Market Evening Wrap 4th Feb. 2020

The Benchmark KSE100 index opened at 40,491.8pts with a positive gap of 82.42pts during current trading session and moved towards 40,737.39pts where a net change of 328.01pts was recorded in next half an hour but from that region bulls los their control on index and index dropped towards its day low at 40,349pts with a net change of -60.38pts. Later on bulls once again took the driving seat and they pushed index towards day high of 40,953.29pts with net change of 543.91pts. While session suspended at 40,884.25pts with a net change of 474.87pts.

Trading volume at PSX floor dropped by 57.05 million share or28.08% to settle at 146.09 million shares. While trading volume of KSE100 listed companies followed the trend and dropped towards 106.37 million shares with net change of -43.75 million shares or 29.14% on DoD basis. BOP, HASCOL and UNITY remained top three volume leaders with net trading volume of 16.35, 15.70 and 8.32 million shares and net price change of 2.18, 1.5 and 0.58 percent respectively.

Today 343 companies participated in trading at PSX floor and 229 out of these closed in green zone while 12 remained unchanged but 102 companies closed in red zone at day end. SAPT, SFL and IDYM lead the price gainers with net price change of 54.71, 42.35 and 32.12 Rs/share. While on the other side PAKT, SHEZ and HINO lead the price losers with net price change of -100.00, -21.00 and -16.52 Rs/share respectively.

Banks, Cement and OMCs remained volume leading sectors with net trading volume of 27.08, 21.73 and 19.95 million shares respectively. Banks, Power and Fertilizer sectors pushed index into positive zone by adding 222.09, 99.91 and 60.94 points with accumulated average price change of 1.79, 2.38 and 1.40 percent respectively. While on the other side Tobacco sector have tried to push index into negative zone but it could not succeed in creating a noticeable impact.