·      Market re-tested a high towards 47k level today and again met profit booking around 46,700 level, bringing down the Index by 173pts (unadjusted). During the session, the index oscillated +377pts and -197pts. Refinery, Fertilizer and Chemical sectors remained in the limelight, with buying activity, whereas Banks, E&P, O&GMCs and Cement sector stocks saw profit booking. Cement sector contributed to the initial surge in Index; however, selling pressure brought the stock prices below respective LDCPs. Among scrips, PRL topped the volumes with 81.5M shares, followed by KEL (65.1M) and PIBTL (62M).  

·      The Index closed at 46,248pts as against 46,385pts showing a decline of 137pts (-0.3% DoD). Sectors contributing to the performance include Cement (-85pts), Banks (-74pts), Technology (-51pts), Engineering (-24pts), O&GMCs (-18pts), Fertilizer (+36pts) and Autos (+27pts).

·      Volumes declined from 840.2mn shares to 693.6mn shares (-18% DoD). Average traded value also declined by 6% to reach US$ 190.6mn as against US$ 203.4mn.

·      Stocks that contributed significantly to the volumes include PRL, KEL, PIBTL, HASCOL and TRG, which formed 40% of total volumes.

·      Stocks that contributed positively to the index include ENGRO (+38pts), MTL (+18pts), SEARL (+17pts), ATRL (+14pts) and MARI (+14pts). Stocks that contributed negatively include TRG (-58pts), LUCK (-46pts), UBL (-19pts), HBL (-16pts) and ANL (-15pts).

(AHL)