Today's market

The market opened and fell sharply to over 200pts down. most of the days trading was in negative territory but much ground was recouped towards the end to close down 24pts at 33934. Lower volumes returned with volumes and value traded falling 25pc. 152mln changed hands and value traded was Rs. 6.75bln.

The days gainers were Pace up 6.7pc, Singer, JS Bank, Ghandara Industries, Ghandara Nissan, Crescent Steel, Otsuka up 5pc. Mughal Steel was up 4pc.

Losers were Bank Islami, Shezan and Nestlé down 4-5pc.

Actively traded stocks were SSGC, Engro, TRG, Pak Elektron, FFC and Sui North.

Oil and gas marketing resisted fresh declines and were generally higher with the exception of PSO which was down 1pc. The rest were almost up 2pc. Positive news flow for the Suis came in the form of Ogra allowing higher tariffs.

Refineries were higher by about 1.5pc.

Automotives were also stable with positive sales figures released for July-October 2015. Pak Suzuki was up 2pc.

TRG and Pak Elektron were down a percent. Byco was up 1.5pc. JSCL was down almost 2pc.