Market Evening Wrap 28th Oct. 2019

The Benchmark KSE100 index opened at 33,781.87pts with a positive gap of 124.41pts and later on a volatile session was witnessed before day end. During the day initially a net negative change of 85.10 points was witnessed but later on index spiked to 350.89pts in positive direction, while session suspended at 33,861.59pts with a net positive change of 204.13pts.

Trading volume at PSX floor dropped by 20.62% or 35.22 million shares during current trading session, while trading volume of companies listed in KSE100 index has dropped by 23.35 million shares or 20.39% on DoD basis.

PIBTL, TRG and FCCL remained volume leaders with net trading volume of 12.67, 7.65 and 7.04 million shares respectively. While BAHL, LUCK, HBL, PSO & FCCL remained top index movers and these have moved index by 28.49. 28.15. 23.47 17.34 and 14.1 points respectively but on the other side FFC, COLG, BAFL, PAEL and EFUG have tried to drag the index in negative zone by 12.92, 12.11, 10.30, 10.08 and 6.98 points respectively.

Construction & Material Sector have performed a vital role in today's positive move by adding overall 72.63 points in index, it was followed by Banks with addition of 68.84 points while Oil & Gas marketing and refineries have added 25.14 points collectively. But House Hold products and Fertilizer sectors have tried to drag index by 12.11 & 11.73 points respectively.

Cements, Transport and Engineering sectors remained volume leader sectors at PSX floor with trading volume of 22.75, 15.18 and 14.41 million shares respectively in their respective scripts.