Volatile session was observed today due to uptick in the auction result of Market Treasury Bills. The cut-off yields on 3-12 months T-bills stood higher compared to the longer-tenure papers like 3-10 years Pakistan Investment Bonds (PIBs). Market opened in the green zone but battled between the bulls and bears throughout the day. Main board activity remained dull. On the flip-side, activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks. In the last trading hour, value buying was witnessed which led the index to close in the green zone.

The Index closed at 43,522.55pts, up by 318.76pts (+0.74% DoD). Sectors contributing to the performance include Cement (+73.7pts), Technology (+53.1pts), Commercial Banks (+36.2pts), and Fertilizer (+33.5pts).

Volumes increased from 138.3mn shares to 149.8mn shares (+8.3% DoD). Average traded value also increased by 12.7% to reach US$ 31.0mn as against US$ 27.5mn.

Stocks that contributed significantly to the volumes include TREET, TRG, TELE, PAELR3 and TPLP.