· Market lost another 363pts during the session today, however, covered a lot of ground and ended the session -6pts (unadjusted). Banks, E&P, Cement, Power and Technology sectors saw selling pressure on the concern of lockdown as well as rollover positions, whereby investors preferred selling in ready market and bought futures. LUCK saw abrupt movement where the stock price remained depressed the entire session, moved up in the half closing hour and saw a major sell-off in the closing minute to end at the lowest price of the session. Among scrips, WTL led the volumes with 49.5M shares, followed by BYCO (47.1M) and UNITY (16.1M).

· The Index closed at 47,312pts as against 47,318pts showing a decline of 6pts. Sectors contributing to the performance include Banks (-40pts), Chemical (+19pts), Refinery (+12pts), Autos (+12pts), Fertilizer (+12pts) and Inv Banks (+11pts).

· Volumes increased from 365.7mn shares to 376.4mn shares (+3% DoD). Average traded value declined slightly by 0.4% to reach US$ 75.7mn as against US$ 75.8mn.

· Stocks that contributed significantly to the volumes include WTL, BYCO, UNITY, FFBL and HUMNL, which formed 36% of total volumes.

· Stocks that contributed positively to the index include THALL (+13pts), EFERT (+12pts), LUCK (+11pts), DAWH (+9pts) and ICI (+8pts). Stocks that contributed negatively include HBL (-32pts), UBL (-9pts), HCAR (-9pts), ANL (-6pts) and PSMC (-5pts).

Courtesy – AHL