Today's Market

The market closed up 90pts at 42203. After opening sharply lower it regained it's losses of over 700pts towards the end of the session, shrugging off the surprise election of Donald Trump. BOP and SSGC notched up highest value traded this calendar year. Four top traded stocks by value crossed the Rs 1bln mark, BOP, ATRL, SSGC and TRG. Total market volume was 550mln while value traded was Rs 21bln. Top four stocks accounted for almost 30pc of total market value traded.

Pakistan's economic fundamentals seem to satisfy investors so far of corporate results. New US policies towards Pakistan as well as direction of foreign flows are likely to induce continued volatility at current index levels.