· KSE-100 index stayed in the green zone throughout the day as the market celebrated the transition from emerging to frontier market. Index opened with a bullish momentum as traders took aggressive bet on cement, steel and technology stocks. Later, accumulation was witnessed in the banking sector as CPI for the month of Nov’21 clocked-in at 11.53% YoY (+3% MoM), the highest inflation in 21 months influenced by a record hike in fuel prices.

In the last trading hour, sharp upside was witnessed as short sellers jumped in to square-off trading positions.

· The Index closed at 45,369pts as against 45,072pts showing an increase of 296.8pts (0.66% DoD). Sectors contributing to the performance include Cement (+113pts), Commercial Banks (+85pts), Fertilizer (+32pts), E&P (+20pts) and Power (+16pts).

· Volumes decreased from 411.5mn shares to 241.1mn shares (-41.4% DoD). Traded value also decreased by 73.5% to reach US$ 52.6mn as against US$ 198.4mn.

· Stocks that contributed significantly to the volumes include FFL, FFLR1, TPLP, MLCF and TRG.

Courtesy – AHL