Today's Market

The market followed a pattern of increased volatility seen since last week, gyrating 621pts for the day from its high and low. It closed at 48982 on turnover of  379mln shares and value traded of Rs 16.5bln up 11pc and 19pc respectively. 

The Panama case decision tomorrow figured heavily in investors minds. Average daily fluctuation from index high and low for this week and last week has been about 600pts, which is double that of the week before last.

Second tier stocks bore the brunt of investor ire. ASL, POWER, DCL, SSGC, BOP, DCL, GGL, GHNI, GHNL, MTL, TPL, and DFML closed over 4pc lower.

Market direction hinges on Supreme Courts all important decision.