Market Evening Wrap 4th Mar. 2020

The Benchmark KSE100 index opened at 39,208.19pts with a positive gap of 8.51pts during current trading session and face some serious pressure at start of day which pushed index towards 38,908.55pts where a net change of -291.13pts was recorded. Later on index recovered into positive zone and posted its day high at 39,262.55pts with net change of 62.87pts. While bears dominated during the day and they pushed index into negative zone again before mid day and index posted its day low at 38,762.44pts with net change of -437.24pts. While session suspended with a slight recovery at 38,906.40pts with net change of -293.28pts.

Trading volume at PSX floor shank again by 38.29 million shares or 17% to settle at 186.99 million shares, while trading volume of KSE100 listed companies also settled at 175.62 million shares with net change of -27.5 million shares or 15.66% on DoD basis. MLCF, HASCOL and BOP remained top three volume leaders with net trading volume of 23.36, 19.23 and 15.94 million shares net price change of 0.80, -1.40 and 0.17 percent respectively.

Today, 340 companies participated in trading at PSX floor and 122 out of these closed with a net positive price change while 20 companies closed with no change but 198 companies close in negative zone. COLG, UPFL and SFL lead the price gainers with net price change of 129.99, 90.00 and 56.17 Pkr/share. While on the other side PMPK, BHAT and HINO remained top three price losers with net price change of -158.04, -69.99 and -24.00 Pkr/share respectively.

Cement, Banks and OMCs remained top three volume leading sectors at PSX with net trading volume of 71.32, 23.07 and 21.71 million shares. Banks, Cement and Food sectors have tried to push index into positive zone by adding 66.38, 38.02 and 3.05 points, but Exploration, Power and Fertilizer sectors have dragged index into negative zone by -99.37, -55.18 and -53.84 points with accumulated average price change of -1.66, -1.54 and -1.05 percent respectively.