Karachi Stock Exchange (KSE) investors are compelled buying and selling shares on cash, as the badla financing facility is scarcely available and the market is not getting any support.
KSE members and analysts told that despite purchases being made from the support fund, one of the reasons for market remaining under pressure is the non-availability of financing facility, besides lack of confidence of the investors and asking for submission of the accounts of some brokers by SECP. Delineating on the second reason for market remaining under pressure analysts told after initial upbeats, the market slipped into the grip of bearish trend due to banks selling CFS defaulters’ mortgaged shares in the market. Analysts further said that the market could bounce back through kicking off trading in futures and easing out the facility of Badla financing.
KSE members and analysts told that despite purchases being made from the support fund, one of the reasons for market remaining under pressure is the non-availability of financing facility, besides lack of confidence of the investors and asking for submission of the accounts of some brokers by SECP. Delineating on the second reason for market remaining under pressure analysts told after initial upbeats, the market slipped into the grip of bearish trend due to banks selling CFS defaulters’ mortgaged shares in the market. Analysts further said that the market could bounce back through kicking off trading in futures and easing out the facility of Badla financing.
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