Today's Market

The index closed up 188pts at 39664 on turnover of 221mln shares and value traded of Rs 11.5bln. The Index found major support in HBL and oil stocks with POL leading the way, up 3.3pc. The market continues to exhibit volatility at current levels. Since March on a monthly basis the index has seen an average monthly increase of 4.5pc for the past five months running. Stock specific triggers in the shape of quarterly announcements could trigger a rally in the absence of which the market is likely to remain tentative.

SSGC, GATM and SITC were top performers for the day up 5pc.

RMPL, FML were top losers shedding 3 and 5pc respectively.