• Market surged by 800pts during the session today and closed at a high note of 756pts (unadjusted). Conversion of fixed income funds to Equities from institutional investors played a vital role in today’s index uptick. Brisk buying was observed in main board scrips, including HBL, UBL, PSO, SNGP, OGDC, ENGRO, HUBC, however, other sectors and scrips took cue as well, resulting in across the board buying activity. Among scrips, TPL led the table with 29.9M shares, followed by WTL (28.2M) and TRG (27.2M).

• The Index closed at 48,053pts as against 47,247pts showing an increase of 805pts (+1.7% DoD). Sectors contributing to the performance include Technology (+163pts), Cement (+144pts), Banks (+107pts), Fertilizer (+87pts) and Power (+51pts).

• Volumes increased from 412.2mn shares to 475.2mn (+15% DoD). Average traded value increased substantially from US$ 93.9mn as against US$ 133.8mn.

• Stocks that contributed significantly to the volumes include TPL, WTL, TRG, TREET and BYCO, which formed 27% of total volumes.

• Stocks that contributed positively to the index include TRG (+121pts), LUCK (+79pts), HUBC (+40pts), SYS (+35pts) and ENGRO (+31pts). Stocks that contributed negatively include AGP (-7pts), KOHC (-5pts), ABOT (-3pts), ANL (-2pts) and ABL (-2pts).