· Market remained under pressure today due to mounting international oil prices. New York’s West Texas Intermediate crude contract rose more than three percent on Tuesday as Russian President Vladimir Putin deployed troops to separatist areas of Ukraine. Selling was witnessed throughout the day mainly in the tech and cement stocks, which led the market to stay in the red zone. In the last trading hour, value hunting was observed which led to recovery in the market. Activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks.

· The Index closed at 45,012.18pts as against 45,362.85pts showing a decrease of 350.7pts (-0.77% DoD). Sectors contributing to the performance include technology (-124.2pts), Cement (-54.1pts), Fertilizer (-40.5pts), Power (-38.3pts) and OMC’S (-20.7pts).

· Volumes increased from 137.7mn shares to 227.2mn shares (+65.0% DoD). Traded value also increased by 111.1% to reach US$ 43.3mn as against US$ 20.5mn.

· Stocks that contributed significantly to the volumes include WTL, BOP, TELE, TRG and TPLP.

Courtesy- AHL