Today's Market

The  Index closed down 50 pts on profit selling and anticipation regarding upcoming monetary policy on Saturday. We expect the market to remain tentative and focus on quarterly results kicking off next week. Turnover was 261mln shares while value traded was Rs 8.6bln. Turnover was down 12pc while value traded was down 20pc. 

Volume leaders were dominated by tier 2 stocks with big cap stocks remaining conspicously absent. PIA and QUICE rose over 4pc today. Oil and cement stocks largely held their ground for the session.