The market closed up 200pts at the start of a week to be shortened by holidays, to close at 41404. Volume was lower at 363mln shares while value traded was Rs12bln.
Increased gas prices saw SNGP hit upper lock. It was the most actively traded stock by value. OMC'S like HTL and SHEL hit upper cap. Textiles moved higher, in expectation of an imminent package to be given by GOP. SAIF. CRTM, NCL, and NML gained 4-5pc. In addition, BAHL, HMB, FABL moved up by 4pc. ICI, CSAP hit upper circuit.
We see the market testing 41500 during the remainder of the week.
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