Market Evening Wrap 26th Dec. 2019

The Benchmarks KSE100 index opened at 40,383.90pts with a positive gap of 55.58pts during current trading session and moved straight towards 40,97.38pts in next one and half hour where bulls lost the control for a while and index corrected itself for intraday and moved downward till 40,685.31pts where net change remained 356.99pts. Later on bulls took control again and they pushed index towards its day high at 41,148.72pts with net change of 820.40pts. While session suspended at 41,127.79pts with net change of 799.47pts.

Trading volume at PSX floor remained approximately same as last day and a trading figure of 236.8 million shares was noted during the day with a net change of 0.57 million shares or 0.24% on DoD basis. While trading volume of KSE100listed companies settled at 132.00 million shares with net change of -3.3 million shares or -2.44% on DoD basis. UNITY, WTL and HASCOLR1 remained top three volume leaders with net trading volume of 27.20, 21.02 and 17.55 million shares with net price change of 6.68, 5.83 and 11.71% respectively.

Today, 349 companies participated in trading and 262 out of these closed in positive zone while 10 companies close with no price change but 77 companies closed in negative zone at day end. WYETH, MARI and ICI lead the price gainer with net price change of 35.00, 30.81 and 30.72 Rs per share. While on the other side PAKT, SFL and AKZO remained top three price losers with net price change of -128.45, -40.32 and -12.93 Rs per share respectively.

TECHNOLOGY, VANASPATI and BANKING sectors remained volume leading sector with net trading volume of 33.65, 27.20 and 22.28 million shares respectively. BANKS, OIL & GAS EXPLORATION and OMCs sectors have pushed index in positive zone by adding 334.18, 147.04 and 56.67 points with accumulated average price change of 2.43, 2.20 and 3.41 percent in their respective companies.