Stocks Observer. com

The government is holding the stock market hostage as it announces no firm date of re-opening of the market, nor is there a glimmer of hope about the promised stabilisation funds. Brokers, traders and investors waited wearily on Thursday, as the closure of the KSE entered its fourth month—the longest peacetime shutdown of any equity market in the world.There are numerous parties that have contributed to the stock market chaos. The off-market trade is indicative of the dip in investors’ confidence. But that is just the surface; the undercurrents are scary.Most knowledgeable quarters now lay the blame for an ongoing stalemate squarely at the door of the government.“The situation is now out of control of regulators,” contends one major participant.He explains that it was wrong of the KSE to have done so—and the advisor on finance to the PM, Shaukat Tarin—after taking office did the first thing to express his displeasure at putting the ‘floor’ under the KSE-100 index. But following the mee