Today's Market

The market closed another volatile session down 238pts at 40527. The day saw a fluctuation of around 400pts. After opening positive the market closed down for the session. Turnover was almost level with yesterday at 347mln shares while value traded was Rs.13.1bln up 13pc. So far this week the index has lost 800pts.

SHEL, DCL, DCL, and PIAA closed down 5pc, while WYETH and PNSC rose 5pc. PIOC gained 2.7pc on a strong set of earning numbers.

Banks, E&P'S, Cements and Refiners edged lower. Weak crude oil prices have dented sentiment in Oil stocks.

Rising political temperature has kept the pressure up on the local bourse and will continue to do so.