Market up

The market saw a major slide during yesterday's morning session owing to panic selling and this resulted in the ASPI shedding more than 250 points. The CSE imposed a trading halt on all stocks for a 30 minutes till 10.59 a.m. as the MPI fell more than 5 percent.However the bourse took a 'U' turn and headed towards North once the trading halt was lifted, and ended the day in the green.

The benchmark ASPI jumped 94.81 points (1.45 percent) to close at 6628.83 points while the MPI climbed 47.13 points to close at 7166.88 points.

Healthy institutional participation was evident towards sectors like Banking and Finance, Motors and Diversified. Foreign investor participation was more on to the selling side generating a net foreign outflow of Rs 844.4 million. Price gainers dominated the market with 117 stocks seeing price hikes and 94 seeing price falls. BMS Daily Reports