• Market traded in a narrow range and is slowly adjusting downwards after positing some 900pts last week. Today’s session saw index moving between -156pts and +152pts, closing the session -120pts (unadjusted). Technology, Steel, Refinery and Cement sectors were particularly under selling pressure. Institutional investors have particularly been concerned over developing situation in Afghanistan that can have an implication on otherwise peaceful law and order situation in Pakistan, as well as increasing current account deficit that can result in declining rupee parity with USD. Among scrips, WTL led the table with 70.9M shares, followed by TREET (63.5M) and TPL (26.5M).

• The Index closed at 47,447pts as against 47,563pts showing a decline of 116pts (-0.2% DoD). Sectors contributing to the performance include Cement (-38pts), Technology (-23pts), Power (-15pts), Banks (-11pts) and E&P (-10pts).

• Volumes declined from 505.9mn shares to 474.9mn shares (-6% DoD). Average traded value also declined by 6 to reach US$ 90.3mn as aganst US$ 96.5mn.

• Stocks that contributed significantly to the volumes include WTL, TREET, TPL, GGGL and UNITY, which formed 43% of total volumes.

• Stocks that contributed positively to the index include UNITY (+20pts), PSX (+20pts), MCB (+14pts), PAKT (+13pts) and HBL (+6pts). Stocks that contributed negatively include TRG (-17pts), LUCK (-17pts), BAHL (-16pts), NESTLE (-11pts) and CHCC (-11pts).

Courtesy – AHL