· Market traded in a narrow range between +50pts and -147pts, closing the session -85pts (unadjusted). Index traded directionless as it has been the case for the past 2 weeks, where the market is looking for a significant driver and has discounted IMF transferring US$ 2.8B in new funding to Pakistan. Foreign investors have been increasing positions in Technology stocks, where Local Corporates and Individuals have been disposing off positions. Steel, Cement, Chemical, Refinery, E&P and O&GMCs saw selling pressure. Among scrips, TPLP led the volumes with 24.5M shares, followed by GGL (23.8M) and WTL (11.4M).

· The Index closed at 47,170pts as against 47,271pts showing decline of 101pts (-0.2% DoD). Sectors contributing to the performance include Cement (-46pts), E&P (-23pts), Technology (-23pts), O&GMCs (-18pts) and Misc (+33pts).

· Volumes declined from 230.1mn shares to 213.3mn shares (-7% DoD). Average traded value also declined by 19% to reach US$ 56.8mn as against US$ 70.4mn.

· Stocks that contributed significantly to the volumes include TPLP, GGL, WTL, TPL and TRG, which formed 37% of total volumes.

· Stocks that contributed positively to the index include PSEL (+33pts), TRG (+9pts), GHGL (+8pts), FCEPL (+8pts) and MTL (+7pts). Stocks that contributed negatively include SYS (-32pts), MLCF (-19pts), LUCK (-18pts), OGDC (-12pts) and MCB (-10pts).