Today's Market

The market closed up 264pts, keeping higher on the back of a rally in regional markets and stable crude oil prices. Benign inflation numbers also raised hopes of further policy rate cut by the State Bank. Cements, Autos and Banks were the movers behind today's rally. DG Khan Cement, MLCF, PAEL, TRG, PSMC, HCAR, PIOC, MARI and ASC closed at or near uppercap. Expectations of lower or reversing outflows and interest rate cut are driving sentiment.

The days turnover was 160mln shares up 70pc while value traded almost doubled to Rs 11bln

DGKC and HBL today scored the most value traded this year so far.

Considering an outflow of USD123mln since the last three consecutive months the market has shown resilience.