Market Evening Wrap 18th Mar. 2020

The Benchmark KSE100 index opened at 32,188.55pts with a negative gap of -428.38pts and moved towards 30,934.16pts in next one hour where a net change of -1,682.77pts was recorded while at that region KSE30 index hit its circuit breaker and trading was suspended for 45 minutes. Later on after restoration index faced massive pressure and moved towards day low of 30,378.68pts with net change of -2,238.28pts. While session suspended at 30,416.005pts with net change of -2,200.88pts.

Trading volume of PSX floor shrank by 53.73 million shares or -22.35% on DoD basis to settle at 186.65 million shares. While trading volume of KSE100 listed companies settled at 133.60 million shares with net change of -62.99 million shares or -32.04% on DoD basis. KEL, BOP and HIFA remained top three volume leaders with net trading volume of 25.47, 19.57 and 9.10 million shares and net price change of -10.84, -5.41 and -3.57 percent respectively.

Today, 391 companies participated in trading at PSX floor and 24 out of these succeed in closing with net positive price change while 8 companies closed with no price change but 359 companies closed with net negative price change. SAPT, EFUL and POML remained top three price gainers with net price change of 59.62, 13.02 and 12.98 Pkr/share. While on the other side BATA, MARI and INDU remained top three price losers with net price change of -112.15, -76.49 and -64.55 Pkr/share respectively.

Banks, Power and Cement sectors remained top three volume leading sectors at PSX floor with net trading volume of 32.94, 31.08 and 22.83 million shares respectively. Banks, Exploration and Fertilizer sectors have dragged index into negative zone by -704.24, -325.31 and -312.09 points with accumulated average price change of -8.73, -7.50 and -7.46 percent respectively.