Today's Market

The market put in another session of solid gains rising 231pts to 41974. At one point it even managed to cross 42000. Turnover was a healthy 529mln while value traded was Rs19.2bln. Banks were the star performers of the day with HBL , MCB, NBP and UBL adding 170pts to the index. Today's net inflow was USD3.7mln. Going forward we expect the market to see some consolidation with focus shifting to the Supreme Court Panama Hearings.