Today's Market

The index closed down 286pts to close at 32682. Turnover was 135mln shares and value traded was Rs9.1bln. The market opened lower right from the outset and stayed that way responding to the stock rout in China. Today's USD6.6mln outflow bears out the negative sentiment in the market today. Regional market pressure will continue to influence our market. As it is outflows are putting pressure on local absorption capacity. Crude oil prices continue to weaken causing PPL and OGDC to lose 4pc today. POL lost 5pc.