Market Evening Wrap 24th Dec. 2019

The Benchmark KSE100 index opened at 39,951.90pts with a negative gap of -56.39pts during current trading session and moved towards positive zone at 40,154.59pts with net change of 146.30pts in next half an hour but from there bears start riding the market and they pushed index towards its day low at 39,455.33pts with net change of -552.96pts. Later on some fresh volumes popped up at strong supportive region on daily chart and index started bouncing back and bulls took over the driving and they push index towards a new day high at 40,488.68pts with net change of 480.39pts. Index corrected itself a bit before closing and settled at 40,354.33pts with net change of 346.04pts at day end.

Trading volume at PSX floor inched up by one third during current trading session. Total trading volume settled at 235.86 million shares with net change of 56.76 million shares or 31.70% on DoD basis. While trading volume of KSE100 listed companies also increased by 30.75 million shares or 29.49% on DoD basis to settle at 135.04 million shares. FFL, UNITY and BOP lead the volume numbers at PSX floor with net trading volume of 25.89, 13.42 and 11.81 million shares with net price change of 3.70, 7.16 and -1.73 percent on DoD basis.

Today, 334 companies participated in trading at PSX floor and 194 out of these closed with a positive note while 28 closed with no price change but 112 companies closed with a net negative price change. SAPT, NESTLE and MARI lead the price gainers with net price change of 41.48, 23.99 and 20.10 Rs/share. While on the other side SAPL, IDYM and SHFA lead the price losers with net price change of -40.00, -25.00 and -16.84 Rs/share respectively.

Food, Technology and Banking Sectors lead the volume figures today with net trading volume of 28.65, 28.11 and 27.89 million shares. Oil & Gas Exploration, Power Generation and OMCs sectors have pushed index into positive zone by 92.15, 38.23 and 37.14 points with accumulated price change of 1.40, 0.61 and 1.11 percent in their respective companies.