Market Evening Wrap 11th Dec. 2019

The Benchmark KSE100 index opened at 40,42.67pts with a positive gap of 78.07pts during current trading session and moved towards its day high at 40,911.19pts with net change of 246.59pts in a zig zag mode, later on bears took control of the market and they dragged index in negative zone and pushed it towards day low at 40,450.98pts with net change of -213.62pts. While session suspended at 40,471.93pts with net change of -192.67 and average settlement for the day was posted at 40,531.42pts with net change of -133.18pts.

Trading volume of at PSX floor surged slightly towards 305.03 million shares with net change of 50.41 million shares or 19.8% on DoD basis. KSE100 listed companies volume figures also advanced by 48.73 million shares or 31.01% to settle at 205.87 million shares. UNITY, POWER and PAEL lead the volume figures at PSX floor with net trading volume of 44.52, 16.30 and 15.62 million shares with net price change of 3.56, 6.21 and 1.20 percent respectively.

Today, 361 companies participated in trading at PSX floor, 141 out of these closed with a positive change while 19 companies closed in neutral zone but 201 companies closed with a net negative change. UPFL, COLG and PMPK lead the price movers with net price change of 150.01, 100.00 and 96.00 Rs/share. While on the other side SAPT, BHAT and NESTLE lead the price losers with net price change of -57.00, -39.01 and -37.61 Rs/share respectively.

MARI, FFC and COLG were top three index moving scripts and these have tried to add 37.17, 16.47 and 12.77 points in index with next price change of 64.75, 1.06 and 100.00 Rs/share. While on the other side HUBC, OGDC and PPL remained top three index shakers and these have dragged index in negative zone by -41.68, -40.03 and -36.56 points with net price change of -1.93, -2.85 and -2.48 Rs/share.

Cement, Vanaspati and Banks remained top three volume leading sectors at PSX floor with net trading volume of 44.61, 44.55 and 31.90 million shares. Banks, Power Generation and Oil & Gas Exploration sectors have lead index in negative zone by -69.30, -56.04 and -41.56 points with accumulated average price change of -0.35, -1.38 and 0.17 percent in their respective companies.