· Market traded in a narrow range today, oscillating between +73pts and -187pts during the session and closed -73pts (unadjusted). Further slippage of PKR in interbank market prompted investors to adopt cautious approach towards cement, steel, fertilizer and Refinery stocks which have exposure of declining PKR parity on the cost of production. On the other hand, positive impact of weakening PKR had positive bearing on Technology, Textile and E&P sectors which fared well. O&GMCs saw further appreciation in SNGP and SSGC, whereas Banking sector had HBL and UBL as positive contributor to Index. Among scrips, BYCO led the table with 33.8M shares, followed by DNCCR (23.7M) and PACE (22.5M).

· The Index closed at 47,793pts as against 47,873pts showing a decline of 80pts (-0.2% DoD). Sectors contributing to the performance include Cement (-25pts), Refinery (-17pts), Textile (-15pts), O&GMCs (+11pts), and Power (+5pts).

· Volumes declined from 320.9mn shares to 314.2mn shares (-2% DoD). Average traded value also declined by 7% to reach US$ 68.3mn as against US$ 73.5mn.

· Stocks that contributed significantly to the volumes include BYCO, DNCCR, PACE, SNGP and WTL, which formed 39% of total volumes.

· Stocks that contributed positively to the index include SNGP (+24pts), SYS (+16pts), HUBC (+12pts), LUCK (+10pts) and FFC (+7pts). Stocks that contributed negatively include ENGRO (-12pts), MLCF (-10pts), PSO (-10pts), TRG (-9pts) and PSX (-9pts).