Today's Market

The market closed up 330 pts at 34897. The index stayed positive for most of the session closing sharply higher towards the end led by OGDC, MCB, HBL and UBL. Taken together these four scrips accounted for a 185pts gain. 60pc of yesterdays USD4.1mln inflow was due to buying in commercial banks and E&P's. Off late, investors have seen fit to swap PPL for OGDC because the former's rally and uninspiring results have made it less attractive than the latter whose earnings are comparitively better. Activity in todays session centered around the bigger banks and OGDC which closed up 4.5pc. OGDC's value traded touched an over 6 month high at Rs1.5bln.

Volume leaders for the day were BOP, PTC, OGDC, DFML and KEL. ISL closed at upper cap.

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