Stock Market
The Stock Market
Past few years have been outstanding in many ways for the emerging Pakistan's stock markets. Karachi stock exchange (KSE) index witnessed the all time high by crossing the 2661 market, yet deeply plunging back recently, representing erosion of some 40 percent capital worth of the market. There were major inflows of foreign institutional capital. Public listing of a score of new brokerage house with foreign links-up, the privatization of the telecom, laying the foundation for a corporate bond market and huge investment pledges in the private power sector, is some important features in the list.
The shift from straight debt securities to equities, mostly because of the widening gap between deposit rates and mostly because of the widening gap between deposit rates, and prevailing inflation rates, is a welcome move in our money market, as equity investment appears closer to Islamic norms among the available instruments. This positive response to equity market is......
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Approximate Word Count: 1902
Approximate Pages: 8 (250 words per double-spaced page)
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