Today's market

The index closed down 124pts closing at 33733. Volumes were down 20pc at 143mln shares and value traded was up 4pc at Rs6.2bln. Monetary policy announcement was largely priced into the market so the index lost ground though on light volumes. Most of the days actively traded stocks lost value today with the exception of Sui Southern Gas, Treet and Ferozsons. Once volumes return, market direction will become more discernible.