Today's Market

The market closed another positive session up 296pts to close at 44495. Turnover was 470mln shares up 27pc while value traded was Rs20.8bln up 5.5pc. Gains so far this week combined with gains in the last two consecutive weeks tally a massive 2171pts. Last consecutive 5 positive sessions have seen a runup of 1870pts. Though the session ended well it was not without volatility. At one point the index gave up a gain of over 200pts to decline by almost 100pts, before regaining lost ground. Cements with key index components, like MCB , HBL, ENGRO and HUBC led the gains. Todays outflow was USD1.1mln dollars. Going forward market will look to upcoming earnings season to drive further gains.