Market Evening Wrap 25th Feb. 2020

The Benchmark KSE100 index opened at 39,037.95pts with a negative gap of -105.78pts during current trading session and recovered to post the day high at 39,247.75pts in next half an hour where a net change of 104.02pts was recorded. At this region bulls lost their control and index plunged by 450.71pts to post its day low at 38,693.02pts. Later on index tried again to recover but it got a push from 39,034.06pts after completing its 61.8% correction of its intraday bearish rally. While session suspended at 38,858.45pts with a net change of -285.28pts.

Trading volume at PSX floor again dropped by 19.93 million shares or 13.82% on DoD basis to settle at 124.35 million shares. While on the other side trading volume of KSE100 listed companies dropped by 9.51 million shares or 9.14% and settled at 94.48 million shares. UNITY, BOP and HASCOL remained top three volume leading scripts with net trading volume of 10.03, 9.16 and 8.65 million shares and net price and net price change of 1.96, 1.05 and 0.72 percent respectively.

Today, 339 companies participated in trading at PSX floor and 163 out of these closed with net positive price change while 16 companies closed with no change but 160 companies closed with net negative price change. SAPT, SFL and IDYM remained top three price gainers with net price change of 51.95, 48.93 and 42.38 Rs/share. While on the other side RMPL, PAKT and COLG lead the price losers with net price change of -189.00, -124.42 and -38.33 Rs/share.

Cement, Banks and Technology sectors remained volume leading sectors with net trading volume of 17.73, 17.57 and 12.43 million shares. Banks, Exploration and Tobacco sectors have dragged index into negative zone by -117.27, -69.08 and -33.72 points with accumulated average price change of -0.20, -0.70 and -3.25 percent respectively. While on the other side Cement, Investment and OMCs have tried to push index into positive zone by adding 32.67, 19.37 and 9.61 points but they could not succeed in creating a noticeable impact.