· Market continued the uptrend from yesterday and added another 392pts during the session, closing +166pts (unadjusted). Cement, E&P and Banking sectors contributed to the increase in Index. International crude prices supported the positive stance in E&P, which was primarily on account of the consistent draw down in global floating storage of crude products. On the other hand, Cement sector performed in anticipation of better results from the outgoing quarter. Last half hour of the session saw Moodys issuing positive statement on Pakistani banks that helped the banking sector perform relatively better. Among scrips, KEL posted trading volume of 110.5M shares, followed by PIBTL (79.6M) and POWER (45M).

· The Index closed at 46,092pts as against 45,922pts showing an increase of 170pts (+0.4% DoD). Sectors contributing to the performance include Technology (+79pts), Cement (+74pts), Textile (+49pts), Banks (+43pts) and Engineering (+24pts).

· Volumes increased further from 825.8mn shares to 845.3mn shares (+2% DoD). Average trading volumes increased by 27% to reach US$ 167.5mn as against US$ 131.8mn.

· Stocks that contributed significantly to the volumes include KEL, PIBTL, POWER, HUMNL and FFL, which formed 35% of total volumes.

· Stocks that contributed positively to the index include SYS (+50pts), TRG (+28pts), PIOC (+21pts), HBL (+21pts) and INIL (+20pts). Stocks that contributed negatively include UBL (-25pts), PAKT (-17pts), DAWH (-16pts), MTL (-16pts) and KEL (-15pts).

AHL