· Investors maintained a cautious approach towards building positions, in the wake of CGT liability that is due to be settled by mid of the month, whereby investors anticipate sell off by other than corporate and institutional investors. Technology sector led the index with NETSOL hitting upper circuit and brisk trading in TRG & SYS. Power sector remained muted due to concerns over Petroleum Division’s stance on payments to IPPs under Power Policy of 2002. Among scrips, WTL topped the volumes with 48M shares, followed by GGGL (37.5M) and TPL (28.4M).

· The Index closed at 47,480pts as against 47,447pts showing an increase of 33pts (+0.1% DoD). Sectors contributing to the performance include Technology (+36pts), Inv Banks (+25pts), Banks (+17pts), Fertilizer (+13pts), E&P (-17pts) and Autos (-15pts).

· Volumes increased from 474.9mn shares to 496.8mn shares (+5% DoD). Average traded value increased by 13% to reach US$ 101.8mn as against US$ 90.2mn.

· Stocks that contributed significantly to the volumes include WTL, GGGL, TPL, FFL and TPLP, which formed 32% of total volumes.

· Stocks that contributed positively to the index include PSX (+21pts), SYS (+18pts), TRG (+16pts), BAHL (+16pts) and CEPB (+8pts). Stocks that contributed negatively include PPL (-10pts), MCB (-9pts), KAPCO (-8pts), OGDC (-7pts) and COLG (-7pts).