· Market crossed the resistance level of 47,300pts comfortably by adding a total of 853pts during the session and maintained the bullish trend to end the session +783pts (unadjusted). Factors contributing to the bullish sentiment at the bourse include strong economic numbers from remittances to tax collection and real GDP growth that is anticipated to go north of 4.5%. Investors have also been expecting positive measures in the upcoming budget, due to be announced June 11th that is likely to keep the sentiment in an upbeat mood. Cement sector performed well today on the back of increase in cement price / bag in north region. Among scrips, WTL led the table with 480mn shares, followed by BYCO (94.2M) and SILK (71.5M).

· The Index closed at 47,896pts as against 47,126pts showing an increase of 770pts (+1.7% DoD). Sectors contributing to the performance include Banks (+98pts), E&P (+96pts), O&GMCs (+53pts), Fertilizer (+39pts) and Autos (+22pts).

· Volumes increased from 959.9mn shares to 1412.3mn shares (+47% DoD). Average traded value also increased by 39% to reach US$ 207.6mn as against US$ 148mn.

· Stocks that contributed significantly to the volumes include WTL , BYCO, SILK, HUMNL and GGL, which formed 53% of total volumes.

· Stocks that contributed positively to the index include DGKC (+45pts), LUCK (+45pts), PSO (+41pts), HBL (+32pts) and OGDC (+31pts). Stocks that contributed negatively include FFC (-9pts), NBP (-5pts), KEL (-4pts), SHFA (-2pts) and GLAXO (-2pts).

(AHL)>