Market Close !

Equities closed on a higher note +0.9% after a volatile session. Oil production increase from key Pindori field brought POL PA in limelight with stock closing at upper circuit. Moreover, rumors of group companies increasing stake in MCB Bank pushed the stock up gaining 5% (NML announced intention to increase strategic holding in MCB yesterday). Adamjee Insurance result was eagerly awaited by the market that somewhat disappointed with EPS PKR5.18 and PKR1.5/sh cash payout. PTC PA traded volatile with stock bouncing from lower lock. News of big brokers taking long positions and FII interest resulted in stock to continue upper trajectory.