Stories about stock market

Saif Ali Khan’s Baazaar may not be extraordinary but it surely is different

Baazaar is heavily inspired by the 1987 Michael Douglas-Charlie Sheen film, Wall Street. The movie revolves around Rizwan Ahmed who recounts his experience of the Mumbai stock market. The film chronicles the world of influential and calculative power brokers, business tycoons and industrialists. Rizwan (Rohan Mehra) is an educated and ambitious boy from Allahabad who comes to Mumbai to fulfil his dream of making it big and cracking the stock market. He idolises Shakun Kothari (Saif Ali Khan), who is a conniving and virile tycoon known famously for his business acumen in the world of the stock market. Rizwan sets off ...

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Can Pakistan’s economic stability and businesses survive Nawaz Sharif and Ishaq Dar’s disqualification?

In one of his first public appearances, former Prime Minister Nawaz Sharif was reported to have said the following: “During my tenure, the stock market increased from 19,000 to 52,000.”  So, is a rising stock market really a barometer of a strong democracy or just a number game for a selected few? We surely cannot say at the moment. To all the Pakistan Tehreek-e-Insaaf (PTI) sloganeers, Nawaz is gone, but is prosperity, not tabdeeli (change), around the corner? Pakistan Muslim League-Nawaz (PML-N) was primarily the only major political party that was known for their pro-growth temperament. Despite never being able to complete their full term, businesses cheered on the so-called economic focus ...

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Are you ready for what awaits you in 2017, Pakistan?

The year 2016 has been a rollercoaster for the world over. From Brexit to Trump, there have been setbacks aplenty. But while the world has gone topsy-turvy this year, I feel that 2016 has been a better year for Pakistan. Due to the operations taking place in various areas of the country, crime rate has decreased exponentially; terrorism attacks have been fewer and far between and Pakistan has established itself as a growing nation, both in terms of international relations as well as economics. Keeping this in mind, I cannot help but feel positive about the year ahead. Here are the top 10 things Pakistanis can look forward to in 2017: 1. The ...

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The Karachi stock market is not a casino, Pakistan – stop gambling!

“Becho, becho” (Sell, sell) “Lay maal”  (Take the stock) “Karachi stock market mein shadeed mandee (decline)” “Shares key karobaar mein hazaar point ki kami”  (A 1,000 point drop in shares) Such are the headlines across the media nowadays which happens to be the topic of discussion among many. Meanwhile, the broader Index, KSE 100, declined by an eye-popping 17.5% from 35,055 points to 28,927 points in less than two months. For many, this is another bad experience, but for some, it has turned out to be an exciting opportunity. Like any doctor who sees a sick patient, we must first assess the rational reasons behind the steep fall. Sometimes, the doctor correctly identifies ...

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What will happen to the stock market if the PM resigns?

In 2007, I underwent a six-hour-long marathon panel interview at the London office of one of the (then) largest hedge funds in Europe called XYZ Capital*. A senior partner – perhaps a PhD holder – drew the entire map of the Middle East, East Asia and Europe, and tested my knowledge about the current affairs of each country turn by turn. After a gruelling session, the partner remarked, “An investor may have the best of quantitative minds but markets don’t make sense if the political factors don’t make sense.” I engraved it then but have only felt it now. Surviving through the minor speed breakers ...

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“Altaf Hussain has been arrested – get home, now!”

1:20 pm, Tuesday, June 3rd It was a regular weekday with the familiar hustle of an office facing tight deadlines. Some people had finished their lunch and were chatting over tea about the upcoming football world cup. Others were just about to tuck into their food and planning out the post lunch work plan. A colleague broke the news, the possibility of which had been discussed in hushed tones many-a-times. Breathlessly she spilled the words: “Altaf Hussain (Chief of the MQM Party) has been arrested!” All was left aside and everyone started checking social media for updates. Some turned on the news ...

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Pakistan’s Stock Market: A lost investment opportunity?

The phrase ‘stock market’ has a charm around it, which grabs the attention of almost any listener anywhere in the world. In Pakistan, however, it portrays a picture of an exclusive club for the aristocrats who bet their easily earned fortunes in the corporate bazaar. However, perceptions are often incorrect and the same is the case with the Pakistan’s stock markets, where the consequences usually involve lost opportunities to rake in money. A recently published report in The Economist concluded that the proportion of capital to labour is rising in developing economies. Simply put, to employ your human capital, as an entrepreneur, provides more financial ...

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Cowards’ portfolio: The best time to ride the bull wagon

The last time I was writing a speakers’ corner, the Karachi Stock Exchange (KSE) was jumpy, mainly due to the fact that the imported cleric Tahirul Qadri had taken the streets of the Islamabad for his encore. Coincidentally, when I am writing this piece the market is turbulent, but due to very different reasons. The stock has lost some 1,800 points since peaking at 22,757 two weeks ago, but that was expected as despite stocks being available at a bargain, the market was overbought. Last year, Pakistan’s largest stock market outperformed all major indices across the globe, so you need not ...

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Investing in underdeveloped sector

Usual jokes about private equity resurfaced on social media as soon as the news of former governor of Massachusetts, Mitt Romney, joining Solamere Capital — a private equity firm his son set up in 2008 — emerged on March 6. Romney’s unsuccessful bid for the White House last year is attributed, in large part, to the Democrats’ ‘propaganda’ against private equity as well as Bain Capital, which the former presidential hopeful co-founded and led as CEO until 1999. So what is it that makes private equity professionals so bad in the eyes of American liberals? A simple answer would be that they ...

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A coward’s portfolio

Investing with perseverance is not easy, and very few people think otherwise. As seen during the so-called ‘crash’ of the stock market on January 15, investors are the personification of cowardice in the truest sense of the word. As the manufactured revolution of the imported cleric continued, investors kept their eyes on television sets instead of the price chart to see where the money trend went. The news of the arrest order against the premier dropped like a bomb and investors panicked, scrambling to protect their most prized possession – money. One other trait found in the majority is that they’re ...

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