· Market traded range bound with -130pts and 251pts showing, closing the session +176pts. Selling pressure was primarily observed in Banks and Fertilizer sector. During the session, Advisor to PM on Petroleum hinted removal of cap on MARI’s dividend declaration which resulted in the stock hitting upper circuit. Similarly, OGDC which had holdings of MARI also reacted to the news and performed well. Among scrips, TRG topped the volumes with 29.4M shares, followed by PRL (28.8M) and FFL (22.2M).

· The Index closed at 45,903pts as against 45,726pts showing an increase of 177pts (+0.4% DoD). Sectors contributing to the performance include Power (+77pts), E&P (+73pts), Technology (+47pts), Misc (+11pts) and Textile (-15pts).

· Volumes declined from 543.6mn shares to 491.8mn shares (-10% DoD). Average traded value also declined by 9% to reach US$ 124.1mn as against US$ 134.8mn.

· Stocks that contributed significantly to the volumes include TRG, PRL, FFL, UNITY and KEL, which formed 25% of total volumes.

· Stocks that contributed positively to the index include HUBC (+74pts), TRG (+60pts), MARI (+57pts), OGDC (+28pts) and BAHL (+27pts). Stocks that contributed negatively include HBL (-24pts), UBL (-21pts), POL (-14pts), SYS (-13pts) and MTL (-11pts).