The stock market remained quite unimpressed by the budget as it opened on the first day following its announcement.
The benchmark KSE-100 index moved in a wide band of 321 points, yesterday, which provided trading opportunity to punters and day traders. The index finally closed down by 52.75 points at 29,452.23.
The investors’ reluctance to make fresh purchases was also due to the volatile law and order situation in the city.
The salient feature of the day was the traders’ scramble to lap up the textile stocks, which resulted in almost all active textile scrips hitting their ‘upper circuit’.
