· Anticipation of better quarterly results as well as continued bull run in international crude oil prices boosted investor confidence to take new positions in O&GMCs, E&P and Refinery sectors. Banking sector stocks remained under selling pressure following the downtrend witnessed in the recent sessions. Power and Refinery sectors also performed well on the expectation of finalization of OMC Policy by Government. Among scrips, TELE realized trading volume of 62.8M shares, followed by PRL (43.1M) and HASCOL (39.7M).

· The Index closed at 46,675pts as against 46,722pts showing a decline of 47pts (-0.1% DoD). Sectors contributing to the performance include Banks (-79pts), Pharma (23pts), Textile (-20pts), E&P (+44pts) and O&GMCs (+22pts).

· Volumes increased from 428.6mn shares as against 664.0mn shares (+55% DoD). Average traded value also increased by 28% to reach US$ 178.1mn as against US$ 139.2mn.

· Stocks that contributed significantly to the volumes include TELE, PRL, HASCOL, TRG and PIBTL, which formed 32% of total volumes.

· Stocks that contributed positively to the index include POL (+22pts), PSO (+20pts), KAPCO (+15pts), MEBL (+15pts) and ATRL (+14pts). Stocks that contributed negatively include UBL (-30pts), HBL (-26pts), MCB (-24pts), ENGRO (-13pts) and FCEPL (-12pts).

Courtesy – AHL