· Market traded range bound today between -272pts and +296pts during the session, closing the session -245pts. Selling pressure was concentrated in Banks, E&P, Cement and Steel sector stocks similar to what was witnessed yesterday and the absence of active buyer exacerbated the situation leading to index closing lower than LDCP. Technology stocks saw NETSOL performing, whereas TRG declined over the day. Service Global Footwear (SGF) hit upper circuit on the first day of listing on PSX, but selling pressure brought the price down. Among scrips, TELE topped the volumes with 29.3M shares, followed by ANL (25.6M) and TRG (18.3M).

· The Index closed at 45,059pts as against 455,293pts showing a decline of 234pts (-0.5% DoD). Sectors contributing to the performance include Banks (-93pts), E&P (-44pts), Technology (-35pts), Cement (-33pts), Pharma (-29pts) and Fertilizer (+30pts).

· Volumes declined from 366.8mn shares to 305.7mn shares (-17% DoD). Average traded value also declined by 7% to reach US$ 104.6mn as against US$ 112.1mn.

· Stocks that contributed significantly to the volumes include TELE, ANL, TRG, UNITY and GGGL, which formed 33% of total volumes.

· Stocks that contributed positively to the index include COLG (+24pts), FFC (+21pts), NRL (+13pts), ENGRO (+13pts) and POL (+12pts). Stocks that contributed negatively include HBL (-39pts), OGDC (-36pts), PPL (-24pts), MCB (-23pts) and TRG (-21pts).