Stocks resumed the downward journey yesterday with the KSE-100 index giving up another 156.54 points or 0.53 per cent to close the week at 29,380.50.
After a brief burst of optimism the earlier day, investors’ sentiment dampened giving way to a volatile trade with thin volumes.
Mutual funds thought it prudent to sell $1.74 million worth equity as many of the over 40 funds did not want to put their certificate/unit holders’ money in peril, under a cloud of uncertainty.
The foreign funds also thought it wise to wait and watch with portfolio outflow of net $0.41m.
