Today's Market

The market closed down 173pts at 48865. Volumes were 413mln while value traded was Rs20bln. Right from the start the index came under pressure due to selling in fertilizer stocks on end of subsidy. FATIMA and EFERT closed at lower cap. One the other hand NRL, FFL, ANL, LOADS, MUGHAL and AVN closed at upper cap. Outflow during the day was USD 5.5mln. Upcoming textile package should give strength to textile stocks.