A blawg containing a periodic review of topics of interest in corporate and commercial law that impact India
Monday, September 1, 2008
A new floor price concept!
A friend pointed me to a notification by the Karachi Stock Exchange which it has issued due to the falling stock prices in Pakistan - The Karachi Stock Exchange came out with a notification that going forward, stocks cannot trade below the closing prices as on 27 August 2008. So, the price as of August 27th is set as floor price for all stocks until further notification!