Market Evening Wrap 31st Dec. 2019

The Benchmark KSE100 index opened at 40,940.65pts with a positive gap of 53.03pts during current trading session and moved towards day high at 40,997.50pts with net change of 109.87pts in next ten minutes but at that region bulls lost their control on market and it sliding downward and later on posted its day low at 40,689.61pts with net change of -198.61pts. While session suspended at 410,689.02pts with net change of -198.02pts but in average mechanism day closed at 40,735.08pts with net change of -152.55pts.

Trading volume at PSX floor inched up a little bit to settle at 176.80 million shares with net change of 10.97 million shares or 6.61% on DoD basis, while trading volume of KSE100 listed companies also followed the trend and posted an increment of 6.38 million shares or 5.76% to settle at 117.05 million shares. UNITY, KEL and FFL lead the volume leaders with net trading volume of 21.47, 13.80 and 10.18 million shares respectively with net price change of 1.32, 0.69 and 1.97 percent.

Today, 309 companies participated in trading at PSX floor and 154 out of these closed in positive zone while 11 closed in neutral zone but 144 companies closed with a net negative price change. NESTLE, IDYM and BATA lead the price gainers with net price change of 100.0, 22.0 and 19.0 Rs/share. While on the other side RMPL, SAPL and MFFL lead the laggards with net price change of -59.90, -29.40 and -16.60 Rs/share.

Power, Vanaspati and Banking sectors remained volume leaders at PSX floor with net trading volume of 22.51, 21.48 and 19.35 million shares. Investment Companies, Banks and Exploration sectors have dragged index in negative zone with -38.95, -36.71 and -32.33 points with accumulated price change of -1.72, -0.90 and -0.42 percent while on the other side Power and Technology sectors have tried to push index in positive zone by 29.45 and 10.71 points but they could not succeed.