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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