Closing Bell - Market continues correction, sheds 301.78 points

The market continued on its path of short-term correction. Analysts had been anticipating this downward trajectory post the inclusion. The correction comes after the frenzied upward movement by PSX during the last two weeks’ trades. Market recorded an all-time high in anticipation of the MSCI Inclusion on last Friday.

The market was down today by 301.78 points; it closed on a tally of 51511.41 points during the day. The market reached a high of 51948 points it saw an intra-day low of 51443.17 points.

All Share Volume decreased by 5.91 Million to 371.80 Million Shares. Market Cap decreased by Rs.35.71 Billion.

Total companies traded were 396 compared to 397 from the previous session. Of the scrips traded 186 closed up, 186 closed down while 24 remained unchanged.

Total trades decreased by 14,695 to 113,903.

Value Traded decreased by 5.25 Billion to Rs.18.13 Billion