Market braced the impact of APG’s (Asia Pacific Group) decision to maintain Pakistan’s position on Enhanced Follow-up List, which was primarily an evaluation based on Pakistan’s performance as of February 2020. The plenary session is scheduled to be held during October 21-23, 2020. The index which added another 249pts during the session today, on top of 2230pts since recent low, all of a sudden felt quite heavy to retail investors who considered it best to book profit and close positions. Among scrips, POWER topped the volumes with 50.4M shares, followed by HASCOL (41.8M) and TRG (23.4M).

· The Index closed at 40,210pts as against 40,798pts showing a decline of 589pts (-1.4% DoD). Sectors contributing to the performance include E&P (-98pts), Cement (-85pts), Banks (-72pts), O&GMCs (-50pts) and Power (-48pts).

· Volumes increased from 358.8mn shares to 377.6mn shares (+5% DoD). Average traded value also increased by 8% to reach US$ 79mn as against US$ 72.8mn.

· Stocks that contributed significantly to the volumes include POWER, HASCOL, TRG, UNITY and JSCL, which formed 41% of total volumes.

· Stocks that contributed positively to the index include ANL (+5pts), BAHL (+4pts), FCEPL (+4pts), MTL (+4pts) and AGP (+4pts). Stocks that contributed negatively include OGDC (-45pts), HBL (-38pts), HUBC (-38pts), TRG (-35pts) and PPL (-32pts). (AHL)