Big cap rally at the exchange

​KSE100 index gained 418pts today. Turnover was down 10pc but value traded was up 8pc compared to yesterday. The main reason for this was a rally in big cap Oil and Gas stocks and banks. Out of the 418pt rally 313 were attributable to the following stocks.

ITEM	POINTS
DAWH	32
ENGRO	29
PPL	42
OGDC	50
PSO	33
HUBC	16
UBL	20
POL	11
BAFL	10
HBL	70
TOTAL	313

E&P companies did well today with MARI, PPL, OGDC and POL climbing 5, 4, 3.5 and 2pc respectively. Oil marketing companies PSO, SHEL and HASCOL ended the day capped.

​Even SSGC and SNGP finished up 2pc and 1.5pc respectively.

HBL, UBL, ABL and BAFL were up 2.5, 1.5, and 3pc respectively.

DAWH traded at upper cap and recorded significant value traded at Rs. 0.7bln. Average value traded for the top 30 stocks today was Rs. 0.45bln.

The fertilizer sector, and cement sector today were generally tepid in their price performance. PAEL was almost unchanged today and TRG was down over 4pc.