Market Evening Wrap 24th Feb. 2020

The Benchmark KSE100 index opened at 40,222.25pts with a negative gap of -26.97pts during current trading session and posted its day high at 40,237.17pts in first five minutes where a net change of -12.05pts was recorded. Later on index moved in negative direction and posted a low of 39,317.72pts and then recovered slightly for an intraday correction but before day end it posted its day low of 39,079.78pts with net change of -1,169.44pts and then session closed at 39,143.73pts with net change of -1,105.49pts.

Trading volume at PSX floor increased by 58.64 million shares or 68.51% on DoD basis to settle at 144.24 million shares. While on the other side trading volume of KSE100 listed companies settled at 103.96 million shares with net change of 45.48 million shares or 77.77% on DoD basis. HASCOL, UNITY and KEL remained top three volume leaders with net trading volume of 14.36, 11.55 and 10.63 million shares with net price change of -6.43, -7.01 and -3.93 percent respectively.

Today, 336 companies participated in trading at PSX floor and 48 out of these closed with positive price change while 17 companies closed with no price change but 271 companies closed with net negative price change. NESTLE, RMPL and SFL lead the price gainers with net price change of 375.00, 300.00 and 45.95 Rs/share. While on the other side UPFL, SRVI and PAKT remained top three price losers with net price change of -200.00, -64.69 and -45.30 Rs/share.

OMCs, Bans and Cement sectors remained volume leading sectors today with net trading volume of 18.34, 17.37 and 17.15 million shares respectively. Banks, Exploration and Fertilizer sectors have dragged index into negative zone by -310.41, -190.15 and -120.46 points with accumulated average price change of -2.70, -3.23 and -2.81 percent respectively. While on the other side Foods, Miscellaneous and REIT sectors have added 31.90, 4.01 and 1.19 points in index but they could not create a noticeable impact.