Market traded range bound today between -135pts and +184pts, closing the session +109pts (unadjusted). The Index was swayed by mixed expectations on FATF (due to be announced today 7 PM PST) as well as the result announcements that saw E&P companies declining on the bourse, although international crude oil prices were stable. Financial results kept the interest alive from Investors, however, persistent selling in Banks and E&P kept the Index in check. UBL was scheduled to be announced by close of session, but was deferred to Monday as the meeting was still in progress. Among scrips, MLCF topped the volumes with 45.7M shares, followed by PRL (27.9M) and UNITY (24.2M).

· The Index closed at 41,266pts as against 41,199pts showing an increase of 67pts (+0.2% DoD). Sectors contributing to the performance include Cement (+92pts), Insurance (+20pts), Fertilizer (+13pts), Banks (-31pts), E&P (-18pts) and Power (-11pts).

· Volumes declined further from 500mn shares to 354.4mn shares (-29% DoD). Average traded value also declined by 10% to reach US$ 96.8mn as against US$ 107.2mn.

· Stocks that contributed significantly to the volumes include MLCF, PRL, UNITY, FCCL and PIBTL, which formed 39% of total volumes.

· Stocks that contributed positively to the index include LUCK (+25pts), ENGRO (+19pts), CHCC (+19pts), MLCF (+13pts) and KOHC (+10pts). Stocks that contributed negatively include BAHL (-18pts), HUBC (-18pts), EPCL (-10pts), OGDC (-9pts) and PPL (-7pts). (AHL)