Today's Market

The market opened strong rising 500pts at one time on the back of strong recovery in Oil stocks after OPEC agreement on output cuts. However once news of Indian firing across the LOC with Pakistan broke investors were unnerved and the market surrendered all its gains closing 60pts down. Turnover was once again heavy at 712mln while value traded touched an year high at Rs.21bln as big caps saw increased activity.

Banks, E&Ps rose during the day while chemicals lost ground.

Top performers were WYETH, HINO, INDU, SHEL, POL and OTSU rising 5pc.

ICI nd TGL lost 5pc while GTYR and LINDE was down 3pc.

The tension with India has added volatility to an otherwise firm market.