Not for a Rise, Anyway

Not for a Rise, Anyway Nishtar THE stock market simply marked time last week, moving to and fro in an indecisive manner. It beat no further retreat, but it made no attempt to move up either Activity shrank further, and much of this limited business was precautionary trimming of outstanding positions on the eve of the parliamentary elections. Net changes over the week showed a mixed price pattern, with plus and minus signs almost evenly spread out. Only the shares of companies engaged in the manufacture of rayon tyre cord yarn (Century Rayon, National Rayon and the DCM subsidiary Sri Ram Rayon) have had a rather bad knock as the cut in tyre cord prices is likely to make a quite big dent in their profits.