· Market traded range bound today, oscillating between +95pts and -231pts and closed the session -69pts (unadjusted). E&P, Cement, Banks and Fertilizer sector stocks saw profit booking with the exception of KAPCO and PSO, on the back of an expectation of release of payment related to circular debt. Persistent increase in coal prices over the past couple of weeks caused an eclipse in cement sector. Among scrips, WTL led the table with 202.6M shares, followed by BYCO (59.1M) and PTC (36.2M).

· The Index closed at 48,127pts as against 48,191pts showing a decline of 64pts (-0.1% DoD). Sectors contributing to the performance include E&P (-50pts), Cement (-29pts), Banks (-25pts), Technology (-23pts) and Fertilizer (-11pts).

· Volumes declined further from 1,392mn shares to 1,046mn shares (-25% DoD). Average traded value also declined by 9% to reach US$ 179.5mn as against US$ 197mn.

· Stocks that contributed significantly to the volumes include WTL, BYCO, PTC, UNITY and ANL, which formed 35% of total volumes.

· Stocks that contributed positively to the index include KAPCO (+15pts), NBP (+14pts), HCAR (+14pts), SHFA (+13pts) and UNITY (+13pts). Stocks that contributed negatively include HBL (-35pts), OGDC (-21pts), PPL (-10pts), LUCK (-16pts) and TRG (-14pts).

(AHL)