The market fell 90 points today to close at 34336. Volumes fell 28pc and value traded fell 30pc.
Volumes though healthy masked a general paucity of volumes in the overall market. Approximately half of today's volumes were concentrated in SSGC, K Electric, DesconR, SNGP, and TRG.
Newsflow on the possible over valuation of the Pak rupee and continued foreign outflows are unsettling investors. This month's monetary policy announcement could usher in greater interest.
Ghandara Industries, Lalpir, Pakgen, Colgate, Ended up 5pc. SSGC was up 4pc. Pak Refinery and Al shaheer gained 3pc.
Noon Pakistan, Bank Islami, Ghandara Nissan and Cresent Steel lost 5pc. Tri Pack, Gadoon Textile and Byco lost 3.5pc. PNSC, Arif Habib Ltd were down 3pc. Atlas Honda and Synthetic products were down 2.7pc. TRG was down 2.2pc.
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