· Market mostly stayed in the green zone today mainly led by the banking sector. In the first session, positive momentum was observed as investors became optimistic due to the Large Scale Manufacturing Industries (LSMI) output number that increased by 5.15 percent in the first quarter (July-September) of the current fiscal year 2021-22 compared to the same period of last fiscal year 2021, as almost all major manufacturing sectors posted growth. In the second session, profit booking was observed across the board after the Current Account Deficit (CAD) number clocked in at USD 1.7bn during Oct’21. On YoY basis, the primary reason behind the deficit was 66% YoY increase in total imports to USD 6.8bn. On the institutional front, accumulation was witnessed in the banking stocks. Moving forward, MPC decision to raise the policy rate by 150 basis points to 8.75% will create volatility in the upcoming roll-over week.

· The Index closed at 46,489.4pts, up 378.9pts, (0.82% DoD). Sectors contributing to the performance include Banks (178.98pts), Fertilizers (102.24pts), E&Ps (68.03pts) and Cements (62.03ptc).

· Volumes increased from 263.55mn shares to 304.21mn shares (15.4% DoD) and Traded value also increased by 41.6% to reach US$ 68.46mn as against US$ 48.35mn.

· Stocks that contributed significantly to the volumes include GGL, SERF, FNEL, FFLR1 and WTL.

Courtesy – AHL