Today's Market

The market closed up 248pts erasing the bulk of yesterday's losses. Volumes were steady at 149mln shares while value traded fell 17pc to Rs 7.7bln. News of a major discovery in PPL led the stock to close at upper cap. OGDC, PPL, LUCK, UBL, MCB and Engro accounted for 170pts out of today's index gain. OGDC was today's top traded stock by value. It gained 1.5pc. Today's movers were PPL, PSMC, JSCL AND Noon Pakistan. Today's USA interest rate decision could set the direction for regional markets. The market is also likely to keep a close eye on the issues between the Sind Government and the Rangers. Cements notched gains today rising 1-2pc.