Securities can trade within their daily limit of 5 percent "but not below the
floor-price level'' of yesterday's close.
I had to re-read this a couple of times. So they are outlawing the fall of stocks prices below the last closing price. While they're at it why don't they outlaw gravity, or perhaps one can't fall below however much one has risen.....
This is the original post on the Karachi Stock Exchange: http://www.kse.com.pk/kse4/notices2/shownotice.php?id=004177
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