Today's Market

The market closed down 200pts after yesterday's 253pt decline. Turnover was 124mln shares and value traded was Rs5.4bln. Today's top turnover items were Dewan Motors, World Call Telecom, TRG and Fauji Cement. Foreign outflow continues unabated and crude oil stability is still far off. Surprisingly support was unavailable despite reasonable quarterly numbers for big ticket items like OGDC, PPL, PSO and DGKC.