Today's Market

The market closed around 450pts down at 48929, just 80pts shy of the low for the day. In what was a volatile session, the market swung from negative to positive a few times before sustained selling pressure set in at the days close. A slew of scrips fell over 4pc, presumably because of regulatory pressure over debit balances. Of late the market has struggled to find liquidity for a fresh bull charge. SSGC was a bright spot in todays somber mood closing at upper cap. NML announced consolidated EPS of Rs8.8 half yearly. BWCL reported cash dividend of Rs3 and quarterly EPS of Rs6.5.

​Early provision of a leverage product for investors and profit selling should open up valuations for lifting market sentiment at lower levels.