Marking Time

Marking Time Nishtar THE stock markets chose to mark time. Excepting Lyons Range, which was under considerable pressure induced mainly by apprehensions about labour unrest in the engineering industry, other markets put up a fairly steady appearance though they also staged a further modest retreat. Rallies continued to attract tired bull liquidation but selling pressure subsided at lower levels and there was also some evidence of cautious buying in selected counters, especially in the cash section. Net changes over the week made a mixed showing with gains outnumbering the losses by a small margin. Neither bulls nor bears seemed happy over the outcome of their week's encounter.