· Market traded range bound oscillating between +149pts and -163pts, ending the session -134pts (unadjusted). Political uncertainty continued playing with sentiments today besides selling in E&P stocks due to concern over crude oil price in international market and liquidity crunch affecting operational performance of underlying companies. Banking stocks followed suit with negative price performance. Besides, Technology stocks saw selling pressure in TRG that put additional pressure on the Index. BYCO, which saw significant share transfers in NDMs yesterday, realized healthy volumes with price uptick in the regular market, topping the volume leaders. HASCOL realized an upper circuit closing for the second consecutive day. Among scrips, BYCO led the table followed by WTL (77.7M) and HASCOL (59.5M).

· The Index closed at 45,574pts as against 45,682pts showing a decline of 108pts (-0.2% DoD). Sectors contributing to the performance include Banks (-102pts), E&P (-48pts), Technology (-25pts), Cement (-13pts) and Engineering (-7pts).

· Volumes increased from 578.3mn shares to 784.0mn shares (+36% DoD). Average traded value on the other hand remained at US$ 135.7mn as against US$ 135.5mn the other day.

· Stocks that contributed significantly to the volumes include BYCO, WTL, HASCOL, KEL and PIBTL, which formed 45% of total volumes.

· Stocks that contributed positively to the index include PIBTL (+15pts), HASCOL (+14pts), SEARL (+13pts), COLG (+13pts) and DAWH (+9pts). Stocks that contributed negatively include HBL (-49pts), OGDC (-24pts), HMB (-21pts), MCB (-17pts) and SYS (-17pts).

Courtesy – AHL