Market Evening Wrap 20th Dec. 2020

The Benchmark KSE100 index opened at 43,247.44pts with a positive gap of 79.67pts during current trading session and after completing its gap index posted a day high at 43,302.61pts with net change of 134.84pts in first hour of trading. While bulls lost their control on market and it started sliding downward and posted day low at 42,632.58pts with net change of -535.19pts but before closing index recovered slightly towards 42,823.35pts before closing. Later on index settled at 42,747.63pts with net change of -420.13pts at day end.

Trading volume at PSX floor dropped by 34.51 million shares or 17.74% on DoD basis to settle at 173.9 million shares. While trading volume of KSE100 listed companies also witnessed a downward trend and settled at 116.37 million shares with net change of -8.96 million shares or 7.15% on DoD basis. EFERT, TRG and BOP lead the volume leaders with net trading volume of -15.27, 11.90 and 11.71 million shares and net price change of -5.50, -4.67 and -1.44 percent respectively.

Today, 341 companies participated in trading at PSX floor and 74 closed with a positive note while 16 closed with no price change but 251 companies closed with net negative price change. COLG, MARI and SFL remained top three price gainers with net price change of 94.00, 75.05 and 26.37 Rs/shares. While on the other side BATA, SAPT and IDYM lead the price losers with net price change of -49.94, -35.99 and -30.05 Rs/share respectively.

Banks, Technology and Fertilizer sectors lead with volume figures of 27.20, 25.62 and 25.33 million shares respectively. Banks, Fertilizer and Cement have dragged the index into negative zone by -120.78, -93.93 and -48.77 points with accumulated average price change of -0.89, -0.45 and -2.74 percent respectively.