Still better than Pakistan…

On August 27, the Karachi Exchange in Pakistan imposed a price floor – the market was not allowed to fall below 9,100. How has that worked? As you can see, prices fell to that 9,100 level and then trading essentially ceased.

Now, the Karachi is meeting with the SEC to determine if they will shut down the market for good. Paul Kedroski has the details, and more information available here and here.

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