·        Market made a rebound today with the anticipation of new fund injection by mutual funds, despite the persistent selling witnessed in the past couple of sessions at the behest of rising cases of Corona. Financials results announced earlier today failed to excite the market, when the index tumbled 317pts earlier in the session. Aggressive buying was observed in OGDC, PPL and PSO, all of which hit upper circuits during the session although OGDC and PSO closed below the upper circuit. Similarly, buying was observed in HBL and UBL, which helped the index post 1246pts after sustaining loss of 317pts. Session ended +976pts (unadjusted). Among scrips, TELE topped the volumes with 55M shares, followed by TRG (53.5M) and UNITY (26.4M).

·        The Index closed at 45,683pts as against 44,707pts showing an increase of 976pts (+2.2% DoD). Sectors contributing to the performance include E&P (+239pts), Banks (+177pts), Cement (+99pts), Fertilizer (+87pts) and Pharma (+81pts).

·        Volumes increased from 240.4mn shares to 409mn shares (+70% DoD). Average traded value also increased by 103% to reach US$ 155.5mn as against US$ 76.6mn.

·        Stocks that contributed significantly to the volumes include TELE, TRG, UNITY, SILK and GGL, which formed 41% of total volumes.

·        Stocks that contributed positively to the index include OGDC (+102pts), PPL (+96pts), HUBC (+78pts), TRG (+60pts) and LUCK (+58pts). Stocks that contributed negatively include PSMC (-9pts), INIL (-8pts), AICL (-6pts), LOTCHEM (-5pts) and KEL (-5pts).