A balancing act?

THE Securities and Exchange Commission of Pakistan has decided to go back to the same lower and upper locks that our bourses were subject to before June 23. The Commission, which regulates the country’s stock markets and financial institutions, has imposed the more strict locks as a market cooling measure. The market was getting a little too hot, susceptible to a possible meltdown. They were probably more or less successful in achieving that end. But the measures came with their own price in terms of falling market trading volumes. The previous locks were, therefore, reverted back to.