PSX market traded in a narrow range between -198pts and +155pts today

· Market traded in a narrow range between -198pts and +155pts, closing the session +104pts (unadjusted). Main board scrips have largely been in consolidation and today was no different. Banking sector stocks inched up with particular interest in UBL, especially by the end of session. Technology stocks witnessed a see-saw moment when NETSOL rebounded and hit upper circuit, whereas TRG (which went upper circuit yesterday) bore selling pressure and traded below LDCP. Among small caps, GGL, GGGL, HUMNL and TELE remained in the limelight. Among scrips, FNEL topped the volumes with 106.5M shares, followed by UNITY (29.8M) and BYCO (28.5M).

· The Index closed at 45,048pts as against 44,978pts showing an increase of 71pts (+0.2% DoD). Sectors contributing to the performance include BANKS (+89pts), O&GMCs (+15pts), Technology (-59pts), and Power (-19pts).

· Volumes declined from 503.5mn shares to 473.4mn shares (-6% DoD). Average traded value also declined by 8% to reach US$ 120.8mn as against US$ 130.7mn.

· Stocks that contributed significantly to the volumes include FNEL, UNITY, BYCO, TRG and WTL, which formed 47% of total volumes.

· Stocks that contributed positively to the index include UBL (+28pts), HBL (+18pts), BAHL (+17pts), SNGP (+13pts) and FFBL (+12pts). Stocks that contributed negatively include TRG (-67pts), ENGRO (-28pts), HUBC (-19pts), MLCF (-4pts) and KOHC (-4pts).

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