Today's Market

The market closed level with yesterday, just 7pts up at 42412. Turnover was 496mkn shares and value traded was Rs 15.5bln. A rash of big outflow numbers has dampened sentiment at the exchange even though absorption is quite healthy. So far this week outflow has come in at USD34mln. HASCOL hit uppercap again following yesterday's annoucement of VITOL increasing its stake in the company. Movement is going to depend on quantum and direction of foreign flows.