Market Evening Wrap 5th Dec. 2019

The Benchmark KSE100 index opened at 40,496.85pts with a positive gap of 226.33pts during current trading session and in next half an hour it moved towards its day high at 40,809.31pts with net change of 538.79pts. Later on a fight started between bulls and bears and session converted into a volatile trading day. Index posted day low at 40,493.09pts with net positive change of 222.57pts or just four points below its opening price and then moved back to retest its day high. While in last fifteen minutes some serious pressure was witnessed and index lost 281.61pts to suspended at 40,506.74pts, but in average closing mechanism index settled at 40,641.10pts with net change of 370.58pts.

Trading volume at PSX floor inched up to settle at 507.46 million shares with net change of 114.31 million shares or 29.08% on DoD basis. While trading volume of KSE100 listed companies also followed the positive trend and settled at 326.96 million shares with net change of 86.86 million shares or 36.17% on DoD basis. UNITY, FCCL and MLCF participated as top volume leaders with net trading volume of 35.22, 34.06 and 20.52 million shares with net price change of 0.46, 4.31 and -1.93 percent respectivley.

Total 383 companies participated in trading at PSX today and 208 out these closed with positive price change mean while 21 companies closed with no price change but 154 companies closed in negative zone. NESTLE, COLG and SAPT lead the price gainers with net price change of 150.00, 94.50 and 48.90 Rs/share respectively. While on the other side ILTM, BATA and MARI lead price losers with net price change of -70.60, -49.49 and -17.38 Rs/share.

PPL, HBL and NBP remained top three index moving scripts and these have added 50.66, 36.71 and 22.93 points in index with net price change of 3.39, 2.24 and 2.02 Rs/share at day end. DAWH, GLAXO and MARI remained at top in index shakers and these have tried to drag index in negative zone by -14.01, -10.74 and -10.49 points with net price change of -1.99, -9.23 and -17.38 Rs/share.

Cement, Banks and Power Generation sectors lead the market by volume figures with net trading volume of 99.53, 51.44 and 36.61 million shares respectively. Banks, Oil & Gas Exploration and OMCs remained top three index moving sectors and these have added 88.22, 69.69 and 44.04 points in index with accumulated average price change of 1.20, 0.91 and 0.71 percent in their respective companies. While on the other side Investment Banks and Pharma sectors have tried to drag index in negative zone by -13.70 and -12.97 points with average price change of -0.57 and -0.86 percent in their respective companies.