Today's Market

The market closed down 287pts at 39770. Turnover was level with yesterday at 239mln shares but value traded was down 10pc at Rs13.7bln. The market was positive most of the day, at one point up 170pts. Late surge of selling caused loss in the index. Banks, cements, Fertilizers , Chemicals and refiners edged lower.

TRG, NATF, ATRL and KAPCO closed up 3-4pc. Top gainer was COLG up 5pc.


GTYR, LINDE and BERG and AKZO closed down 5pc.

HBL and ENGRO were the two heavyweights which announced earnings today. HBL declared Rs3.5 interim dividend and quarterly EPS of Rs 4.7 bringing up six monthly EPS of Rs 10.8. ENGRO declared Rs7 dividend and consolidated six month EPS of Rs 10.4. Results were largely in line with expectations .

Further movement is contingent upon foreign flows and better than expected results.
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