· Market priced in the positive fundamentals relating to foreign remittances as well as the expectation of better quarterly results of the Corporate sector, which has so far posted +60% growth. Cement sector continued uptrend on the prospects of better results, whereas E&P sector benefited from an increase in international crude oil prices. Selling pressure witnessed last week from Institutional and Foreign investors subsided in Banks and Fertilizer sectors that resulted in improved performance across the board. EFERT declared financial results along with dividend that brought support to the benchmark Index from overall Fertilizer sector. Similarly, HBL & UBL rebounded cautiously during the session, adding contribution to the Index. Among scrips, WTL topped the volumes with 40.3M shares, followed by MLCF (35.6M) and TELE (28.7M).

· The Index closed at 46,375pts as against 45,808pts showing an increase of 567pts (+1.2% DoD). Sectors contributing to the performance include E&P (+116pts), Technology (+73pts), Cement (+67pts), Pharma (+48pts) and Banks (+46pts).

· Volumes increased from 442.7mn shares to 486.4mn shares (+10% DoD). Average traded value also increased by 19% to reach US$ 155.9mn as against US$ 131.2mn.

· Stocks that contributed significantly to the volumes include WTL, MLCF, TELE, ANL and HUMNL, which formed 31% of total volumes.

· Stocks that contributed positively to the index include OGDC (+54pts), TRG (+45pts), DAWH (+33pts), DGKC (+33pts) and SYS (+30pts). Stocks that contributed negatively include HUBC (-8pts), FFC (-7pts), NBP (-6pts), KOHC (-6pts) and BAFL (-6pts).