Stocks settle above 83,500 for first time

KARACHI: Shrugging off mounting political tensions and internet disruptions across the country amid PTI protest in the federal capital, the stock market extended its winning streak for the fourth consecutive session on cherry-picking, propelling the benchmark index to its highest-ever level above 83,500 on Friday.

Commenting on the market bull run, Ahsan Mehanti of Arif Habib Corporation attributed the setting of a new all-time high in the weekend session to investors’ picking up blue-chip...