Wednesday 19 October 2016

SUNRISE CAPITAL (PVT) LTD | 19 OCTOBER 2016 |LANDING

The deepening political crisis took its toll from the country’s stock market where the benchmark-100 Index that declined for the third successive day. Nervous investors started across the board sell-off, Index dipped down by intraday low of 40,668.82 points, Later on recovery mode continued after the result announcement of some major players. At close KSE-100 Index plunged by 30.08 points or 0.07% to end at 40924.14 levels. Swift activity witnessed in the market as turnover settled at 506 million shares as compared to 382 million shares in the last trading session. Shares of 411 companies were traded, at the end of the day 201 stocks closed higher, 194 declined, while 16 remained unchanged. The value of shares traded during the day was at recorded the level of PKR 8.38 billion decreased by 8%.

Selling witnessed across the board; Major activity witnessed in Engineering, Commercial Banks and Chemical sector. In Engineering sector DSLR, ASL remain in the red zone throughout the session and depreciated their value by 2.25%, 3.72%; while PECO appreciated their value by 0.93%. In Banking Sector, BOP, UBL improved their value by 5.76%, 1.84%; while MCB depreciated their value by 1.05%. Moreover in Chemical sector DYNO, ICI, BIFO appreciated their value by 0.99%, 2.12%, 1.73%.

Volume chart dominated by the second tier as active list was topped by DSLR with 135 million shares as it closed at PKR 3.91 with a negative change of PKR 0.04. BOP was the second highest on the volume chart with 65 million shares closed at PKR 17.45 with a positive change of PKR 1.00. It was followed by ASL with 25 million shares closed at PKR 13.46 with a negative change of PKR 0.52, KEL with 15 million shares closed at PKR 9.05 with a positive change of PKR 0.03.

Today major trading activities were recorded in Engineering Sector as it was traded above 176 million shares followed by Commercial Banks sector which recorded the volume of 89 million shares whereas Chemical sparked at 3rd place by trading above 35 million shares.

Highest increase was recorded in the shares of  Sapphire Tex, which rose by PKR 48.86 to PKR 1026.14 per share; followed by Ferozsons Lab, that improved by PKR 41.54 to PKR 890.05 per share. Major decline was witnessed in the shares of Rafhan Maize, which fell by PKR 100.00 to PKR 7700.00 per share; followed by Khyber Tobacco, dropped by PKR 42.46 to PKR 826.99 per share.

National Refinery Limited announced its 1QFY17 result for the period ended Sep 30 2016.PAT clocked in @ PKR 1.90 billion translating into EPS of PKR 23.83.
United Bank Limited announced its 9MCY16 result for the period ended Sep 30 2016. PAT clocked in @ PKR 21.75 billion translating into EPS of PKR 17.59.Along with Cash Dividend of PKR 3.00.
Attock Petroleum Limited announced its 1QFY17 result for the period ended Sep 30 2016.PAT clocked in @ PKR 1.56 billion translating into EPS of PKR 18.85.
Engro Foods Limited announced its 9MCY16 result for the period ended Sep 30 2016.PAT clocked in @ PKR 2.59 billion translating into EPS of PKR 3.38.
Attock Refinery Limited announced its 1QFY17 result for the period ended Sep 30 2016.PAT clocked in @ PKR 697 million translating into EPS of PKR 8.17.


Factors for Today:

Oil settles up; extends gains as API reports U.S. crude draw:
PTI's November 2 protest: Prime Minister unfazed by prospect of instability
Nepra accused of hurting investment climate:
Neelum-Jhelum surcharge: government to collect Rs 57 billion from power consumers
Exploration firms resist changes to petroleum policy

Factors to watch:

International Oil prices.
PKR vs US$ movement.
Results Seasons.



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