Pakistani Investors Attack Stock Exchange

While we rely on government action to stop stocks from going down, investors in Pakistan take to the streets and attack the stock exchange.  As shown in the chart below, the Karachi All Share Index has now gone down 15 days in a row, with the biggest declines coming this week.  Since June 27th, the index is down 17.07%.  As shown in the image at right, Pakistani investors are taking their losses out on the Exchange itself.

Below is an excerpt from a Bloomberg article written today by Farhan Sharif:

Pakistan investors stormed out of the Karachi Stock Exchange, smashed windows and cursed regulators after the benchmark index fell for a 15th day, the worst losing streak in at least 18 years.

``I have lost my life savings in the last 15 days and no one in the government or regulators came to help us,'' said Imran Inayat, 45, a protester and a former banker who retired early and said he lost 300,000 rupees ($4,175) on the market.

click to enlarge

Comments

[dieuwer]

Dumb mob. Instead of gambling at the stockmarket, should have bought gold.

[notsosmart]

dont ever put in the market what ou cant afford to lose.dont believe anybody anymore on anything.think for yourself.

[CaptBob]

Should have sold nuclear technology to Iran!! oopps-scuse' me they did!

And this bunch of Muslims is gonna help us toss that other bunch of Muslims--(al queda)--out of their country--sure they are.

I like the way they're taught to renounce violence. Can't they just stone a few stock Brokers in the public square, like us civilized Westerners?? They can't throw them under the bus, the passengers would fall off the roof.

[adan]

as per my comment on a similar article re the rioting in pakistan due to stock market losses:

who do these people think they are? the specially designated dealer brokers in our own country!?! :-)