After a blistering rally that started last week, the stocks took a pause on Tuesday with the KSE-100 index slightly down by 11.14 points to settle at 30,402.09.
“It meant conceding just a pittance from the heavy gains of 1,094 points in the last six sessions,” said a senior broker shrugging off the slight pullback on Tuesday.
While the local institutional investors decided to take profits yesterday, the foreign fund managers continued to express ahead in picking up value scrips, making net purchases of $4.88m worth stocks, divided about equally in the banking and oil and gas sectors.
Dealers said that the market was off to a firm start also on Tuesday with the index adding 60 points, before moving down to close in the red.
