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.