Market Evening Wrap 26th Nov. 2019

The Benchmark KSE100 index opened at 38,1.66pts with a positive gap of 39.38pts during current trading session and continue its bullish rally towards 38,568.05pts to post day high with net change of 355.77pts in first one and half hour but then crashed towards 37,631.03pts in just next thirty minutes with net change of -581.25pts. Bulls again have tried to take control of index and they succeeded in taking index in positive by 73.58pts from -581.25pts but they could not maintain their grip and index started sliding downward again to post day low at 37,535.89pts with net change of -676.39pts. While session closed at 37,795.05pts with net change of -417.23pts.

Trading volume at PSX floor doubled on DoD basis to reach total volume figure of 488.7 million shares and a net change of 247.16 million shares or 102.33% was recorded at day end today. UNITY, FFL and PAEL lead the volume numbers with 58.08, 33.93 and 29.63 million shares with net price change of 7.03, 5.72 and 2.60 percent respectively. While trading volume of KSE100 listed companies also doubled to reach 334.18 million shares with net change of 167.16 million shares or 100.08% on DoD basis.

348 companies participated in regular trading at PSX and 123 companies closed with a positive note while 13 closed with no change and 212 companies closed in negative zone out of these 348 companies. COLG, HINOO and HINO lead the movers with net price change of 4999, 24.63 and 23.13 Rs/share respectively. While on the other side SAPL, BATA and RMPL remained top laggards with net price change of -36.00, -28.50 and -25.00 Rs./share respectively.

ENGRO, DAWH and UBL remained top three index movers and these have tried to add 34.54, 17.94 and 12.01 points in index with net price change of 5.02m 2.64 and 1.14 Rs/share respectively. While HUBC, OGDC and MCB remained top three index shakers and these have dragged index in negative zone by -74.08, -55.93 and -51.33 points with net change of -3.46, -3.93 and -5.62 Rs/share respectively.

Cement, Vanaspati and Banks were top three volume leading sectors at PSX floor during current trading session with net trading volume of 59.47, 58.08 and 50.46 million shares in their respective companies. Power generation, Oil & Gas Exploration and Banks sectors have dragged index in negative zone by -95.09, -89.59 and -69.95 points with accumulative average price change of -2.56, -1.28 and -0.98 percent in their respective companies. While on the side Insurance, Engineering and Inv. Banks/Inv. Companies sectors have tried to pump some fresh air in index by adding 20.20, 12.26 and 11.69 points in index with accumulative average price change of 3.36, 4.50 and -1.51 percent in their respective compaies.