KSE’s bulls running out of control!
Karachi Stock Exchange crossing the 13000 mark today, reaching a historical high. What are the implications? This robust financial hub of Pakistan is ablaze with activity, but is it necessarily a good for the economy in the long run? Higher stock proces and larger volumes don’t translate to higher earnings for investors. Is it mere speculation and game-play or are our companies really doing that well? Are we really growing at a pace matching that of Chinese and other Asian economies?
So many questions in my head What does everyone else think?