Investors maintained the same sad view on the market which was witnessed on last trading day with Index oscillating between -99pts and +221pts, closing the session -74pts (unadjusted). Banks, E&P and Cement sector stocks kept all the attempts to break free the ceiling despite international crude oil prices posting 2% growth during the trading session. Investors also seem perturbed by developing law and order situation in and around the Capital, Islamabad as well as political wrangling between the Opposition and the Incumbent Government. SNGP recovered from the disdain shown by Investors on the last trading day and after trading below LDCP posted intra-session gains to cross LDCP. Among scrips, KEL topped the volumes with 24.9M shares, followed by MLCF (14.5M) and SNGP (14.1M).

· The Index closed at 40,505pts as against 40,569pts showing a decline of 65pts (-0.2% DoD). Sectors contributing to the performance include E&P (-48pts), Textile (-25pts), Cement (-16pts), Power (+19pts) and Banks (+14pts).

· Volumes declined further from 243mn shares to 181.4mn shares (-25% DoD). Average traded value also reduced by 22% to reach US$ 39mn as against US$ 49.9mn.

· Stocks that contributed significantly to the volumes include KEL, MLCF, SNGP, PRL and UNITY, which formed 38% of total volumes.

· Stocks that contributed positively to the index include UBL (+20pts), KEL (+10pts), FFC (+9pts), FCCL (+9pts) and HUBC (+9pts). Stocks that contributed negatively include PPL (-19pts), OGDC (-17pts), LUCK (-17pts), POL (-9pts) and SYS (-9pts).

(Courtesy – AHL)