The market shot up another 400 plus points to close at 40084. This is the highest the market has closed above 40000 this year. The last closing was 40057. Since the last 8 weeks running the Index has closed up and then down alternately. Flows for the day were almost nil. With earnings reports largely behind us the market is searching for substantial triggers to carry it beyond the 40000 barrier.
With turnover spiking at close to 500mln shares the highest this year, small cap stocks dominated the leaderboard. Top 10 stocks accounted for close to half of today's volume. PACE, TRG, JPGL, BOP, BYCO, SNGP, DCL, WTL, GAIL and PTC were top of the charts.
On the value traded side TRG saw unusually high activity at Rs 2.1bln closing up 5pc. SNGP, DCL, PTC, HTL, NRL saw gains of 4-5pc.
OTSU and PMPK were the losers for the day shedding 5pc.
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