Today's Market

The Market closed up a solid 580pts or 1.2pc today on the back of a rally in banking stocks after unchanged interest rates in Saturdays monetary policy statement. Volumes were 134 mln and value traded was Rs8.1bln. Engro and PSO also supported the index rallying 3pc respectively. SEARL, HBL, UBL, MCB, HMB, NBP, BAHL and KBL closed at or near uppercap. Given the continued uncertainty in global financial and Commodity markets the market could remain volatile. Today's net outflow was USD1.5mln.