KSE: Floored

As per an SECP announcement, the KSE floor was removed on Monday, December 15. The bourse resumed normal trading despite an issuance of a stay order by the Sindh High Court on Saturday. Although traders are relieved about the resumption of normal market activity, the index is expected to see a downward spiral of up to 30 percent in coming days. In the following section, Dawn.com explains how we got here and what the removal of the floor means for the market and buyers.