Overall volumes stood at 275mn shares, while value traded stood at US$69mn. UNITY (+4.3percent), WTL (-1.8percent) and TRG (+3.0 percent) cumulatively contributed more than 40mn shares to total volumes. Buying was largely driven by value hunters with E&Ps and Steel heavyweights such as MARI (+4.2percent), POL (+1.8percent), MUGHAL (+4.39percent), ASTL (+5.0percent) and ISL (+5.0percent) leading the charts.
Furthermore, BAHL (+3.9percent), FABL (+0.3percent), HBL (+2.8percent), UBL (+0.8percent) and MCB (+0.5percent) from the banking sector enjoyed the same upward trend. Moving ahead, we expect the market to remain positive in the medium term, however in short term profit taking cannot be ruled out.