· Another range bound session was witnessed today at the bourse that ended in red again after an oscillation between -114pts and +148pts, closing the session -89pts (unadjusted). Selling pressure was evident across the board, barring E&P & Refinery sectors which maintained positive momentum throughout the session. E&P sector however saw selling in the closing hour bringing stock prices below LDCP. OGDC realized high volume in anticipation of important decisions to be taken in upcoming emergent board meeting. Among scrips, SILK led the table with 51.8M shares, followed by WTL (41.5M) and TPL (33.9M).

· The Index closed at 47,900pts as against 47,987pts showing a decline of 86pts (-0.2% DoD). Sectors contributing to the performance incude Banks (-37pts), Cement (-34pts), Vanaspati (-22pts), Technology (-21pts) and Fertilizer (+25pts).

· Volumes increased from 610.7mn shares to 619.1mn shares (+1% DoD). Average traded value also increased by 20% to reach US$ 117.6mn as against US$ 97.9mn.

· Stocks that contributed significantly to the volumes include SILK, WTL, TPL, BYCO and BOP, which formed 31% of total volumes.

· Stocks that contributed positively to the index include EFERT (+14pts), FCEPL (+11pts), OGDC (+10pts), MTL (+8pts) and NRL (+7pts). Stocks that contributed negatively include UNITY (-21pts), LUCK (-21pts), TRG (-16pts), HBL (-13pts) and PSO (-11pts).