· Market continued moving up today albeit with an improvement in traded volumes. The benchmark index added a total of 355pts during the session and closed +339pts (unadjusted). O&GMCs, Banks, Refinery, Technology and Textile sectors contributed positively to the index whereas E&P and Steel sector stocks remained under pressure. Optimism brewed on the back of rupee depreciation that will have positive bearing on the earnings of Textile, Technology & E&P sectors; as well as upcoming financial results. Among scrips, WTL topped the volumes with 36.3M shares, followed by TELE (29.4M) and BYCO (29.3M).

· The Index closed at 47,758pts as against 47,453pts showing an increase of 305pts (+0.6% DoD). Sectors contributing to the performance include Cement (+64pts), Technology (+63pts), Banks (+55pts), O&GMCs (+42pts) and Refinery (+26pts).

· Volumes increased from 252.3mn shares to 443.2mn shares (+75% DoD). Average traded value also increased by 75% to reach US$ 98.8mn as against US$ 56.4mn.

· Stocks that contributed significantly to the volumes include WTL, TELE, BYCO, TPL and CPHL, which formed 30% of total volumes.

· Stocks that contributed positively to the index include TRG (+51pts), HBL (+24pts), MEBL (+21pts), MLCF (+19pts) and POL (+17pts). Stocks that contributed negatively include ENGRO (-10pts), OGDC (-10pts), HMB (-9pts), PAKT (-8pts) and HUBC (-8pts).