Thread by @JawadShamim

#PSX losing charm every passing day? Activity at the bourse says so…

Long 🧵, hopefully an interesting one.

With #PSX being in existence for a long time now, 🇵🇰 hasn’t really seen a pick-up in #investor base – or say has been seeing a downfall.

1/n

While in we are aware of lack of interest in equities, I did some working on turnover in PSX. It’s a disappointing one (see chart below). #PSX is trading $45mn p/d on avg. these days – just a notch above what we used to trade back in the end of 1990s. Yes, let that sink in.

2/n

While this is saddening, this shd be questioned! #Tech has picked up which shd hv made investors’ access easier; businesses are making money, thus attract investors; both buy & sell side of capital markets hv grown in size. Yet why have we only fallen down rather grow?

3/n

In my opinion, significant #structural issues, and lack of interest of #governments in developing the #capitalmarkets are two main reasons as to why we are here.

4/n

On the flipside, it’s also an #opportunity in offering. There’s a big gap to fill – what local players will have to take #motivation from is how quickly applications like Binance and OctaFX have #penetrated in the same country.

5/n

@motasim @Sabbandkardo @rogueonomist @AzamAKhan2 @Nutellastaan @abay_insaan_ban @MiftahIsmail @FarrukhHKhan @FaseehMangi @adeel_azhar @Profitpk @khan_sanie @AribaShahid

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