The ‘bear run’ came to a halt yesterday as the KSE-100 index staged recovery of 154.07 points or 0.52 per cent to close at 29,537.04.
The positive closing of the benchmark however came after a roller-coaster ride with the index taking an earlier plunge of another 128 points.
Adding to the drastic fall of 931 points in the last three sessions, the market seemed oversold. However, the investors continued to act on news flow over the political situation.
The general feeling was that with all political parties trying to defuse the explosive situation, a solution to the feared crisis leading to Aug 14 could be found.
