Stocks Observer. com

Much-awaited consensus among the political parties over the 18th Constitutional Amendment immediately after, apparently, successful Pak-US Strategic Dialogue boosted up the sentiment of stock trade on the local bourses during the week ending Friday last. Still some players remained cautious in the wake of ongoing proceedings in the apex courts regarding the implementation of its earlier judgement against the defunct as well as infamous National Reconciliation Ordinance. Traders opened the week under review on a negative note and the market shed almost a percentile in one go. Apart from other deterrents, the players kept on sidelines due to fact that the State Bank of Pakistan kept the interest rates unchanged in its latest quarterly review. Political uncertainties emanating from the pressure building up on President Asif Ali Zardari as well as the Government for reopening of the Swiss cases forced some major players to stay out of the wring throughout the week. Pundits attributed the ...