Market added a total of 559pts during the session posting a new recent high of 41,119pts, however, selling pressure brought the index below the opening level and closed the session -127pts (unadjusted). E&P, Banks, Fertilizer sector contributed to early rise in the Index. Fertilizer sector felt the heat of SC’s decision on GIDC, which is scheduled to be announced tomorrow. Similarly, HASCOL saw active trading with almost hitting upper circuit breaker and then lower circuit upon notice of grant of permanent license as an OMC in place of existing provisional one. Index level above 41k, largely prompted profit booking just before the weekend. O&GMCs topped the volumes with 105.1M shares, followed by Cement (72.8M) and Technology (69.7M). Among scrips, HASCOL led the volumes with 87.3M shares, followed by TRG (36.3M) and PRL (32.1M).

· The Index closed at 40,473pts as against 40,559pts showing a decline of 86pts (-.2% DoD). Sectors contributing to the performance include Cement (-57pts), O&GMCs (-33pts), E&P (-29pts), Pharma (-19pts) and Inv Banks (-18pts).

· Volumes declined from 600mn shares to 591.2mn shares (-2% DoD). Average traded value also declined by 10% to reach US$ 133.6mn as against US$ 147.9mn.

· Stocks that contributed significantly to the volumes include HASCOL, TRG, PRL, UNITYR2 and MLCF, which formed 33% of total volumes.

· Stocks that contributed positively to the index include FFC (+60pts), HUBC (+43pts), NBP (+24pts), UBL (+19pts) and TRG (+13pts). Stocks that contributed negatively include PPL (-16pts), MCB (-16pts), LUCK (-16pts), DAWH (-14pts) and PSO (-14pts).