Market Evening Wrap 12th Dec. 2019

The Benchmark KSE100 index opened at 40,556.76pts with a positive gap of 25.34pts and in first half an hour bulls dominated the market very aggressively and they pushed index towards its day high at 40,769.88pts with net change of 238.46pts but index started facing pressure from that region and they lost control on market and bears pushed index downward by more than 500pts from that region towards its day low at 40,172.32pts with net change of -359.10 in next one hour. Later on pressure was released and index started correction on intraday basis and recovered towards 40,574.41pts where net change again turned into positive numbers but session suspended at 40,522.64pts with net change of -8.78pts. While after averaging mechanism index closed at 40,514.17pts with net change of -17.25pts.

Trading volume at PSX floor started shrinking again and today volume figures settled at 226.56 million shares with net change of -78.47 million shares or -25.72% on DoD basis. Trading volume of KSE100 listed companies also dropped by 51.83 million shares or 25.18% on DoD basis to settle at 154.03 million shares. UNITY, TRG and FFL remained top three volume leading scripts with net volume figures of 37.75, 12.90 and 10.99 million shares with net price change of 1.98, -4.00 and -1.14 percent on DoD basis.

Today, 337 companies participated in trading at PSX floor, 121 out of these closed with a net positive change while 17 companies closed with no price change but 199 companies closed with net negative change. RMPL, NESTLE and PAKT lead the price movers with net price change of 145.00, 130.00 and 125.00 Rs/share. While on the other side SAPT, PMPK and WYETH lead the price losers with net price change of -55.20, -44.95 and -42.00 Rs/share respectively.

PAKT, PPL and OGDC lead the index movers by adding 34.66, 28.17 and 21.54 points in index with net price change of 125.00, 1.90 and 1.50 Rs/share. While on the other side BAHL, SNGP and SEARL remained top three index shaker scripts and these have dragged index into negative direction by -16.62, -16.23 and -12.84 points with net price change of -1.03, -2.55 and -6.04 Rs/share.

Vanaspati, Technology and Cement sectors remained top three volume leading sectors with net trading volume figures of 37.75, 27.24 and 23.11 million shares. Oil & Gas Exploration, Tobacco and Investment Banks sectors have pushed index into positive zone by 56.89, 31.58 and 23.99 points with accumulated average price change of 0.91, 1.60 and 3.22 percent in their respective companies. While on the other side OMCs, Cement and Fertilizer sectors have dragged index into negative zone by -28.65, -20.19 and -20.04 points with accumulated average price change of -1.85, -0.84 and -0.98 percent in their respective companies.