Market Evening Wrap 2nd Dec. 2020

The Benchmark KSE100 index opened at 41,594.46pts with a positive gap of 194.46pts during current trading session and moved towards its day high at 42,546.73pts with slight intraday corrective waves where net change of 1,143.73pts was recorded but before day end index once again corrected itself and take slight dip towards 42,398.27pts but in last ten minutes it recovered again and session suspended at 42,533.30pts with net change of 1,133.30pts. Later on during the averaging mechanism the day was closed at 42,480.76pts with net change of 1,080.76pts(2.61%).

Trading volume at PSX floor inched up 24.4% on DoD basis with a net change of 80.69 million shares and settled at 411.43 million shares. While volume figures of KSE100 listed companies also inched up by 44.32 million shares or 18.62% on DoD basis to settle at 282.34 million shares. KEL, BOP and FFL lead the volume figures with trading volume of 46.83, 27.76 and 21.44 million shares with net price change of 0.81, 2.81 and 1.88 percent respectively.

Today, 357 companies participated in trading at PSX and 276 out of these followed the positive trend while 10 companies closed in neutral zone but 71 companies closed with net negative price change. NESTLE, COLG and PMPK lead the price gainers with net price change of 200.0, 119.95 and 45.0 Rs/share. While on the other side FASM, EFUL and SRVI remained top laggards with net price change of -14.00, -9.64 and -7.98 Rs/share respectively.

Power, Banks and Cement sectors lead the volume numbers today with net trading volume of 58.81, 58.10 and 36.30 million shares. While Banks, Exploration and Power sectors remained top index moving sectors and these have added 372.40, 146.33 and 110.21 points in index with accumulated average price change of 2.65, 1.90 and 2.11 percent in share prices of their respective companies.