Market Evening Wrap 25th Nov. 2019

The Benchmark KSE100 index opened at 37,995.29pts with a positive gap of 69.50pts during current trading session and moved upward to hit 38,092.96pts with net change of 167.17pts but in first fifteen minutes it dropped back towards 37,839.03pts to post a day low with net change of -86.76pts. Later on bulls take control of the market and they lead index towards the day high of 38,293.08pts with net change of 367.29pts. While session suspended at 38,212.28pts with net change of 286.49pts. Overall a volatile session was witnessed at PSX floor.

No significant change in volume figures was noticed at PSX floor where a total number of 241.54 million shares were traded. PAEL, UNITY and TRG remained in top volume leaders with net trading volume of 19.08, 18.62 and 15.01 million shares with net price change of 4.98, 9.02 and 4.97 percent respectively. While Trading volume of Companies listed in KSE100 index posted a total number of trading volume at 167.02 million shares with net change of 0.73 million shares or 0.44% on DoD basis.

357 Companies participated in trading at PSX floor during current trading session and 222 out of those companies closed in positive zone, 21 closed with no change while 114 companies closed in negative zone. UPFL, COLG and PMPK remained top movers with net price change of 345, 60.02 and 53.99 Rs/Share. But SFL, SRVI and TICL remained top laggards with net price change of -20.50, -15.38 and -12.76 Rs/Share respectively.

LUCK, MCB and HBL lead the index movers and these have added 44.87, 33.54 and 33.46 points in KSE100 index with net price change of 15.55, 3.63 and 2.05 Rs/Share respectively. While on the other side HUBC, PPL and SHFA have tried to drag index by -23.38, -23.27 and -6.84 Rs/Share with net price change of -1.07, -1.55 and -11.00 Rs/Share respectively.

Banks, Cements and Fertilizer sectors have pushed index in positive zone by 133.,66, 74.38 and 30.68 points with accumulative price change of 1.30, 2.98 and 0.90 percent in share prices or their respective companies. While on the other side Power Generation, Oil Exploration and Miscellaneous sectors have tried to drag index in negative zone by -24.34, -12.77 and -6.92 points and accumulative price change of -0.38, -0.14 and -2.30 percent in share prices of their respective companies. Cement, Technology and Food & Personal Care Goods sectors remained top three volume leading sectors with net trading volume of 66.15, 47.46 and 41.17 million shares rspectively.