Pakistani Investors Stone Karachi Exchange as Stocks Plunge

[corporatemedia]

Source: Bloomberg

Pakistani Investors Stone Karachi Exchange as Stocks Plunge

By Farhan Sharif

July 17 (Bloomberg) -- 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.

Police surrounded the exchange after hundreds of investors stoned the building and shouted anti-government slogans. They directed their ire at the government and Securities and Exchange Commission of Pakistan, which this week removed a 1 percent daily limit on price declines. The measure was aimed at halting a slide that wiped out $30 billion of Pakistan's market value in three months, threatening to undo a 14-fold rally since 2001.

<snip>

In Karachi investors today broke windows, threw plant holders in the parking lot of the building, burned shareholder statements and at least one protester was injured, prompting intervention by police and the paramilitary. Investors were also protesting outside the Lahore and Islamabad stock exchanges, Geo Television reported.

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Read more: http://www.bloomberg.com/apps/news?pid=20601087&sid=a111C0hsxBic&refer=home

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Capitalism 101 ?


OR

"They'll stone ya when you're tryin' to make a buck.
They'll stone ya and then they'll say, 'good luck.'
Tell ya what, I would not feel so all alone,
Everybody must get stoned."

http://www.bobdylan.com/songs/rainy.html

[Ian David]

1. No one is to stone The Stock Exchange until I blow this whistle!

Do you understand?



Even-- and I want to make this absolutely clear....

... even if they do say Jehova!

[dipsydoodle]

2. My first thought too

:rofl:

[corporatemedia]

3. LOL (and thanks for getting the pic from the Bloomberg story). n/t

[Ian David]

4. You're welcome! It took some doing.

Step 1: Open in Mozilla Firefox
Step 2: Go to Tools Menu
Step 3: Select Page Info
Step 4: Select 'Media'
Step 5: Locate and highlight image
Step 6: Select 'Save As'
Step 7: Select 'All Files'
Step 8: Name file as XXX.jpg
Step 8: Upload to PhotoBucket account
Step 9: Share and Enjoy