· The market observed a negative session today due to concerns over mounting inflation and GDP growth rate. Investors’ participation remained sideways throughout the day although value buying was witnessed in the last trading hour which helped the index to recover as it made an intraday low of 763.38 points. Volumes remained dry in the main board whereas hefty volumes were witnessed in the 3rd tier stocks.

· The Index closed at 42,504.34pts, down by 87.17pts (-0.20% DoD). Sectors contributing to the performance include E&P’s (-29.5pts), Food & Personal Care (-25.7pts), Autos (-17.8pts), Pharmaceuticals (-15.9pts) and Textiles (-13.4pts).

· Volumes decreased from 265.7mn shares to 229.2mn shares (-13.7% DoD). Average traded value also decreased by 19.4% to reach US$ 32.8mn as against US$ 40.7mn.

· Stocks that contributed significantly to the volumes are WTL, KEL, CNERGY, PRL and UNITY.

Courtesy – AHL