Pakistan stock market continued to remain range-bound due to the roll-over week

· Market continued to remain range-bound due to the roll-over week. Profit-taking was witnessed in the first trading hour while market battled between the bulls and bears throughout the day. Refinery sector remained in the limelight as the Government and top management of refineries will discuss a new policy path on oil refining industry. Activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks.

· The Index closed at 44,260pts as against 44,044pts showing an increase of 261.37pts (+0.49% DoD). Sectors contributing to the performance include Pharmaceuticals (+31pts), Oil & Gas Marketing Companies (+39pts), Power Generation & Distribution (+28pts) Refinery (+23pts) and Textile Composite (+23pts).

· Volumes increased from 143.4mn shares to 271.1mn shares (+89.0% DoD). Traded value also increased by 63.5% to reach US$ 45.8mn as against US$ 28.0mn.

· Stocks that contributed significantly to the volumes include CNERGY, WTL, KEL, TRG and DSIL.

(Courtesy – AHL)

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