Today's Market

The Index closed down 190pts to close at 31282 wiping out all of February's gains. Turnover was 130mln shares and value traded was Rs6.6bln. Turnover was up 5pc while value traded was up 22pc. The market opened firmer rising by 250pts, giving up its gains by the end of the session closing in the red. Engro Corp announced full year EPS of Rs26.3 with a final cash payout of Rs.7. EFERT decided to sell another 24pc stake in the company via private placement. It closed down 5pc. SSGC, TRG, GHNL, Amreli Steel JSCL, and SPEL and ASC all closed at or near lower cap. Gul Ahmad Textile and Faysal Bank were the only bright spots in today's activity closing up 5pc and 6.44pc respectively.