Today's Market

The index closed up 116pts after another volatile session. The market opened strong going up to 350pts. Subsequently it lost all its gains for the day before finally closing higher. Regional market momentum and crude oil optimism helped the bourse initially before resumed crude oil weakness turned the tide, Turnover was 129mln shares and volume was Rs6.5bln. Today's net foreign inflow was USD1.9mln. Going forward we expect earnings season to offer support to the index though volatility cannot be ruled out because of external factors.