Market Evening Wrap 9th Mar. 2020

The Benchmark KSE100 index opened at 38,854.90pts with a negative gap of -1,364.77pts during current trading session and trading was halted after next seven minutes where index dropped by 2,106pts or 5.51%. While after restoration index posted its day low at 35,917.34pts where a net change of -2,302.33pts was recorded. Later on index started a recovery and during last trading hour posted its day high at 37,071.39pts where a net change of -1,148.28pts was recorded. While session suspended at 37,058.95pts with net change of -1,160.72pts.

Trading volume at PSX floor settled 307.96pts million shares with net change of 63.51 million shares or 20.62% on DoD basis. While trading volume of KSE100 listed companies also inched up to settle at 251.66 million shares with net change of 53.09 million shares or 21.1% on DoD basis. FCCL, BOP and MLCF remained volume leaders with net trading volume of 30.66, 22.97 and 22.52 million shares and net price change of 6.92, -6.86 and 7.00 percent respectively.

Today, 339 companies participated in trading at PSX floor and 120 out of these closed with net positive price change while 17 closed with no price change but 202 companies closed with net negative price change. PMPK, LUCK and JLICL remained top three price gainers with net price change of 48.99, 36.72 and 22.33 Pkr/share. While on the other side NESTLE, COLG and MARI lead the price losers with net price change of -496.50, -167.99 and -87.57 Pkr/share respectively.

Cement, Banks and Power sectors remained top three volume leading sectors at PSX with net trading volume of 89.79, 42.64 and 27.84 million shares respectively. Cement and Engineering sectors have tried to support index by adding 181.37 and 18.48 points. While on the other side Banks, Exploration and Fertilizer sectors have dragged index into negative zone by -582.59, -351.21 and -171.19 points with accumulated average price change of -4.68, -7.00 and -3.02 percent respectively.