Closing Bell – Market gains 235.51 points, up by 0.52percent

The markets moved up exact same percentage as that of the last session (+0.52%). The markets have shaken off the negative momentum culminating from the JIT proceedings. The Supreme Court has concluded the hearing, reserved its judgement and a decision is expected within seven to ten days.

However, the political circles and the movement within in the ruling party seem to hint at an ouster of the incumbent Prime Minister. With a year left in his tenure, the Ruling Party is yet to decide on the candidate who will be put in place of Nawaz Sharif.

The JIT proceeding and the aftermath have shaken the markets in the incumbent year, as of today the markets are down 4.76 percent in the first 7 months of 2017.

Market added a total of +235.51 points or a gain of +0.52% during today's session. The index touched an intra-day low of 45271.06 points, a high of 45566.70 and closed at a tally of 45529.20 points.

The net gainers by price during today's session were; Nestle Pakistan NESTLE +415.00, Bata Pakistan BATA +145.00, Island Textile Mills ILTM +33.98, Service Industries Limited SRVI +29.82 and Khyber Tobacco Limited KHTC +29.09.

The net decliners by price during today's session were; Phillip Morris Pakistan PMPK -154.00, Sapphire Textiles SAPT -33.95, Hinopak Motors HINO -30.00, Mari Petroleum MARI -26.41 and Sitara Chemical Industries Limited SITC -21.78.

All Share Volume decreased by 17 Million to 105.85 Million Shares.

Total companies traded were 335 compared to 351 from the previous session. Of the scrips traded, 213 closed up, 106 closed down while 16 remained unchanged.

Total trades decreased by 14,826 to 62,441.

Value Traded decreased by 5.6 million to Rs.9.35 Billion.

Top 10 Volume Traded