Since February 2015, the market has lost over 70 percent of its value. Year-to-date losses have claimed 22.6percent, 8.2percent and 18.1percent for NASI, NSE 20 Share Index and NSE 25 index, respectively.
With the long-term decline, it is possible many employee stock options (ESOP) awards have turned underwater - there are about eight ESOPs by listed companies operated as part of their management compensation package.
