The Pakistan equity market observed a negative sentiment today, as the benchmark index observed a significant correction of 174.62pts(-0.37%DOD). Despite commencing on a positive note, the KSE 100 continued its bear momentum from yesterday where the index closed at 46,716.72 pts. The intraday trading saw a high of 46,952.31 and a low of 46,505.13. The all share index volumes stood at 333mln, depicting investors lack of interest towards trading. The volume leaders for today were TPL(30mln), TELE(28mln), BYCO(23mln), SERFR(23mln) and WTL(17mln). On the economic front, Pakistan is currently observing twin deficit, on the back of dollar appreciation and heated up commodity market. However, Pakistan Forex reserves are also setting new records, due to freshly financed loans from IMF.