Today's Market

The market finally succumbed to profit selling, closing down 75pts below the 33000 level. Finding no support from crude oil prices, and selling in commercial banks, the index closed down. Turnover was stable though value traded was down by 20pc.

Today's top turnover items were BOP, SSGC, DCL, PACE and TRG.

FFBL closed up 3.7pc while ACPL and CHCC closed at uppercap.

UBL and HBL closed down 2pc.

Foreign outflow for the day came in at USD1.2mln. A resumption in selling could once more weigh on sentiment. The market will look for support in the upcoming monetary policy announcement.