Stocks settle for modest gains as political worries weigh
(WorldNews Pakistan)

Stocks on Friday settled for meager gains despite late bargain-hunting in selected scrips and upbeat current account deficit numbers, largely owing to concerns that a worsening ongoing political turmoil could destabilise the struggling economy of the country, dealers said. Ahsan Mehanti from Arif Habib Corporation said the market closed little higher in late session rally during the earnings season amid bullish global equities. “The reports on surging foreign exchange reserves amid release of $974 million IMF (International Monetary Fund) loan installment and hopes for an improvement in Pakistan-US trade ties following Prime Minister’s visit next week, guided the stocks to end in...