· Market traded range bound today between +137pts and -186pts and closing the session at -122pts. First day of the rollover saw a bit of hiccup early on when the 60 and 90 day contracts faced some technical glitch. Enhancement of position limit and exposure limit helped investors take new positions, whereas Technology and Textile sectors saw nominal profit booking. PKR parity, which realized depreciation in the outgoing week, bounced back today. Cement, Steel, E&P, O&GMCs and Banks contributed negatively to the Index, whereas Fertilizer, Technology and Textile sectors had positive bearing on the Index. Among scrips, WTL led the volumes with 127.8M shares, followed by TELE (45.1M) and TPL (17.4M).

· The Index closed at 47,673pts as against 47,793pts showing a decline of 120pts (-0.3% DoD). Sectors contributing to the performance include E&P (-73pts), Cement (-55pts), Banks (-37pts), Power (-19pts), Fertilizer (+58pts), Technology (+25pts).

· Volumes increased from 314.1mn shares to 450.2mn shares (+43% DoD). Average traded value also increased by 22% to reach US$ 84.3mn as against US$ 68.8mn.

· Stocks that contributed significantly to the volumes include WTL, TELE, TPL, ASC and BYCO, which formed 49% of total volumes.

· Stocks that contributed positively to the index include ENGRO (+36pts), MCB (+24pts), EFERT (+24pts), SYS (+13pts) and TRG (+13pts). Stocks that contributed negatively include PPL (-36pts), UBL (-25pts), MEBL (-25pts), OGDC (-25pts) and HUBC (-17pts