Market had a field day bearing heavy selling pressure during the session, particularly on Cement, E&P, and Banking sector stocks that brought the index down by 459pts. Recovery set in by mid-day, which brought the index level back up and closed the session -70pts. Settlement of rollover trades, apprehensions on rising Corona related cases as well as weak investor sentiment in international markets caused local investors to stay cautious as well. Cement sector registered trading volumes of 53.5M shares, followed by Power (49.3M) and Technology (43.3M). Among scrips, KEL topped the volumes with 40M shares, followed by UNITY (33.1M) and HASCOL (32.1M).

· The Index closed at 41,806pts as against 41,876pts showing a decline of 70pts (-0.2% DoD). Sectors contributing to the performance include E&P (-86pts), Food (-20pts), Power (-16pts), Fertilizer (+69pts) and Cement (+18pts).

· Volumes dropped from 582.8mn shares to 434.9mn shares (-25% DoD). Average traded value however increased by 17% to reach US$ 91mn as against US$ 77.6mn.

· Stocks that contributed significantly to the volumes include KEL, UNITY, HASCOL, POWER and PIBTL, which formed 33% of total volumes.

· Stocks that contributed positively to the index include ENGRO (+36pts), EFERT (+24pts), FFC (+15pts), LUCK (+15pts) and PSO (+14pts). Stocks that contributed negatively include OGDC (-48pts), PPL (-33pts), TRG (-20pts), NESTLE (-14pts) and BAFL (-11pts).