Buying at dips helps index snap bearish run
KARACHI: In a highly volatile weekend session, the stock market snapped a four-session bear run on late institutional buying on Friday.
Topline Securities Ltd said that by extending its overnight bearish momentum, the market opened negative and declined 625 points (0.55pc) intraday. However, in the second half, institutions bought at the dips, helping the benchmark KSE 100 index recover to close at 113,247, adding 609.03 points or 0.54pc day-on-day.
Ahsan Mehanti of Arif Habib Corporation said stocks staged a partial recovery led by blue-chip oil and cement scrips amid surging........
© Dawn Business
