Positive news flows failed to stop bearish tide as index fell below 30,000.

News of a major international hedge fund’s exit created panic at the bourse.

Heavy selling by foreign investors along with upcoming gas price hike were causes behind decline.

Foreigners sold net equity worth $4.4 million during the week

Lack of triggers and foreign selling kept investors sidelined throughout the week.

Foreign buying and positive news flow aided market’s recovery

Foreign selling and profit-taking the main reasons behind the sharp decline

Rebound in crude oil prices also aided the market’s gains.

Cement and fertiliser shares shine while oil and gas drag the index.

Discount rate optimism and foreign buying provide boost to market.