Market traded range bound between +212pts and -135pts, closing the session +34pts (unadjusted). Overall trading volumes remained thin, compared with trading volumes in the previous quarter or so. Banks, Fertilizer and off board scrips largely contributed to day’s activity. Banking sector saw HBL and MCB posting price gains. Overnight positivity in US Futures, followed by regional markets helped Investors take a positive view, although muted, on KSE100. Among scrips, POWER topped the volumes with 36.5M shares, followed by TRG (31.9M) and PAEL (19.2M).

· The Index closed at 40,784pts as against 40,732pts showing an increase of +52pts (+0.1% DoD). Sectors contributing to the performance include Banks (+40pts), Technology (+40pts), Pharma (+26pts), Chemical (+18pts) and Fertilizer (+15pts).

· Volumes declined from 350.4mn shares to 276.8mn shares (-21% DoD). Average traded value also declined by 17% to reach US$ 59.9mn as against US$ 72.5mn.

· Stocks that contributed significantly to the volumes include POWER, TRG, PAEL, PRL and UNITY, which formed 44% of total volumes.

· Stocks that contributed positively to the index include HBL (+40pts), TRG (+37pts), MCB (+24pts), COLG (+22pts) and GLAXO (+13pts). Stocks that contributed negatively include LUCK (-21pts), NBP (-10pts), PPL (-8pts), OGDC (-8pts) and EFUG (-6pts).