Market Evening Wrap 28th Nov. 2019

The Benchmark KSE100 index opened at 38,198.98pts with a positive gap of 76.26pts during current trading session and dropped towards 38,164.03pts to post the day low with a net change of 41.31pts mean while bulls take control the market to take it towards a day high of 38,874.19pts with net change of 724.47pts where it face resistance from an ascending trend line and then it started moving downward and session suspended at 38,706.27pts with net change of 583.55pts.

Trading volume at PSX floor inched up to note a net trading volume number of 348.53 million shares with net change of 120.11 million shares or 52.58% on DoD basis. UNITY, PAEL and TRG had lead the volume numbers with net trading volume of 20.42, 19.77 and 15.78 million shares and net price change of 3.31, 5.00 and 1.57 percent respectively. A total number of 213.04 million shares were traded in KSE100 listed companies where a net change of 72.87 million shares or 51.98% was recorded on DoD basis.

Today 362 companies have participated in trading at PSX floor and 283 out of these closed with a positive note and 15 closed without any price change while 64 companies closed in negative zone at day end. BATA, WYETH and SIEM lead the price movers with net price change of 84.26, 41.55 and 41.20 Rs/share respectively. While on the other side PMPK, BHAT and MEHT lead the laggards with net price change of -47.00, -25.00 and -17.73 Rs/share respectively.

HUBC, PSO and LUCK remained top three index movers and they have added 74.72, 33.64 and 30.99 points in index with net price change of 3.43, 7.10 and 10.74 Rs/Share. While SHFA, NESTLE and BAFL lead the shakers and these have tried to drag index in negative zone by -7.20, -5.07 and -4.83 points with net price change of -11.40, -97.95 and -0.29 Rs/share respectively.

Cement, Banks and Engineering sectors remained top three volume leading scripts with net trading volume of 41.32, 40.03 and 36.50 million shares respectively. Banks, Power Generation and Cement sectors have pushed index in positive zone by 103.25, 80.86 and 59.46 points with accumulated average price change of 0.93, 1.52 and 2.46 percent in their respective companies. While on the other side Miscellaneous, Paper & Board and Tobacco sectors have tried in drag index in negative direction but they could succeed in creating a noticeable impact.