KSE = echo chamber of self-delusion

5 companies?
best performing doesn’t mean diddly squat...a paanwallah could have a higher % growth in revenue compared to microsoft...fact of the matter is that the KSE is a echo chamber of paki self-delusions with only pakis investing in the 3-4 companies that can move the index..no real new companies, no biocons, nothing...



KSE among worst performers in 2006

But apart from market performance, small investors in particular, who were given to make doleful of money from new offerings the year earlier, were disappointed as only five new companies entered the equity market to raise capital, amounting to only Rs1.9 billion. That compared with 14 IPOs worth Rs13.6 billion (including green shoe option) recorded in 2005.