One of World's Top-Performing Stock Markets Has a Facebook Issue
- About 32 Facebook groups, 100 tippers identified by regulator
- Educating investors, creating awareness is the way out: Tundra
A trader is reflected against the trading hall of the Karachi Stock Exchange in Karachi, Pakistan, on Wednesday 08 May, 2013. Pakistan is to hold parliamentary elections on May 11, according to opinion polls Nawaz Sharif of the Pakistan Muslim League-N (PMLN) leads Imran Khan of Pakistan Tehrik-e-Insaf (PTI) to replace Asif Ali Zadari and become Pakistan's 12th President.
Photographer: Asim Hafeez/BloombergIn March, Karachi-based United Bank Ltd. plunged 7 percent on rumors its chief executive officer was arrested. The company denied it, the stock bounced, though not all the way back.
A month earlier, shares of Hascol Petroleum Ltd. dropped the most since 2015 as messages circulated on WhatsApp that the company had been ordered to pay $60 million after losing an arbitration case against MENA Energy. The fine is “a figment of someone’s imagination,” Hascol said in a March 1 filing.