Lahore Stock Exchange
Tuesday, April 21, 2009

Lahore Stock Exchange sacked investors requested all other national and foreign investors to withdraw their money from Pakistan stock exchange (Karachi Stock Exchange, Lahore Stock Exchange and Islamabad Stock Exchange) as a protest-Small stock exchange investors asked Pakistani government for financial assistance-Pakistani stock exchange turned my 200,000 to 0.00-Broker refused to give shares to sacked investors
Could you believe that I invested 200,000 rupees in Lahore stock exchange and left with 0.00 balance! Our family is feeling as we are robbed by dacoits. There is apprehension of negative numbers due to CFS. I do not consider stock exchange business a fair business. I wonder whether it is business at all. Large numbers of people advised me not to invest in Pakistan stock exchange (Karachi Stock Exchange, Lahore Stock Exchange and Islamabad Stock Exchange) since stock exchange deprived many families from all of their wealth. Large groups are sitting on specific company shares like Engro etc. I concluded that stock exchange business in Pakistan is a game without rules. Such a large amount finished in no time. I strongly believe that there should be some rules like share values cannot drop less than a specific value or last year value etc. Further, corrupt and weak economies like Pakistan are completely exploitative. I sold all my shares. Now stock exchange index started to go up. Today I tried to purchase shares on CFS but my broker (MILLENNIUM BROKERAGE, Lahore Stock Exchange Ph: 042-6280771-6) refused on the grounds that I have no balance. We suffered so much loses. They should provide us any advantage to recover our losses. I want to know the pinion of silent stock exchange regulators since Security and Exchange Commission of Pakistan (SECP) never responds emails.
Small Pakistan stock exchange (Karachi Stock Exchange, Lahore Stock Exchange and Islamabad Stock Exchange) investors asked government to provide them financial assistance. Small stock exchange investors demanded that those investors who invested in the range of 50,000 to five lakh rupees should be given financial assistance since nothing is left with them. In such circumstances, sacked investors requested all other national and foreign investors to withdraw their money from the stock exchange as a protest. Pakistan people party government has not accepted any public demand yet. They should provide some sort of relief to people suffering miseries. Thousands of people including me are looking towards them.
Months of continuous recession in Pakistan stock exchange turned money to rubbles. Our families are baffled on this manipulation. They ask why government or concerned authorities did not come forward to save sacked investors. They ask no one inquire any type of exploitation in Pakistan. It looks there exists apathetic anarchy in Pakistan. Street protestors left Pakistan stock exchange months ago. They were source of confidence for those silent losers who thought that someone is there to speak on there behalf. Now there are only those innocent investors left who had little idea of this type of manipulation. Although Pakistan stock exchange concerned authorities and Pakistani government never considered peaceful protests sympathetically yet I want to record my protest. There is complete apathy and no solution is provided.
Are we failed nation who cannot sustain our economy? All the world press and media are laughing on our Pakistan stock exchange (Karachi Stock Exchange, Lahore Stock Exchange and Islamabad Stock Exchange). Our Pakistan stock exchange (Karachi Stock Exchange, Lahore Stock Exchange and Islamabad Stock Exchange) have become second worst and currency has become fourth worst currency in the world. Pakistan stock exchange ) king makers manifested that they are strong enough to repeat the 2005 crash. Recent 2008 Pakistan stock exchange (Karachi Stock Exchange, Lahore Stock Exchange and Islamabad Stock Exchange) crash is the biggest crashes during stock exchange history.
I would not have written this article if there had been no real reason to protest. I am continuously facing discrimination due to blocking in particular scripts. This manipulation is continued for last many months and deprived me from all of my money which was invested in Pakistan stock exchange (Karachi Stock Exchange, Lahore Stock Exchange and Islamabad Stock Exchange). The most discouraging is a fact that regulatory institutions are not taking enough measures to resolve these issues. During these months, inflation reached to its highest level i.e. around thirty percent. One main reason is commodity investment and hoarding. This caused great price hike and high inflation. Pakistan stock exchange (Karachi Stock Exchange, Lahore Stock Exchange and Islamabad Stock Exchange) investors suffered two types of losses. One their money is depleted due to crash. Secondly like all other people they suffered price hike and inflation. Believe me it is worth millions of rupees investigation which I have presented without any reward.
0 comments: to “ Lahore Stock Exchange ”
Post a Comment