Hardening All Round

Depressed because of Refugees Nishtar THE stock market presents a picture of gloom. It has been forced to beat a further sharp retreat tinder pressure of persistent selling. Bulls have been on the run, hotly chased by bears. Despite the ban on forward trading since June 27, 1969, speculative activity has continued to account for the major bulk of business in the stock exchanges, especially in Dalai Street. And speculation is by no means confined to cleared securities. Equity prices have registered further heavy losses over the week and it is the more popular, easy-to-sell, counters