Today's Market

The index continued its upward journey today as well closing up 234pts (0.7pc), to close at 34503. Volumes were up 5pc at 270mln shares while value traded was up 16pc at Rs 14.5bln. Significant activity was recorded in PAEL today which ended the day at uppercap. Value traded in the scrip was Rs1.4bln which is a high for 2016. Gains today in the index were led by MCB, HBL and UBL.. The oil sector with exception of OGDC, cement sector and refineries were subdued. Additionally CSAP, DAWH, and ISL closed over 4pc higher. Further rally in crude prices could set the stage for another run up.

PPL announced quarterly EPS of Rs 1.92 while Hubco announced EPS of Rs 2.62. Fatima Fertilizer announced EPS of Rs 0.43.