The market only managed to close up 30pts today and closed at 36265. Consolidation at this level is to be expected.Turnover was a healthy 281mln shares while value traded was Rs.11.9bln down by about Rs. 1bln compared to yesterday. Softer crude prices, kept oil stocks in check. Last weeks foreign inflows has built up the index nicely. For now the KSE100 is up 10.5pc since the start of this year.
Gains among big cap stocks were sparse. Hubco, HCAR, INDU and PSMC picked up under 2pc gains.
Volume leaders were DCL, DFML, SNGP, KEL and PAEL. Price performance for the day came from SPL, DCL PACE and NCL.
Underperformers were UPFL and TSML losing 5pc.
Todays outflow number of USD5.9mln is likely to keep bulls in check at these levels.
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