· Bullish momentum continued today as confidence of investors gained due to improvement in economic numbers as trade deficit declined to USD 4.1bn during Dec 2021 and drop down in food inflation. Market opened in the green zone as traders took aggressive bet on high beta stocks. Tech stocks made the journey to the north as fresh allocation of funds towards tech sector initiated in order to make alpha returns. In the last trading hour, across the board profit taking was witnessed mainly in cyclical stocks. Activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks.

· The Index closed at 45,390.8pts as against 44,886.9pts showing an increase of 503.9pts (+1.12% DoD). Sectors contributing to the performance include Technology (+112pts), Cement (+72pts), E&P (+59pts), Power (+42pts) and Pharmaceuticals (+36pts).

· Volumes increased significantly from 195.2mn shares to 376.0mn shares (+92.6% DoD). Traded value also increased by 96.1% to reach US$ 72.3mn as against US$ 36.9mn.

· Stocks that contributed significantly to the volumes include UNITYR3, TRG, WTL, TELE and FNEL.

Courtesy – AHL