· Market posted an increase of 305pts during the session early on, however lost that gain and by the end of session lost a total of 1055pts (including the erosion of 305pts earned earlier). Market on Close (MoC) saw steep decline with the index seeing close at -667pts (unadjusted). Selling was witnessed across the board, with heavy implication on Technology and Cement sectors. Despite low leverage level in the market in DFC, MTS and MFS segments, index melted due to calls of redemption at Mutual Funds. Regardless of the steep decline in Index, overall trading volumes remained low comparative to the hay days seen in outgoing fiscal. Among scrips, TELE realized trading volumes of 28.1M shares, followed by WTL (26.4M) and TPL (21.4M).

· The Index closed at 46,009pts as against 46,528pts showing a decline of 519pts (-1.1% DoD). Sectors contributing to the performance include Cement (-101pts), Technology (-81pts), Banks (-45pts), Fertilizer (-39pts) and E&P (-34pts).

· Volumes increased from 194.7mn shares to 325.9mn shares (+67% DoD). Average traded value also increased by 53% to reach US$ 73.1mn as against US$ 47.9mn.

· Stocks that contributed significantly to the volumes include TELE, WTL, TPL, BYCO and TRG, which formed 33% of total volumes.

· Stocks that contributed positively to the index include HMB (+18pts), MCB (+18pts), BAFL (+14pts), ANL (+14pts) and COLG (+7pts). Stocks that contributed negatively include SYS (-53pts), MEBL (-37pts), HBL (-34pts), LUCK (-32pts) and TRG (-23pts).