Market Wrap: Index remained range bound to conclude at 43,207

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Overall the KSE – 100 Index remained range bounded throughout the day. The Index concluded at 43,207 level with the volume of 249.5 Million shares.

  • High: 43,468
  • Low: 43,095
  • Change: -11.63 Points
  • Vol: 249.5 Mn
  • Val: 7.80 Bn (PKR)

The market opened on a positive note and remained mixed throughout the day making an intraday high of 43,468 and low of 43,095 level. The Index is expected to face resistance above 43,400 level.

Sectors Review:

The negative trend was witnessed in the OMC, Chemical, Cement and E&P which dragged the Index by 135 points down. While the Fertilizer, Auto and Power sectors were the positive contributors.

The Pakistan Stock Exchange (PSX) has placed Johnson & Phillips (Pakistan) on the Defaulters’ Segment.

Banking sector witnessed most of the trading with the highest volume of 44.6 Million shares. While the scripts i.e. BOP, TRG and TPL topped the volume charts.

Events Ahead:

  • Half Year Result of GATI on 15th Jan, 2020.
  • 3rd Quarter Result of HINO on 17th Jan, 2020.