Market Evening Wrap 28th Dec. 2020

The Benchmark KSE100 index opened at 42,504.68pts with a negative gap of 35.55pts during current trading session and face some serious pressure during whole day. Index could not amend its opening price to post a new day high but slide towards 42,153.29pts to post its day low with a net change of -385.94pts. While session closed with a slight recovery at 42,299.19pts with net change of -240.4pts.

Trading volume at PSX floor shrank slightly to settle at 189.0 million shares with net change of -9.48 million shares or -0.05% on DoD basis. While trading volume of KSE100 listed companies inched up by 10.77 million shares or 0.09% to settle at 137.16 million shares. MLCF, HASCOL and UNITY remained top three volume leaders with net trading volume of 29.71, 25.38 and 9.87 million shares and net price change of 0.64, 5.47 and 0.07 percent respectively.

Today, 351 companies participated in trading at PSX floor and 135 out of these closed with a net positive price change while 21 companies close with no price change but 195 companies closed with negative price change. ICI, INDU and ATLH lead the price gainers with net price change of 37.66, 23.15 and 21.03 Rs/share. While on the other side PAKT, BATA and SFL lead the price losers with net price change of -36.00, -31.17 and -26.00 Rs/share.

Cement, OMCs and Banking sectors remained top three volume leading sectors today with net trading volume of 60.97, 27.66 and 12.42 million shares respectively. Banks, Exploration and Fertilizer sectors have dragged index into negative zone by -78.91, -50.35 and -42.70 points with accumulated average price change of -0.37, -0.84 and -0.38 percent respectively. While on the other side Chemical and Auto sectors have tried to push index into positive zone but they could not succeed in generating a noticeable impact on index.