Stocks rally despite political jitters.

KARACHI -- Trading on the stock market commenced in the outgoing week on a positive note and the momentum continued throughout the week, thanks to the premier's visit to China.

Arif Habib Ltd said another reason for the bullish trend was the country's trade deficit narrowing down by 26.59 per cent to $11.47 billion in the first four months of the current fiscal year.

The rupee was slightly up against the greenback as it closed at 221.95, higher by 0.2pc on a weekly basis.

In addition, reserves of the State Bank of Pakistan increased to $8.9bn, up by $1.5bn, reflecting the inflows from Asian Development Bank.

However, the stock market went down towards the end of the week owing to an attack on former premier Imran Khan.

As a result, the index closed at 41,856 points after gaining 716 points or 1.7pc from the preceding week.

Sector-wise, positive contributions came from technology and communication (168 points), oil and gas exploration (144 points), fertiliser (107 points), power generation and distribution (85 points) and cement (66 points).

Sectors that contributed negatively were insurance (10 points)...

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