Market Evening Wrap 19th Feb. 2020

The Benchmark KSE100 index opened at 40,221.82pts with a positive gap of 46.47pts during current trading session and moved towards 40,122.88pts in next ten minutes to post its day low where net change of 36.53pts was recorded. Later on bulls pushed index towards its day high at 40,644.06pts with a net change of 468.71pts. Later on index took an intraday correction but it strongly hold its supportive region of 40,450pts and suspended at 40,574.52pts with a net change of 399.17pts.

Trading volume at PSX took a spike on DoD basis and settled at 142.96 million shares with net change of 51.32 million shares or 56%. While trading volume of KSE100 listed companies also closed with a positive note at 109.56 million shares with net change of 39.16 million shares or 55.63% on DoD basis. UNITY, HASCOL and DGKC lead the volume leaders with net trading volume of 21.64, 10.08 and 9.51 million shares and net price change of 5.25, 3.82 and 4.42 percent respectively.

Today, 340 companies participated in trading at PSX floor and 210 out of these closed with net positive price change while 25 companies closed with no price change but 105 companies closed with net negative price change. SRVI, SFL and MTL remained top three price gainers with net price change of 48.77, 47.45 and 44.07 Rs/share. While on the other side SAPT, UPFL and OTSU lead the price losers with net price change of -64.93, -50.00 and -25.61 Rs/share.

Cement, Vanaspati and Technology sectors remained volume leaders with net trading volume of 24.12, 21.64 and 15.52 million shares. Banks, Exploration and Cement sectors have pushed index into positive zone by adding 84.49, 74.11 and 53.86 points with accumulated average price change of 1.09, 0.93 and 2.88 percent respectively.