ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Importers on Strike

Record 'Badla' Rates Nishtar THE stock market appears to be in a somewhat chastened mood. Bullish fervour is beginning to cool off. After striking a new all-time high on September 16, the market has staged a mild retreat under pressure of profit-taking. Unable to attract fresh follow-up support at higher levels, bulls have been inclined to cash profits. Selling has been quite heavy at times, particularly in the speculators' favourites, but with the overall sentiment sustained by the steady flow of encouraging corporate news, profit-taking has been absorbed without causing a break in prices. Trading has not been altogether without some bright spots but it is the hitherto neglected or less-popular counters which have been in the limelight. Net changes over the week present a mixed pattern with minus signs far outnumbering the plus signs.

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