· Market slumped today while bearing selling pressure that began yesterday. Increase in cement price / bag helped Cement stocks trade in green, whereas KAPCO saw price moving up on the notification of board meeting to consider interim dividend. On the other hand, TRG contributed to downside in Index due to concerns over minimum global tax as envisaged by EU and US. Among scrips, WTL topped the volumes with 400M shares, followed by BYCO (37.8M) and HUMNL (35.1M).

· The Index closed at 48,148pts as against 48,303pts showing a decline of 155pts (-0.3% DoD). Sectors contributing to the performance include Technology (-72pts), O&GMCs (-41pts), Textile (-29pts), E&P (-19pts) and Refinery (-13pts).

· Volumes increased from 936.1mn shares to 1,040.5mn shares (+11% DoD). Average traded value however declined by 14% to reach US$ 153.4mn as against US$ 177.7mn.

· Stocks that contributed significantly to the volumes include WTL, BYCO, HUMNL, TPLP and PTC, which formed 52% of total volumes.

· Stocks that contributed positively to the index include KAPCO (+29pts), HBL (+14pts), MCB (+12pts), DAWH (+12pts) and BAHL (+8pts). Stocks that contributed negatively include TRG (-74pts), PSO (-24pts), OGDC (-14pts), SNGP (-13pts) and KTML (-8pts).

Courtesy – AHL