The market ended today's session on an extremely positive note gaining 2.4%.
Sharp drop in long term bond yields compared to last week (raised expectations of possible cut in the discount rate in the upcoming monetary
policy) triggered strong buying in the market. Market was also supported by positive developments on the political front with news of a possible deal amongst political allies to solve the NRO issue.
There was buying across the board with the banking and the energy sector leading the way. Top performers included MCB, UBL, PSO, HUBC and OGDC.
Volumes remained on the lower side with 108mn shares traded worth USD 89mn.
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