Market Evening Wrap 20th Dec. 2019

The Benchmark KSE100 index opened at 40,748.68pts with a positive gap of 93.31pts durring current trading session and moved towards the day high at 40,748.68 with net change of 399.05pts in next ten minutes but later on bulls lost their control on market and it started sliding downward. Index posted a day low of 40,493.99pts with net change of -161.38pts but recovered in positive zone to settle at 40,832.99pts with net change of 177.62pts.

Trading volume at PSX floor dropped by 30.61% or 79.63 million shares to settle at 180.52 million shares while trading volume of KSE100 listed companies settled at 104.38 million shares with net change of -65.54 million shares or 38.57% on DoD basis. HASCOLR1, FFL and UNITY lead the volume numbers with net trading volume of 18.56, 14.16 and 8.73 million shares with net change of -6.18, -2.94 and 1.36 percent respectively.

Today, 324 companies participated in trading at PSX floor, 156 companies closed in positive zone while 10 companies closed in neutral zone but 158 companies closed with net negative change. NESTLE, PAKT and BATA lead the price gainers with net price change of 324.98, 69.00 and 34.90 Rs/shares while on the other side SFL, JLICL and WAHN lead the price losers with net price change of -9.00, -8.84 and -8.00 Rs/share.

Cement, Food and Technology sectors lead the volume figures with net trading volume of 18.35, 16.05 and 14.98 million shares. Oil & Gas Exploration, Fertilizer and Investment Banks sectors have added 125.01, 30.86 and 21.92 points in index with accumulated average price change of 1.89, -0.03 and 1.98 percent respectively. While on the other side Banks, Textile Composite and OMCs have tried to drag index in negative zone by -63.10, -22.11 and -16.71 points with accumulated average price change of -0.21, -1.22 and -0.18 percent respectively.