The Market traded range bound today between -119pts and +241pts and closed the session -22pts. E&P largely added points on the index, whereas Cement and Banking sector stocks faced selling pressure. Fertilizer Sector remained under pressure throughout the session, but ENGRO’s financial results with a dividend of Rs. 8/share, helped Fertilizer sector stage recovery by the end of session. Cement sector posted volumes of 75.4M shares, followed by Technology (54.5M) and O&GMCs (40.3M). Among scrips, PIBTL topped the volumes with 35.5M shares, followed by PRL (27.5M) and DGKC (26.8M).

·        The Index closed at 40,154pts as against 40,184pts showing a decline of 30pts (-0.1% DoD). Sectors contributing to the performance include Fertilizer (+63pts), E&P (+40pts), O&GMCs (+10pts), Cement (-25pts), Technology (-23pts), Autos (-21pts), Power (-20pts) and Banks (-20pts).

·        Volumes declined from 458.8mn shares to 427.2mn shares (-7% DoD). Average traded value also declined by 10% to reach US$ 110.4mn as against US$ 123.2mn.

·        Stocks that contributed significantly to the volumes include PIBTL, TRG, POWERR1, PRL and POWER, which formed 25% of total volumes.

·        Stocks that contributed positively to the index include ENGRO (+40pts), POL (+18pts), EFERT (+14pts), OGDC (+10pts) and FFC (+10pts). Stocks that contributed negatively include TRG (-23pts), HUBC (-21pts), INDU (-10pts), DGKC (-10pts) and SHFA (-8pts). (AHL)