· After posting an uptick yesterday, the index again traded range bound between +179pts and -202pts, closing the session -115pts (unadjusted). Market poised for a clear trigger in disregard to the announcement of infrastructure projects by the Prime Minister, which could have impacted stock prices of listed Cement and Steel sectors. Profit booking was observed across the board except for some blue chip stocks, with nominal price gains. Ongoing earnings season has so far turned out to show muted response from Investors, especially with respect to earnings of Attock Group where the pertinent stocks gave nominal and temporary upside. Among scrips, TRG realized total volumes of 19.2M shares, followed by GGL (15M) and WTL (11.8M).

· The Index closed at 47,271pts as against 47,377pts showing a decline of 107pts (-0.2% DoD). Sectors contributing to the performance include Banks (+46pts), Technology (+40pts), O&GMCs (-29pts), Power (-21pts) and E&P (-19pts).

· Volumes declined from 382.6mn shares to 230.2mn shares (-40% DoD). Average traded value also declined by 27% to reach US$ 70.4mn as against US$ 95.8mn.

· Stocks that contributed significantly to the volumes include TRG, GGL, WTL, TPLP and BYCO, which formed 29% of total volumes.

· Stocks that contributed positively to the index include MEBL (+42pts), TRG (+40pts), BAHL (+14pts), MLCF (+12pts) and HBL (+8pts). Stocks that contributed negatively include HUBC (-20pts), PSO (-17pts), PPL (-14pts), EFERT (-13pts) and LUCK (-12pts).