Market Evening Wrap 18th Feb. 2020

The Benchmark KSE100 index opened at 40,330.07pts with a positive gap of 53.14pts during current trading session and moved towards its day high at 40,600.80pts in next half an hour where a net change of 323.87pts was recorded. But from that region index started losing its strength and moved towards it day low in a zig zag to post its day low at 40,65.86ts with a net change of -211.07pts. While session suspended at 40,069.51pts with a net change of -207.42pts but during averaging mechanism index closed at 40,175.35pts with net change of -101.58pts.

Trading volume at PSX floor dropped again on DoD basis by 8.32 million shares or 8.32% to settle at 91.64 million shares. While trading volume of KSE100 listed companies also dropped by 7.18 million shares or 9.26% to settle at 70.4 million shares. UNITY, HBL and PSO lead remained top three volume leaders with net trading volume of 13.26, 5.38 and 4.61 million shares and net price change of 0.80, 0.92 and -5.59 percent respectively.

Today, 343 companies participated in trading at PSX floor and 123 out of these closed a positive price change while 22 companies closed with no change but 198 companies closed net negative price change. SFL, IDYM and SRVI lead the price gainers with net price change of 43.99, 43.94 and 39.33 Rs/share. While on the other side PAKT, COLG and BATA remained top three price losers with net price change of -138.71, -110.00 and -20.01 Rs/share respectively.

Banks, Vanaspati and Technology sectors remained top volume leading sectors with net trading volume of 16.78, 13.26 and 8.51 million shares. OMCs, Tobacco and Technology sectors have dragged index into negative zone by -56.70, -37.76 and -19.96 points with accumulated average price change of -1.70, -3.25 and -2.64 percent respectively. While on the other side Power, Banks and Fertilizer sectors have tried to add 40.75, 34.63 and 15.60 points in index with accumulated average price change of 0.11, -0.43 and -0.52 percent respectively.