· Initially the market traded in narrow range, oscillating between -71pts and +120pts, but gathered pace by the end of session to add a total of 477pts, closing the session at a high note. OGDC posted the result early on and declared below expectation dividend that dragged the price down. The stock price went up (although remained below LDCP) after announcement of a discovery. Uptick was witnessed in Technology, Cement, Steel, Banks, O&GMCs and Refinery sectors. POL added a formidable gain as an exception to OGDC and PPL. Tech sector saw AVN, TELE and NETSOL hitting upper circuits. Among scrips, TELE led the volumes with 35.8M shares, followed by BYCO (33.5M) and WTL (21.3M).

· The Index closed at 45,275pts as against 44,818pts showing an increase of 457pts (+1% DoD). Sectors contributing to the performance include Technology (+157pts), Refinery (+40pts), O&GMCs (+35pts), Fertilizer (+32pts) and Textile (+29pts).

· Volumes increased from 301.9mn shares to 364.9mn shares (+21% DoD). Average traded value also increased by 25% to reach US$ 82.5mn as against US$ 65.7mn.

· Stocks that contributed significantly to the volumes include TELE, BYCO, WTL, NCL and UNITY, which formed 34% of total volumes.

· Stocks that contributed positively to the index include TRG (+126pts), MEBL (+36pts), POL (+33pts), SYS (+26pts) and UNITY (+24pts). Stocks that contributed negatively include COLG (-24pts), MCB (-22pts), OGDC (-19pts), HMB (-11pts) and PPL (-8pts).