• Profit booking was witnessed today after a stellar session yesterday that brought the index down by 509pts during the session, and closed -432pts (unadjusted). Technology, Cement, O&GMCs and Refineries bore selling pressure, whereas HBL among Banks surged notably. Technology sector saw TRG, NETSOL and SYS declining below respective LDCPs. Among scrips, TPL topped the volumes with 41.9M shares, followed by PACE (26.9M) and WTL (25.5M).
• The Index closed at 47,563pts as against 48,053pts showing a decline of 490pts (-1% DoD). Sectors contributing to the performance include Cement (-102pts), Technology (-79pts), E&P (-48pts), Fertilizer (-46pts) and Banks (-33pts).
• Volumes increased from 475.2mn shares to 505.9mn shares (+6% DoD). Average traded value, however, declined by 28% to reach US$ 96.6mn as against US$ 133.9mn.
• Stocks that contributed significantly to the volumes include TPL, PACE, WTL, BYCO and PASL, which formed 27% of total volumes.
• Stocks that contributed positively to the index include PSX (+18pts), HBL (+7pts), KAPCO (+6pts), NESTLE (+5pts) and FCEPL (+3pts). Stocks that contributed negatively include TRG (-60pts), LUCK (-54pts), HUBC (-31pts), PAKT (-22pts) and UNITY (-18pts).
(AHL)