After posting gains on the Index of roughly 2400pts, courtesy of US Elections and spike in commodity prices, the index showed signs of consolidation by making a downward adjustment of 340pts. Selling pressure was observed across the board, especially Banks and E&P stocks. International crude oil prices dipped by ~3% that caused depression in E&P stocks. The fluid changes in local political scene also did not go unnoticed and caused investors some concern as to continuity of the incumbent government. Among scrips, UNITY topped the volumes with 49M shares, followed by POWER (43.6M) and TRG (31.3M).

· The Index closed at 40,732pts as against 41,071pts showing a decline of 340pts (-0.8% DOD). Sectors contributing to the performance include Banks (-121pts), E&P (-53pts), Fertilizer (-47pts), Cement (-35pts) and O&GMCs (-27pts).

· Volumes declined from 356.6mn shares to 350.4mn shares (-2% DoD). Average traded value also declined by 2% to reach US$ 72.4mn as against US$ 73.6mn.

· Stocks that contributed significantly to the volumes include UNITY, POWER, TRG, HASCOL and PRL, which formed 46% of total volumes.

· Stocks that contributed positively to the index include TRG (+39pts), MEBL (+18pts), COLG (+11pts), UNITY (+7pts) and SYS (+6pts). Stocks that contributed negatively include HBL (-49pts), MCB (-32pts), ENGRO (-27pts), UBL (-26pts) and PPL (-20pts).