The market closed up 620pts to close at an all time high of 41546 above the crucial 41500 mark on account of fresh fund allocations for equity market by A Government Organization. Turnover came in at 561mln shares while value traded was Rs18.7bln. A surge in second tier stocks has increased turnover since the last couple of days.
Gains in large cap stocks were spread among most sectors. PPL, HASCOL and INDU ended around 5pc higher. PACE, JPGL, TPL and ANL closed up over 5pc. FEROZ closed lower by 5pc after weak earnings.
HBL ended up 2pc with an above expectation quarterly announcement.
With the existing political scenario in the country we expect the market to remain volatile.
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