· Market saw aggressive selling today after spate of financial result announcements which had consistent earnings but declared lesser dividends than anticipated. Banking sector saw major attrition today, however, profit booking was also observed in Cement, O&GMCs and E&P sectors. Overall, the index shed 648pts during the session and ended -625pts. Market on Close (MOC) saw intense selling in Banking sector. Important results announced today included ENGRO, PSO, MEBL but ended the session at a low ebb due to the general disappointment. Among scrips, DSL topped the volumes with 58.6M shares, followed by TELE (34.3M) and KEL (29.3M).

· The Index closed at 46,143pts as against 46,768pts showing a decline of 625pts (-1.3% DoD). Sectors contributing to the performance include Banks (-247pts), Cement (-83pts), Fertilizer (-74pts), E&P (-68pts) and O&GMCs (-55pts).

· Volumes declined from 701.7mn shares to 578.0mn shares (-18% DoD). Average traded value also declined by 19% to reach US$ 146.0mn as against US$ 179.4mn.

· Stocks that contributed significantly to the volumes include DSL, TELE, KEL, WTL and ANL, which formed 30% of total volumes.

· Stocks that contributed positively to the index include ANL (+10pts), GHGL (+5pts), AICL (+4pts), THALL (+3pts) and KTML (+3pts). Stocks that contributed negatively include HBL (-91pts), ENGRO (-58pts), PSO (-52pts), LUCK (-44pts) and MCB (-41pts).