Today the market managed to stay in positive territory throughout the session closing 121pts up at 33767. Turnover was 188mln shares and value traded was Rs9.3bln. The refinery sector put in substantial gains putting in +4pc gains with the exception of BYCO which was up 2pc. Better than expected results of Attock Group companies being the primary factor behind this performance. POL rose 3pc. Engro group companies gained on rumors of sale of EFERT. Other than these stocks market performance was generally tepid.
Attock Cement, PTC and Bank Al Habib announced quarterly EPS of 8.22, 0.61 and 2.27 respectively. No cash payout was given.
Todays Net outflow number was USD4.9mln. We expect the index to face resistance at 34000 level.
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