As I mentioned in my last post yesterday, the SECP decision to abolish Badla has negatively impacted the market. Index was down today 296 points and is all set to shed another 200-300 points this week.Suffice to say, all this could have been handled in a much better way.
All those lucky ones who were able to sell their shares this morning must be relieved. A major battering took place during the second session. One needs to now take a back seat and watch the innings take the shape. This week appears gloomy with 2 days left before the weekend and small investors' confidence shaken.
It is expected that SECP will announce an alternative with in the next 2-3 days but nothing seems good enough now to revive the investor sentiments. Then again, we have seen this many a times before where such things are just referred to as hiccups and life moves on !!!!!
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