Stocks post weekly gains despite profit-taking, political noise
(WorldNews Business)

KARACHI: One of the longest rallies at the Pakistan Stock Exchange (PSX) that saw the KSE-100 index record stellar gains of 14 per cent in 13 straight sessions was snapped during the outgoing week as the heat on political front forced investors to turn to profit booking. The benchmark index ceded 697 points in the last two sessions and yet managed to close the week with an addition of 410 points (0.98pc) at 42,934 points. Strained Pak-US relationship followed by increasing noise on the domestic political front remained the major factors that forced investors to flee. The bourse started the week with bullish sentiments influenced by increased interest of...