Today's Market

The market closed sharply lower at 40842pts, down 439, resuming a losing streak after a 622pt gain on Oct 20. It closed 75pts below the level from which the rally broke. Turnover was almost half of Friday's 529 shares at 277mln while value traded was similarly lower at Rs 9.5bln compared to Rs16.4bln. Upcoming PTI lockdown of Islamabad.

BOP, DFML, HTL, TRG and HASCOL were top stocks by value traded. BOP, KEL, PIA, DSLR, and DFML were top stocks by turnover.

WYETH, HINO, INDU, FEROZ, MTL, SHEL, and GTYR were top losers for the day.

SAPT, SFL, SHEZ, HTL were best performers today.

Going forward we expect market to remain volatile given the political situation in the country. Net outflow for the day was USD0.05mln.