to import related business activity going down. The money will be reinvested in export related business and this stabilizing the market. This is an expected crash nothing to worry about.

 

[hussain0216]

I am not going to blame this crash on external forces just like Indian Govt but instead this crash came because of Pakistan's own economic policy. Pakistan is bringing heavy taxes on imports and going to help exports so markets will dip dew to import related business activity going down. The money will be reinvested in export related business and this stabilizing the market. This is an expected crash nothing to worry about.

It was coming as Imran said he was going to shake up our financial policy, tax system & taxation

 

[Śakra]

I am not going to blame this crash on external forces just like Indian Govt but instead this crash came because of Pakistan's own economic policy. Pakistan is bringing heavy taxes on imports and going to help exports so markets will dip dew to import related business activity going down. The money will be reinvested in export related business and this stabilizing the market. This is an expected crash nothing to worry about.

@SunilM Another thing I noticed is their leading """economists""" like Bharwana and the Finance Minister have no clue how the economy works. They assume taxing imports will magically increase exports. Somehow, the tariffs will create industry where there was none and somehow they can throw tariffs without getting counter-tariffs.

 

[BHarwana]

@SunilM Another thing I noticed is their leading """economists""" like Bharwana and the Finance Minister have no clue how the economy works. They assume taxing imports will magically increase exports. Somehow, the tariffs will create industry where there was none and somehow they can throw tariffs without getting counter-tariffs.

I am not an economist I am just a poor farmer who grows tomato.

 

[SunilM]

leading """economists""" like Bharwana and the Finance Minister

Thankyou for that. I had my 'lol' moment for the day. There is no industrial base to speak of. Agricultural products, cotton,cement and sports good. Yes, that is the way to go to decrease CAD and FD. Btw, normally countries increase their industrial base to cater for strategic imports, they on the other hand closed down PSM. We have a bunch of Einsteins here including Bharwana.

 

[Śakra]

I am not an economist I am just a poor farmer who grows tomato.

YOU ARE ONE OF THE LEADING ECONOMISTS IN PAKISTAN.

 

[pak-marine]

https://www.dawn.com/news/1437564/pakistans-ability-to-withstand-external-shocks-diminishes

could this be the reason @BHarwana

 

[BHarwana]

https://www.dawn.com/news/1437564/pakistans-ability-to-withstand-external-shocks-diminishes

could this be the reason @BHarwana

Nope our stock market volume and profile is small we are not effected by external policies instead this is due to the crack down on imports and new tax policies. Previously the business which were based on imports will become less profitable and this reducing their share value. Investors are now shifting their investment in business which are export oriented. So in next week value of stocks which are export base will go up. If you are looking to invest to for fasilabad based textile groups stocks they will get now cheap gas. Sugar mill stocks they will get export permit. Rice stocks because of deal with Indonesia. IT stocks they will get govt support and so on.

 

[pak-marine]

What I find weird is that this does not even elicit a response from the main stream media. its a 1500 points drop in a single day!.

THE EXPRESS TRIBUNE

Stocks battered as KSE-100 index plunges over 1,000 points in intra-day trading
By Salman Siddiqui
Published: October 8, 2018
12SHARES
SHARE TWEET EMAIL

Concerns over macroeconomic situation of the country keep investors jittery. PHOTO: AFP

KARACHI: Stocks underwent another round of battering as the KSE-100 index nose-dived over 1,100 points in intra-day trading.

Selling pressure mounted owing to concerns on the political and economic front.

“The market has maintained downturn due to the government’s lack (of clarity) on a clear economic policy,” Arif Habib Limited analyst Tahir Abbas told The Express Tribune.



Stock market experiences dull week amid economic concerns

Although the government has hinted at going back to the International Monetary Fund (IMF) for a bailout to fix the faltering economy, people want a clear statement from the government.

Investors also await clarity on Saudi investment in various projects.

At 13:46, the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index was down 1,164 points or 2.97 per cent to 38,062.35 points.

Low volume and foreign sales remained salient features of the day. Also commenting on the situation, Arib Habib Head of Sales Saad bin Ahmed said the market outlook remains negative.

Market watch: KSE-100 falls as investors wait for clear economic policy

“Technically speaking market is heading towards 36,000 points,” he said.

Out of total 301 active stocks, 258 are trading under mounting selling pressure. Many of them have fallen by close to their lower limit of 5% or Rs1.

 

[!eon]

why these south aisan stock markets are going down badly these days?

I don't know what's the problem with other Asian markets but in Pakistan, they got a tabdeeli (change).

 

[313ghazi]

This is no surprise. The economy is being reset, black money being investigated, we'll have some short term difficulty.

 

[pak-marine]

Nope our stock market volume and profile is small we are not effected by external policies instead this is due to the crack down on imports and new tax policies. Previously the business which were based on imports will become less profitable and this reducing their share value. Prove are now shifting their investment in business which are export oriented. So in next week value of stacks which are export base will go up. If you are looking to invest to for fasilabad based textile groups stocks they will get now cheap gas. Sugar mill stocks they will get export permit. Rice stocks because of deal with Indonesia. IT stacks they will get govt support and so on.

thanks mate you make logical sense .. its most likely the shift in asad umars policy to drive exports market fatf team is also here you think that is no factor ?

 

[jaiind]

I don't know what's the problem with other Asian markets but in Pakistan, they got a tabdeeli (change).

Indian markets are also doing bad these days

 

[!eon]

Indian markets are also doing bad these days

Your election is also coming, may be tabdeeli is coming to you people also

 

[war&peace]

Stock markets will crash everywhere sooner or later...this artificial economic system will collapse under its own weight.