Todays Market

The market closed another volatile session positive by 222pts to end at 30786. The day started weak with a decline of 90. After seesawing between negative and positive territory the index closed firmly in the black led by cement and fertilizer sectors. Kapco added 24 pts to the index on account of a Rs. 4.25 quarterly dividend announcement. The recent hammering of the index encouraged bargain hunting. Today's movers were PAEL, SSGC, ASTL, JSCL, FFBL, MUGHAL and KAPCO all up 4-5pc. Volatility to continue. To date the market has lost 511 pts in February.