·      Market traded in a narrow range between +132pts and -275pts, closing the session -226pts. Uncertainty prevailed during the session due to concerns over increase in oil prices giving rise to inflation as well as the increase in Rupee : Dollar parity which caused the investors to take a cautious approach. Despite increase in cement price / bag in the outgoing week, Cement and Steel sector stocks were down. Though oil prices have maintained stable ground, E&P sector remained under selling pressure. Among scrips, SILK topped the volumes with 235.1M shares, followed by HUMNL (60.3M) and WTL (58.4M).

·      The Index closed at 48,013pts as against 48,239pts showing a decline of 226pts (0.5% DoD). Sectors contributing to the performance include Cement (-64pts), Banks (-3pts), Chemical (-25pts), Fertilizer -24pts), O&GMCs (-20pts).

·      Volumes increased from 750.5mn shares to 839.2mn shares (+12% DoD). Average traded value declined by 23% to reach US$ 100.8mn as against US$ 131.2mn.

·      Stocks that contributed significantly to the volumes include SILK, HUMNL, WTL, PIBTL and FFL, which formed 53% of total volumes.

·      Stocks that contributed positively to the index include SYS (+19pts), FCEPL (+12pts), MEBL (+6pts), SNGP (+6pts) and HUBC (+6pts). Stocks that contributed negatively include LUCK (-33pts), PSO (-22pts), MCB (-20pts), COLG (-15pts) and ENGRO (-14pts).

Courtesy – AHL