· Market oscillated between +438pts and -141pts during the session that ended on a negative note -56pts (unadjusted). HBL’s announcement of financial results became a major dampener for investors who bought the share in anticipation of hefty dividend. However, after announcement of results, HBL came down to its near term support of 130. PSO and ENGRO were also due to announce results today, but were deferred till tomorrow due to time. Profit booking was observed in Cement, Steel and Power sectors that eroded the gains made earlier in the session. Among scrips, HUMNL realized trading volumes of 77.8M shares, followed by TELE (76.1M) and DSL (52.9M).

· The Index closed at 46,768pts as against 46,868pts showing a decline of 100pts (-0.2% DoD). Sectors contributing to the performance include Banks (-145pts), E&P (-28pts), Tobacco (-21pts), Power (-20pts), Autos (+28pts) and Cement (+26pts).

· Volumes increased from 514.2mn shares to 701.8mn shares (+36% DoD). Average traded value also increased by 12% to reach US$ 179mn as against US$ 159.2mn.

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

· Stocks that contributed positively to the index include LUCK (+56pts), MTL (+29pts), PSO (+24pts), TRG (+19pts) and FFC (+17pts). Stocks that contributed negatively include HBL (-130pts), OGDC (-23pts), PAKT (-19pts), DGKC (-18pts) and HUBC (-16pts).