Bulls in the ring.(Stock Market)

Bulls continued to dominate during May as the index rose by 74 points to 3099.04 or by 6 per cent, crossing the 3,000 mark. Similarly, the aggregate market capitalisation jumped Rs.42.89 billion to Rs.684.279 billion or by 6.7 per cent. Several factors contributed to this rise. For example, heavy inflow of remittances from overseas Pakistanis which went into stock market apart from real estate and jewellery. The reiteration of the finance minister that the forthcoming federal budget will be business finally was another factor. The mega projects e.g. Habib Bank, PTCL, etc. are bein