Syed Zaki HussainThere was absolutely nothing except a panic like situation from overleveraged retail segment in response to what happened in Islamabad yesterday. Market lost over 1000 points and recovered as the panicky leveraged players offloaded their positions.
Economic Indicators refute the notion about weak footing of economy. Some experts also believe that Pakistan’s Political Economy has gained strong roots to the extent that parliamentary form of democracy is not supposedly going anywhere and as such Parliament is expected to complete its term.
Investors with deep pockets bought stocks at low at 45200 level and followed profiteering at 46000 levels which shows confidence in the market, and political economy.
The widespread sentiment that PTI Government was not going anywhere may be sigh of relief for many, but the likelihood of history repeating its past is expected to enrage the market quite, until for some time.
Considering that PPP is highly unlike to sweep elections, then what suits to political landscape of power-politics is that the PPP somehow gets the remaining term of present parliament which in turn may settled the dust and turmoil which has abruptly been created by the PDM. Should this happen what shall be the response of AREA—52, remains a question?
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