The market continued yesterdays runup in fine form, picking up another 366pts, ending 1pc higher at . Lower political temperature over the Panama Leaks affair helped calm investor sentiment, powering stocks higher. Oil took a breather with crude prices taking in profit selling after a rather strong rally in recent weeks. Turnover spiked to an almost year high at 470mln shares. The average turnover for may has been around 250mln shares. Value traded also jumped to Rs. 16bln. The top 12 turnover stocks accounted for almost 50pc of market turnover. Tier 2 stocks joined the rally set off by blue chips.
KEL, TRG, PTC, PIBTL, DCL, DFML, JSCL and BYCO led the volumes leaderboard.
Engro topped the value traded list rising 2pc. TRG, PIBTL, KEL and PAEL followed.
PTCL, BYCO, SSGC, HCAR and MCB all rose in excess of 4pc.
The budget and related newsflow will figure significantly in investor decisions in the days to come.
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