BOP stock rallied 3x on volume before the \'News\' broke

On Wednesday, August 5, an ordinary trading session on the Pakistan Stock Exchange quietly turned extraordinary. Bank of Punjab's counter, which had spent weeks drifting in a tight, unremarkable band, suddenly came alive, buyers piling in at nearly double the stock's normal turnover. By Thursday, the volume had almost tripled. By Friday, the stock was printing fresh highs. Nobody outside a small circle knew why. The Bank of Punjab's board would not formally meet to approve anything until that very Friday afternoon. The public would not learn what had been decided until the following Monday morning. By then, the rally was already over. This is the story of a Rs30 billion capital injection, and a stock market that appears to have found out about it days before it was supposed to.