Market Evening Wrap 2nd Dec. 2019

The Benchmark KSE100 index opened at 39,500.85pts with a positive gap of 213.20pts during current trading session. While index posted a day low at 39,311.79pts in next thirty minutes to cover the gap with net price change of 24.14pts. Later on bulls took control of the market and they lead index towards day high at 40,144.12pts with net change of 856.47pts and session suspended at 40124.22pts with net change of 836.57pts.

Trading volume at PSX floor reached above 500 million figure after a very long time and net trading volume of 557.39 million shares was recorded at PSX floor with a net change of 125.54 million shares or 29.07% on DoD basis. BOP, KEL and UNITY lead the volume figures with net trading volume of 74.93, 40.85 and 37.70 million shares and price change of 6.71, 9.29 and 0.99 percent respectively. Trading volume of KSE100 listed companies reached 361.66 million shares with net change of 99.91 million shares or 38.17% on DoD basis.

Today 385 companies participated in trading at PSX floor, 288 companies closed with a positive note while 17 closed with no change and 80 companies closed in negative zone at PSX floor. BATA, NESTLE and SAPT were to three price leaders with net price change of 92.90, 92.05 and 42.25 Rs/share. While on the other side COLG, HINOON and MEHT remained top three laggards with net price change of -53.00, -27.75 and -17.50 Rs/share respectively.

HBL, MCB and UBL remained top three index movers and these have pushed index in positive zone by 120.60, 93.40 and 89.90 points with net price change of 7.32, 10.02 and 8.17 Rs/share respectively. While on the other side OGDC, PPL and POL have tried to drag index in negative zone by -57.05, -2437 and -20.07 points with net price change of -3.84, -1.56 and -6.61 Rs/share respectively.

Banks, Cement and Power Generation sectors were top three volume leading sectors with net trading volume of 110.95, 59.02 and 47.03 million shares respectively. Banks, Power Generation and Cement sectors were top three index moving sectors and these have added 523.63, 69.54 and 60.78 points in index with accumulated average price change of 4.82, 2.47 and 2.17 percent in their respective companies. While on the other hand Oil & Gas Exploration companies have tried to drag index in negative zone by -85.12 points with average price change of -0.88 percent in sector companies.