Market Evening Wrap 28th Oct. 2020

The Benchmark KSE100 index opened at 41,386.29pts with a gap of 4.46pts. Later on index posted a high of 41,687.33pts where a net change of 305.50pts was recorded.While a day low of 41,069.68pts with net chage of -312.15pts was witnessed during the day. While session suspended at 41,186.86pts with net chage of -194.97pts.

Trading volume at PSX floor settled at 368.42 million shares with net change of -112.60 million shares or -23.41% on DoD basis. While trading volume of KSE100 listed companies also setteld at 258.48 million shares with net change of -46.98 million shares or -15.38%. MLCF, PRL and UNITY remained top three volume leaders with net trading volume of 45.78, 27.94 and 24.36 and net price change of 3.53, 7.48 and -1.75 percent respectively.

Today,354 companies participated in trading at PSX floor, 139 out of these closed with net positive price change, while 19 companies closed with no change but 196 companies closed with net negative price change at day end. SAPT, NESTLE and BHAT lead the price gainers with net price change of 56.32, 50.00 and 24.99 Pkr/share respectively. While on the other side GATI, HINO and SEPL remained top three price losers with net price change of -52.00, -17.43 and -15.44 Pkr/share respectively.

Today CEMENT, REFINERY and TECHNOLOGY & COMMUNICATION sectors remained top three volume leading sectors with net trading volume of 107.27, 39.16 and 26.00 million shares respectively. POWER GENERATION & DISTRIBUTION, GLASS & CERAMICS and AUTOMOBILE PARTS & ACCESSORIES sectors have supported index by adding 100.10, 12.44 and 8.87 points, while on the other side COMMERCIAL BANKS, CEMENT and PHARMACEUTICALS sectors have dragged index towards negative zone by -92.17, -53.89 and -37.60 points respectively.