Last trading session of the short trading week made yet another new high of 47,339pts with E&P, O&GMCs, Banks and Cement sectors contributing to the upsurge. Being also a long weekend ahead, Investors preferred booking profit than holding the positions to meet an unforeseen event over the weekend. Resultantly, the index eroded the gains of 406pts made during the session to close the session -2pts (unadjusted). Banking sectors saw almost across the board slide, whereas Engineering (Steel) sector also saw regression. Among scrips, PRL realized trading volumes of 34.4M shares, followed by TRG (30.3M) and KEL (18.6M).

· The Index closed at 46,905pts as against 46,933pts showing a slight decline of 28pts (-0.1% DoD). Sectors contributing to the performance include E&P (+119pts), Fertilizer (+21pts), Banks (-37pts), Pharma (-34pts), and Technology (-29pts).

· Volumes declined from 616.3mn shares to 440.3mn shares (-29% DoD). Average traded value also declined by 11% to reach US$ 165.1mn as against US$ 184.2mn.

· Stocks that contributed significantly to the volumes include PRL, TRG, KEL, PIBTL and HASCOL, which formed 26% of total volumes.

· Stocks that contributed positively to the index include MARI (+70pts), OGDC (+42pts), LUCK (+29pts), SYS (+18pts) and ENGRO (+16pts). Stocks that contributed negatively include TRG (-47pts), AGP (-19pts), MCB (-16pts), PAKT (-14pts) and MLCF (-14pts).

AHL