· Market remained under pressure today due to further devaluation of PKR against the US Dollar and concerns over spikes in market treasury bill yields. Despite opening in the green zone KSE-100 failed to sustain the positive zone as profit taking was observed. In the last trading hour rally was witnessed in the refinery sector as PRL announced tremendous financial results beating analyst expectations.

· The Index closed at 45,652.62 down by 290.64pts (-0.63% DoD). Sectors contributing to the performance include Banks (-61.8pts), E&P (-37.3pts), Fertilizer (-35.3 pts), Cement (-34.7pts) and Technology (-32.1 pts)

· Volumes decreased from 235.0mn shares to 186.4mn shares (-20.7% DoD). Average traded value also decreased by 29.8% to reach US$ 30.1mn as against US$ 42.8n.

· Stocks that contributed significantly to the volumes are LOTCHEM, CNERGY, PRL, HUMNL and GGL.

Courtesy – AHL