· Market saw heavy selling pressure today against all the positive news flow that came to fruition over the weekend, from possible reduction in CGT to duty reduction for Auto manufacturers and release of circular debt related payments to IPPs. Reportedly, ISL increased steel prices today which helped the stock price gain during the session, however profit booking brought the price below LDCP by the closing. E&P, Refinery, O&GMCs, Technology stocks bore selling pressure. KAPCO, which was the main beneficiary of release of circular debt related funds from the Government, could not stand firmly and selling pressure brought its price below LDCP briefly. Among scrips, HUMNL topped the volumes with 118mn shares, followed by WTL (80.5M) and PTC (64.6M).

· The Index closed at 48,303pts as against 48,212pts showing an increase of 91pts (+0.2% DoD). Sectors contributing to the performance include Glass (+22pts), Fertilizer (+19pts), Textile (+18pts), Power (+14pts) and Cement (+12pts).

· Volumes increased from 867.3mn shares to 936mn shares (+7% DoD). Average traded value also increased by 4% to reach US$ 178.3mn as against US$ 171.9mn.

· Stocks that contributed significantly to the volumes include HUMNL, WTL, PTC, BYCO and TELE, which formed 37% of total volumes.

· Stocks that contributed positively to the index include SYS (+27pts), GHGL (+22pts), KTML (+19pts), HUBC (+12pts) and PTC (+11pts). Stocks that contributed negatively include TRG (-25pts), PSO (-12pts), PPL (-10pts), NML (-9pts) and HBL (-9pts).