As usual, blue chips led the way, tracking the global rally, thus pushing the key index up a hefty 17.98 points to 1,715.67 on Thursday. Yesterday, the local bourse retraced some 7.29 points to 1,708.38 due to profit-taking selling, morroring the offshore trend. Statistics: For the week, the major index edged up 10.03 points, or 0.6% to 1,708.38 yesterday, versus 1,698.35 on Feb 24. Nevertheless, the revival of the local market offers the bulls at home another shot at the 1,730 points heavy resistance barrier. Initial support is anticipated at 1,700 points, followed by the 1,680 points.

Source: The Star March 03, 2017 23:48 UTC