Market Evening Wrap 6th Dec. 2020

The Benchmark KSE100 index opened at 41,769.77pts with a negative gap of -553.53pts during current trading session. In next fifteen minutes it had tried to recover and spiked towards 41,807.91pts where net change remained -515.39pts but from that region it got a push again in negative direction therefore that region remained today's high. Later on index moved towards its day low at 41,207.16pts with net change of -1,116.14pts in a zig zag formation. While session closed at 41,296.24pts with net change of -1,027.06pts.

Trading volume at PSX dropped by 56.36 million shares or 17.45% on DoD basis to settle at 266.52 million shares. While trading volume of KSE100 listed companies also dropped by 28.04 million shares or 12.3 percent and settled at 199.93 million shares. KEL, UNITY and BOP remained top volume leaders with net trading volume of 46.03, 17.57 and 16.87 million shares with net price change of -1.95, -6.03 and -2.95 percent respectively.

Today, 335 companies participated in trading at PSX floor, 35 out of these closed with a positive change while 8 companies closed with no price change but 292 companies closed in negative zone at day end. BHAT, JLICL and PMRS lead the price gainers with net price change of 39.95, 9.99 and 7.82 Rs/share. While on the other side RMPOL, UPFL and PMPK remained top laggards with net price change of -165.00, -150.00 and -127.19 Rs/share respectively.

Power, Banks and Cement sectors lead the volume leaders with net trading volume of 52.56, 29.11 and 22.85 million shares. Banks, Fertilizer and Cement sectors have pushed index in negative zone by -166.30. -143.30 and -109.65 points with accumulated average price change of -1.63, -2.70 and -4.52 percent in their respective companies.