Closing Bell - Index Declines by 1.67 Percent closes at 50591.57 points

Market dropped a total of 861.59 points or a 1.67 percent today as nearly all of the scrips traded during the day ended up in red continuing from yesterday’s Monday’s negative momentum. The index dropped due to profit taking in the MSCI led stocks which cumulatively dropped the market by 746.21 points.

Pakistan is all set to join the list of MSCI – EM tomorrow. According to the Simulated Constituent List issued by MSCI, 6 large cap, 10 mid cap and 21 small cap companies are expected to become a part of the upcoming inclusion.

The net gainers during today’s session were; Millat Tractors MTL +3.85%, Unilever Pakistan Foods Limited UPFL +0.65%, National Refinery Limited NRL +2.59%, Wah Noble Chemicals Ltd. WAHN +5.00% and Sazgar Engineering Works Limited SAZEW +5.00%.

 The net decliners during the session were; Wyeth Pakistan WYETH -4.96%, Indus Motors Company INDU -4.72%, Mari Petroleum MARI -3,03%, Sanofi Aventis Pakistan Ltd. SAPL -2.31% and Lucky Cement LUCK -5.00%.

All Share Volume increased by 176.23 Million to 410.82 Million Shares. Market Cap decreased by Rs.153.78 Billion.

Total companies traded were 382 same as the previous session. Of the scrips traded 109 closed up, 248 closed down while 25 remained unchanged.

Total trades increased by 37,856 to 123,730.

Value Traded increased by 37.02 Billion to Rs.53.34 Billion