· Market took negative turn today, primarily due to the sell-off in technology stocks. Institutional investors were on the selling side, partly due to redemptions and otherwise due to concerns on rising CAD and inflation on the back of possible tariff hike. Technology, Construction, Steel sectors declined the most, whereas other sectors also bore the brunt because of weak sentiment. Few prominent scrips that could hold ground include UBL, MCB, POL. Among scrips, WTL topped the volumes with 42.1M shares, followed by FFL (17.4M) and GGL (17.3M).

· The Index closed at 47,124pts as against 47,490pts showing a decline of 366pts (-0.8% DoD). Sectors contributing to the performance include Cement (-87pts), Technology (-69pts), Power (-30pts), Fertilizer (-29pts) and O&GMCs (-25pts).

· Volumes declined from 499.7mn shares as against 337.3mn shares (-33% DoD). Average traded value also declined by 17% to reach US$ 69.2mn as against US$ 83.36mn.

· Stocks that contributed significantly to the volumes include WTL, FFL, GGL, BYCO and TELE, which formed 32% of total volumes.

· Stocks that contributed positively to the index include MCB (+13pts), HMB (+9pts), HINOON (+4pts), FCEPL (+4pts) and ABOT (+3pts). Stocks that contributed negatively include TRG (-55pts), LUCK (-42pts), HUBC (-27pts), ENGRO (-24pts) and GHGL (-17pts).