· Market saw selling pressure at the beginning of the week, which was also observed in the last trading session when Index crossed 47K level. Profit booking was observed across the board, especially in Banks, E&P, Cement and Fertilizer sectors that kept any increase in index in check. The Index swayed positively by 168pts earlier in the session, however, ended the session -197pts (unadjusted). Conclusion of IPPs agreeing with the Government on power tariff as well resolution of circular debt helped Power, Refinery and O&GMCs sectors to contribute positively to the Index. Similarly, Tech stocks performed well today with TRG closing upper circuit. Among scrips, WTL topped the volumes with 52.9M shares, followed by TELE (35.6M) and TRG (33.1M).

· The Index closed at 46,721pts as against 46,906pts showing a decline of 184pts (-0.4% DoD). Sectors contributing to the performance include Fertilizer (-101pts), Cement (-53pts), Banks (-53pts), Chemical (-27pts) and Inv Banks (-22pts).

· Volumes declined from 440.2mn shares to 428.6mn shares (-3% DoD). Average traded value also declined by 16% to reach US$ 139.0mn as against US$ 165.5mn.

· Stocks that contributed significantly to the volumes include WTL, TELE, TRG, HASCOL and PRL, which formed 39% of total volumes.

· Stocks that contributed positively to the index include TRG (+91pts), POL (+29pts), MARI (+16pts), SYS (+9pts) and OGDC (+8pts). Stocks that contributed negatively include ENGRO (-44pts), FFC (-26pts), HBL (-22pts), DAWH (-20pts) and EFERT (-19pts).