Market Evening Wrap 30th Dec. 2019

The Benchmark KSE100 index opened at 41,012.83pts with a positive gap of 164.30pts during current trading session and moved towards 41,193.93pts in next fifteen minutes to post a net change of 345.40pts, at that region index lost momentum and dropped down towards its opening price but later on bulls again took control and they pushed index towards its day high at 41,295.28pts they tried thrice to amend the double on daily chart but could not succeed and bears pushed index downward towards its day low at 40,815.73pts with net change of -32.73pts. Later on the session closed with a slight recovery at 40,887.62opts with net change of 39.09pts.

Trading volume at PSX floor settled on lower side at 165.33 million shares with a net negative change of -102.25 million shares or 38.21%, trading volume of KSE100 listed companies also followed the trend and dropped by 37.07 million shares or 25.1% to settle at 110.06 million shares. KEL, UNITY and WTL remained top three volume leaders with net trading volume of 19.11, 10.72 and 9.12 million shares where net price change of 7.39, 1.34 and 0.72 percent was recorded in these scripts respectively.

Today, 340 companies participated in trading at PSX floor and 197 out of these closed with net negative price change but 22 companies close in neutral zone but 21 companies close with a negative price change. NESTEL, COLG and PMPK lead the price gainers with net price change of 116.50, 50.00 and 49.53 Rs/share. While on the other side RMPL, SFL and ARPL remained top three price laggards with net price change of -39.00, -33.00 and -27.27 Rs/share.

Power Generation, Banks and Cement Sectors remained volume leading sectors today with net trading volume of 24.72, 18.63 and 17.32 million shares. Fertilizer, Power Generation and Cement sectors were top three index moving sectors and these have tried to add 65.50, 48.81 and 47.32 points in index with accumulated average price change of 1.00, 3.30 and 1.20 percent in their respective companies. While on the other side Banks and Exploration sectors have dragged index in negative zone by -163.19 and -40.53 points with accumulated average price change of -0.80 and -0.59 percent in their respective companies.