· MSCI rebalancing created excitement today in the market with heavy flows in OGDC, LUCK and TRG which were the key subjects in the changes announced earlier during the month. Besides, WTL repeated the performance shown yesterday being the volume leader consecutively and helping the market realize total trading volumes of 2217 million shares, which is the highest ever after posting 1560 million shares yesterday. Since MSCI orders were mostly MoC, last half an hour caused the index to trade red with a decline of 137pts, however the Index closed -47pts (unadjusted). Banking sector kept the index green for most part of the session, with particular interest in HBL and UBL. Among scrips, WTL topped the volumes with 950.1M shares, followed by HUMNL (172.4M) and SILK (126.3M).

· The Index closed at 46,791pts as against 46,812pts showing a decline of 22pts. Sectors contributing to the performance include Technology (+46ppts), Inv Banks (+23pts), Fertilizer (-29pts), Tobacco (-21pts), Autos (-19pts), E&P (-14pts) and Engineering (-13pts).

· Volumes increased from 2,220mn shares as against 1,563mn shares (+42% DoD). Average traded value also increased by 51% to reach US$ 276.7mn as against US$ 183mn.

· Stocks that contributed significantly to the volumes include WTL, HUMNL, SILK, BYCO and KEL, which formed 65% of total volumes.

· Stocks that contributed positively to the index include TRG (+46pts), LUCK (+30pts), HBL (+23pts), DAWH (+17pts) and KTML (+8pts). Stocks that contributed negatively include PAKT (-21pts), FFC (-18pts), MTL (-16pts), MCB (-14pts) and BAFL (-12pts).

Courtesy – AHL