Today's Market

The market closed down 266pts (0.7pc) at 38149 after making an intra day high of 200pts plus. Turnover was on the lower side at 124mln shares while value traded was Rs 7.5bln as small caps dominated the volume leaderboard. A couple of days of net outflow has made participants wary of taking fresh positions. After last week's stellar performance the index has so far lost 2pc this week. The only bright spots in today's session were NRL AND AKZO both up 5pc.