· Market continued to remain under pressure due to uptick in Covid-19 cases and higher international oil prices. Market opened on a bleak note and stayed dull throughout the day even after passing of mini-budget by the President and recovery of PKR against dollar as investors remained risk-averse due to alarming Covid-19 numbers. Cement sector stayed in the red zone due to uptick in international coal prices. In the last trading hour, value buying was observed. Activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks.

· The Index closed at 45,612.2pts as against 45,763.5pts showing a decrease of 151.3pts (-0.33% DoD). Sectors contributing to the performance include Technology & Communication (-100.8pts), Commercial Banks (-28.0pts), Refinery (-13.8pts), Textile Composite (-7.5pts) and Insurance (-7.3pts).

· Volumes decreased from 240.0mn shares to 173.5mn shares (-27.7% DoD). Traded value increased by 0.1% to reach US$ 34.70mn as against US$ 34.66mn.

· Stocks that contributed significantly to the volumes include WTL, TRG, CNERGY, ACIETF and TELE.

Courtesy – AHL