Market Evening Wrap 19th Dec. 2019

The Benchmark KSE100 index opened at 41,639.43pts with net change of 35.72pts and posted the day high in next ten minutes at 41,796.33pts with net change of 192.62pts. Mean while bears took the driving seat and they pushed index towards 41,220.25pts with net change of -383.46pts, at this stage bulls tried to take over and they pushed index upward till 41,446.45ppts where net change remained only -157.26pts but they lost control and market crashed for intraday to post its day low at 40,414.36pts with net change of -1189.35pts. A slight recovery was witnessed before closing and index settled at 40,655.37pts with net change of -948.34pts.

Trading volume at PSX floor dropped slightly on DoD basis to settle at 259.89 million shares with net change of -16.31 million shares or -5.91% on DoD basis. KSE100 listed companies followed the trend in volume figures and total trading volume of these companies settled at 169.74 million shares with net change of -13.12 million shares or -7.17% on DoD basis. UNITY, HASCOLR1 and FFL lead the volume numbers at PSX with net trading volume of 26.37, 13.22 and 12.56 million shares with net price change of -3.30, -8.22 and -6.15 percent.

Today, 342 companies participated in trading at PSX floor and 36 out of these closed with a positive note while 12 companies closed with no change but 294 companies closed with a net negative price change. SAPT, SHFA and SHEZ lead the price gainers with net change of 20.00, 15.49 and 12.00 Rs/share respectively. While on the other side NESTLE, BATA and RMPL remained top three price laggards with net change of -384.98, -100.00 and -50.00 Rs/share.

Vanaspati, Cement and Banking sector lead the volume figures at PSX floor with net trading volume of 26.38, 25.90 and 23.59 million shares. Banks, Oil & Gas Exploration and Fertilizer sectors remained as top three index shaker sectors and these have dragged index by -231.21, -171.89 and -116.16 points with accumulated average price change of -2.15, -2.73 and -2.54 percent in their respective companies.