KARACHI -- Amidst volatile trading and thin market
participation, the Pakistan Stock Exchange (PSX) closed Wednesday's session flat.
"It will be a fairly thin market
to begin with and maybe that's why a lot of these provinces haven't rushed to get retail locations and bricks and mortar for day one," said PI Financial analyst Jason Zandberg.
'I don't think the IMF wants free-float for Pakistan, it's such a thin market
One recent research paper found that a near-tenfold rise in Bitcoin's price in 2013 was driven primarily by two bots engaging in suspicious activity in a thin market
Although serving a thin market
of around 1 percent in the country, Sy said Focus Global is contended.
The result was an irregularly thin market
combined with a backlog of orders piling up during the halts, which caused some ETFs to trade more than 40% away from their NAVs, many of which were down to a lesser degree.
The reports reveal that the new transparent hybrid system draws on the strengths of a market based auction system, while accommodating the compulsions of having to raise Rs.1 trillion worth of bonds in a relatively thin market
to meet the Government's borrowing requirement in 2018.
"It's a very thin market
. That's why the demand is always so high.
KSE-100 Index again dropped by 212 points to close in red at 49,375 levels amid a thin market
volume of 373 million in the last trading session of the week on Friday.
A trader for a Japanese bank said the selloff was probably partly caused by the breach of option barriers, and triggering of stop-loss orders in thin market
Some have pointed to a lack of liquidity in leading markets as driving the massive price fluctuations; in a thin market
, a small change in demand or supply can sometimes require a big shift in prices to restore equilibrium.