Tuesday Review

The market surged another 1.73pc(664pts) to close at its all time of 39032. Turnover jumped 56pc to 250mln shares while value traded rose 50pc to Rs.18.5bln. After holidays the market has put on over 1000pts(2.8pc) bringing up 2016 return of 19pc.
Oil stocks, refiners and Cements drove the rally. PPL and POL rose +4pc, so did NRL and ATRL. PIOC hit upper circuit on annoucement of expansion. HUBC rose 2.5pc. NML also rose 5pc. HTL and HASCOL shot up by 5pc.