SUNRISE CAPITAL (PVT) LTD | 20 OCTOBER 2016 | LANDING

Pakistan Stock Exchange 100- Share Index started a day on optimistic note up 490 points. After a positive start that saw the KSE-100 index benchmark took the bears out and the political noises get unsound for some period. Despite the notice issued by Court to PM about adjourned for two weeks about Panama issued the bull took the benchmark 100- index to high at 41,600 points; at the end the benchmark 100- index surge by 621.81 points or 1.25% to close at 41,545.95 levels. Swift activity witnessed in the market as turnover settled at 561 million shares as compared to 506 million shares in the last trading session. Shares of 411 companies were traded, at the end of the day 283 stocks closed higher, 114 declined, while 14 remained unchanged. The value of shares traded during the day was at recorded the level of PKR 13.3.25 billion increased by 58%.

Bull remains active in capital market; major activity witnessed in Commercial Banks, Power Generation and Engineering sector. In Banking sector, BOP, HBL, MCB remain the Shining star throughout the session and appreciated their value by 4.87%, 2.09%, 1.71%. In Power Generation Sector, JPGL, KEL, HUBC improved their value by 1.18%, 1.55%, 1.35%. Moreover in Engineering sector DSLR, PECO depreciated their value by 0.77%, 5.00%, while INIL appreciated their value by 4.45%.

Active list was topped by BOP with 68 million shares as it closed at PKR 18.30 with a positive change of PKR 0.69. DSLR was the second highest on the volume chart with 49 million shares closed at PKR 3.88 with a negative change of PKR 0.06. It was followed by JPGL with 42 million shares closed at PKR 6.96 with a positive change of PKR 0.69, PACE with 31 million shares closed at PKR 11.77 with a positive change of PKR 0.74.

Today major trading activities were recorded in Commercial Banks Sector as it was traded above 102 million shares followed by Power Generation & Distribution sector which recorded the volume of 74 million shares whereas Engineering sparked at 3rd place by trading above 74 million shares.

Highest increase was recorded in the shares of  Nestle Pakistan, which rose by PKR 200.00 to PKR 8000.00 per share; followed by Rafhan Maize, that improved by PKR 150.00 to PKR 7850.00 per share. Major decline was witnessed in the shares of Bhanero Tex, which fell by PKR 43.25 to PKR 821.75 per share; followed by Ferozsons (Lab), dropped by PKR 39.64 to PKR 850.41 per share.

Kot Addu Power Company Limited announced its 1QFY17 result for the period ended Sep 30 2016.PAT clocked in @ PKR 2.31 billion translating into EPS of PKR 2.63.

Habib Bank Limited announced its 9MCY16 result for the period ended Sep 30 2016. PAT clocked in @ PKR 25.75 billion translating into EPS of PKR 17.47.Along with Cash Dividend of PKR 3.5

Bank AL-Habib Limited announced its 9MFY16 result for the period ended Sep 30 2016.PAT clocked in @ PKR 5.42 billion translating into EPS of PKR 4.88.

Factors for Today:

Textile sector: Government proposes Rs200b ‘bailout’ package:

Packaging material makers losing business to informal rivals:

USAID to make $60m available for clean energy:

External debt soared by $13b in govt’s tenure:

All bids for PIBs rejected:

Factors to watch:

International Oil prices.

PKR vs US$ movement.

Results Seasons.