Stocks eke out gains despite foreign selling

KARACHI: The stock market had a strong start on Friday due to positive export numbers and optimism about a potential decrease in interest rates. However, uncertainty about debt rollovers and the approval of the IMF’s new bailout led to selling pressure later in the day, erasing most of the early gains. Nevertheless, the benchmark KSE 100 index eke out gains despite aggressive foreign selling.

Ahsan Mehanti of Arif Habib Corporation said buying in second and third-tier scrips helped the...