Today's Market

The market closed down 233pts at 48307 on turnover of 206mln shares and value traded Rs.10.9bln. Total fluctuation during the day was 559pts. Turnover was up 6pc while value traded was down 9pc. With speculation growing on imminent Panama Case verdict the market found it difficult to hold on to any gains. Since 23rd Feb, when the judgment was reserved, the index has lost around 750pts. On the other hand market low on 23rd Feb was 48478. 185pts were lost today due to HBL, UBL, PPL, HUBC, MCB and DAWH.

ASTL, MUGHAL ended at upper cap while KEL and RPL closed lower over 4pc.

​Market looks to a verdict on the Panama Case to determine future direction.