· Market continued trending downward today and lost a total of 1221pts during the session and closed -339pts (unadjusted) while posting partial recovery. Leveraged positions of retail investors played havoc on the market today, which received margin calls after continuous declines witnessed in the Index for the past couple of sessions. Besides, negative news flow relating to MCB Bank employees implying in the Money Laundering case also dented the sentiment. The technology and Refinery sectors got hurt the most; however, selling pressure was also observed in Cement, Steel, Fertilizer, Banks and E&P sectors. Among scrips, WTL led the table with 90.9M shares, followed by ANL (36.1M) and HUMNL (34M).

· The Index closed at 45,597pts as against 46,009pts showing a decline of 412pts (-0.9 DoD). Sectors contributing to the performance include Technology (-77pts), E&P (-40pts), Textile (-38pts), Fertilizer (-35pts) and Refinery (-33pts).

· Volumes increased further from 325.8mn shares to 583.7mn shares (+79% DoD). Average traded value also increased by 41% to reach US$ 103.1mn as against US$ 73.1mn.

· Stocks that contributed significantly to the volumes include WTL, AN, HUMNL, BYCO and TELE, which formed 38% of total volumes.

· Stocks that contributed positively to the index include MEBL (+26pts), MCB (+11pts), SNGP (+9pts), FCCL (+9pts) and INIL (+8pts). Stocks that contributed negatively include TRG (-38pts), SYS (-38pts), HBL (-25pts), UBL (-20pts) and CHCC (-16pts).

Courtesy – AHL