Market Evening Wrap 31st Dec. 2020

The Benchmark KSE100 index opened at 42,012.71pts with a positive gap of 109.20pts during current trading session and posted its day high at 42,137.40pts in next half hour where a net change of 233.90pts recorded. From this regions bull started taking over and they pushed index downward from a strong horizontal resistant region towards day low at 41,558.74pts with net change of -344.76pts. Overall after a volatile session index closed at 41,630.94pts with a net change of -272.56pts.

Trading volume at PSX floor inched up by 31.63 million shares or 19.49% on DoD basis with a total number of 193.87 million shares. Trading volume of KSE100 listed companies also followed the trend in trading volume figures and a net increment of 29.47% or 31.95 million shares was recorded today where volume numbers settled at 140.34 million shares. UNITY, HASCOL and TRG lead volume leaders with net trading volume of 24.03, 23.57 and 12.43 million shares and price change of 1.01, 4.51 and 0.45 percent respectively.

Today, 342 companies participated in trading at PSX floor and 116 out of these closed in positive zone while 15 companies closed in neutral zone but 211 companies closed with net negative change. UPFL, PAKT and PMPK lead the price gainers with net price change of 188.00, 101.00 and 60.45 Rs/share. While on the other side SFL, MARI and IDYM remained top three price loser with net price change of -35.00, -30.89 and -19.90 Rs/share respectively.

Technology, OMCs and Vanaspati sectors remained volume leading sectors today with net trading volume of 33.41, 27.64 and 24.03 million shares respectively. Banks, Exploration and Cement Sectors ragged index into negative zone by -117.21, -100.34 and -47.97 points with accumulated average price change of -0.77, -1.71 and -1.16 percent respectively.