· Bullish momentum was witnessed just after the opening bell of the market mainly led by the power sector as Economic Coordination Committee (ECC) of the Cabinet approved Rs134.783 billion for payment to IPPs on second instatement (60 percent) as per payment mechanism. Appreciation of Pak rupee against dollar and PM decision not to increase the prices of petroleum products till November 30th gave investor confidence to the market. Cement and E&P stocks contributed the most in the bull-run. In the last trading hour, technology sector made the journey to the north as TRG hitting upper circuit due to rumor of buy-back of shares. On the institutional front, buying activity was witnessed across the board from the mutual funds.

· The Index closed at 46,543 pts up 806.7pt, (+1.8% DoD). Sectors contributing to the performance include Cement (+189.3pts), Technology (121.3pts), E&Ps (+104.0pts), Power (+78.5pts) and Banks (63.0pts).

· Volumes increased from 172.9mn shares to 243.2mn shares (+40.7% DoD). Traded value also increased by 103.1% to reach US$ 59.7mn as against US$ 29.4mn.

· Stocks that contributed significantly to the volumes include GGL, TPLP, WAVES, TELE and SERF.