· Market opened on a positive note and after sustaining a short dip of 54pts below LDCP, bounced back, closing the session on a strong note at +300pts (unadjusted). Cement, Fertilizer, Refinery and Technology stocks kept the interest alive and despite a long vacation investors took a long bet. Trading volumes remained tilted towards off main board in WTL, TELE, however regardless of the recent onslaught on TRG and NETSOL, buying interest brought the stocks prices of pertinent stocks up generating considerable interest. Among scrips, WTL topped the volumes with 80.3M shares, followed by TRG (14.7M) and TELE (12.7M).

· The Index closed at 45,175pts as against 44,944pts showing an increase of 231pts (+0.5% DoD). Sectors contributing to the performance include Cement (+80pts), Banks (+55pts), Technology (+33pts), Tobacco (+25pts), Power (+14pts), E&P (-30pts) and Chemical (-11pts).

· Volumes declined from 259.8mn shares to 245.6mn shares (-6% DoD). Average traded value also declined by 36% to reach US$ 62.1mn as against US$ 96.7mn.

· Stocks that contributed significantly to the volumes include WTL, TRG, TELE, UNITY and GGL, which formed 53% of total volumes.

· Stocks that contributed positively to the index include LUCK (+61pts), TRG (+37pts), BAFL (+26pts), PAKT (+25pts) and KAPCO (+14pts). Stocks that contributed negatively include UBL (-20pts), EPCL (-13pts), POL (-12pts), MARI (-10pts) and PPL (-10pts).

Courtesy – AHL