Todays Market

The index closed up 82pts after touching an intra day high of 250pts. It could not sustain the rally amid oil price weakness. OGDC, POL and PPL closed by Rs.3, 4.9 and 3.25 down. Banks continued their runup today as well with HBL , MCB, UBL and NBP closing higher. The following table shows price movement for banking stocks in percentage terms during January and February to date. Cements also closed higher. NRL closed higher by 4.5pc. BAFL and SHEL closed up 3.5pc. JSCL was up 4pc. NETSOL closed down 4.3pc.

	Feb	Jan
NBP	8	-4
MCB	6	-11
HBL	7.5	-15
UBL	6.5	-7