Market Evening Wrap 11th Feb. 2020

The Benchmark KSE100 index opened at 39,417.03pts with a positive gap of 120.33pts and moved towards 37,734.41pts where a net change of 437.71pts was recorded in next ten minutes but could not succeed in maintaining above this region and bears push index towards negative zone before closing of first trading hour and index posted low of 39,248.45pts where net change of -48.25pts was recorded. Later on index recovered for an intraday correction but bears hold their control strongly until they pushed index again into negative zone and index posted day low at 39,084.86pts with a net change of -211.84pts. But from that region bulls took the driving seat and they pushed index towards its day high at 39,985.96pts in last trading hour where net change of 689.29pts was recorded. But during the averaging mechanism index settled at 39,714.46pts with net change of 417.76pts.

Trading volume at PSX floor again dropped by 19.24 million shares or 10.64% on DoD basis to settle at 161.53 million shares. While same trend was being followed by KSE100 listed companies and trading volume of these companies also dropped by 13.88 million shares or 10.69% to settle at 115.96 million shares. HASCOL, UNITY and TRG remained top three volume leaders today with net trading volume of 12.85, 12.58 and 11.37 million shares and net price change of 5.96, 4.59 and 4.57 percent respectively.

Today, 329 companies participated in trading at PSX floor and 209 out of these closed with positive price change while 13 companies closed with no change but 107 companies closed with net negative price change. RMPL, PAKT and SAPT remained top price gainers with net price change of 145.00, 129.59 and 52.99 Rs/share. While on the other side SAPL, ATLH and MFFL lead the price losers with net price change of -39.55, -19.00 and -16.10 Rs/share respectively.

Technology, Cement and OMCs sectors remained volume leading sectors today with net trading volume of 23.24, 22.72 and 17.34 million shares respectively. Power, Exploration and Cement sectors pushed index into positive zone by adding 124.24, 111.25 and 103.14 points with accumulated average price change of 1.96, 2.33 and 4.26 percent respectively.