Today's Market

The market closed another volatile session just 36pts down, at 48642, after gyrating intra day, between 300pts plus and 177pts minus. Top 4 scrips by value, OGDC, GTYR, PAEL and ATRL scored value traded in excess of Rs1bln, and their share in total value traded for the day was 30pc. Auto sector was the star performer of the day, HCAR, MTL, GHNL, GHNI closing sharply higher. OGDC and ASTL closed over 4pc lower. OGDC suffered due to potential further divestment of shares. Going forward we expect the market to respond to corporate annoucements, while taking a breather from recent sharp runup.