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bloomberg.com - 12/15/2008

India & Pakistan

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Pakistan’s Stocks Mostly Untraded as Regulator Eases Limit By Khalid Qayum and Farhan Sharif Dec. 15 (Bloomberg) -- Pakistan stocks were mostly untraded as the removal of some trading curbs failed to persuade investors to reenter a market shuttered for almost four months following the ouster of ...

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Morning Reading: Madoff, GM, Shipping, SWFs, Snow, etc.
Paul Kedrosky's Infectious Greed — A few links to items worth reading: The 17th Floor, Where Wealth Went to Vanish (NYTimes) Is a GM Bankruptcy Inevitable? (NC) How a GM bankruptcy might play out (TheDeal) Some Chinese shipping rates soaring (FT) "Hopeless" pound forces Britons to pay more for trips, etc. (Bloomberg) U.K. debt seen as almost twice as risky as McDonald's debt (Bloomberg) Pakistan's index falls to 2-year low after lifting curbs (Bloomberg) Sovereign loss funds … (Setser) This year's IPOs fewest since 1979 ...

Pakistan market re-opens, after 3 1/2 months
GalaTime — Bloomberg: Pakistan’s Stocks Mostly Untraded as Regulator Eases Limit Pakistan stocks were mostly untraded as the removal of some trading curbs failed to persuade investors to reenter a market shuttered for almost four months following the ouster of the president and a slump in global equities. Almost three-quarters of stocks on the Karachi 100 Index didn’t trade after the regulator ended restrictions preventing the measure from falling below its level of Aug. 27, shielding investors from a record plunge in equities. The regulator kept a rule preventing the gauge from falling more ...