Market subdued

The market closed on a subdued note with both indices recording losses on Tuesday.

The ASPI closed down 35.44 points at 5,414.02 while the more liquid MPI shed 13.16 points to close at 4,875.92. Foreigners were net sellers for the day with foreign buying amounting to SLRs.175mn while foreign selling reached SLRs.200.5million.

Total turnover for the day amounted to a modest SLRs.627mn to which JKH made the largest contribution of SLRs.194mn. This included a turnover of SLRs.99mn which was generated through two crossings totaling to 495,000 shares at SLRs.200.00.

The Counter closed flat at SLRs.200.00 with a total of 971,371 shares traded during the day.

Commercial Bank reported the day's second largest turnover of SLRs.55mn with 553,574 shares traded between SLRs.99.50 and SLRs.100.10. Environmental Resources which reported a turnover of SLRs.37mn closed down 5.7% at SLRs.15.00.

From Capital TRUST Securities (Pvt.) Ltd.