Last month the Pakistani Small Investors Association made a "demand that all stock prices be frozen at current levels". Ask, it seems, and you shall receive: The Board of Directors of the Karachi Stock Exchange has decreed that although stock prices are free to rise as much as 5% per day, they’re not allowed to fall below Wednesday’s closing price.
Genius. Next step: why not decree that no trade can be made at less than 1% above the previous day’s closing price? Guaranteed profits for everyone!
(Via Bloomberg via Campbell via Wiesenthal, I know I’m late to this.)