· Bullish momentum was witnessed in the first half of market session as index made an intra-day high of 1059 points due to appreciation of Pak Rupee, down-turn of commodities price cycle and ease of political noise. Cyclicals (Cement and Steel) sectors contributed the most in the bull-run. After making an intra-day high, Investors opted for profit booking after announcement of CPI for the month of Oct 2021 that clocked in at 9.19% YoY (+1.9% MoM) against market expectation of 8.5%. Bringing the net gains to reach 761pts at the end of session. Expectation of interest rate hike by SBP in the upcoming monetary policy caused profit booking in cyclical stocks and accumulation in banking stocks.

· The Index closed at 46,975 pts as against 46,185 pts showing an increase of 790 pts (+1.7% DoD). Sectors contributing to the performance include Cements (+151pts), Fertilizers (+97pts), E&P (+79pts), Technology (+75pts) and Banks (+29pts).

· Volumes increased from 270.4mn shares to 430mn shares (+59% DoD). Average traded value also increased by 51.9% to reach US$ 86.4mn as against US$ 56.8mn.

· Stocks that contributed significantly to the volumes include TRG, AVN, DGKC, LUCK and MLCF.

Courtesy- AHL