The
trading week close on a dull note; as investor booked profits ahead of weekend.
Bears ruled the session from the start as profit taking seen in the Cement and
Oil & Gas stocks, while buying was seen in Modarabas. The KSE-100 share
index plunged by 0.61% or 254.52 points to end at 41291.43 levels. Slow
activity witnessed in the market as turnover settled at 529 million shares as
compared to 561 million shares in the last trading session. Shares of 398
companies were traded, at the end of the day 162 stocks closed higher, 225
declined, while 11 remained unchanged. The value of shares traded during the
day was at recorded the level of PKR 11.33 billion decreased by 14%.
Profit-taking
witnessed in capital market; major activity witnessed in Technology &
Communication, Commercial Banks and Engineering sector. In Technology sector,
TRG remain in the red zone throughout the session and depreciated their
value by 0.07%, while PAKD, HUMNL improve their value by 2.38%, 3.14%. In
Commercial Banks Sector, BOP, MCB depreciated their value by 0.77%, 0.93%, while
SMBL improve their value by 3.31%. Moreover in Engineering sector DSLR, PECO
depreciated their value by 3.61%, 5.00%, while ASL appreciated their value by
0.65%.
Active
list was topped by TRG with 58 million shares as it closed at PKR 45.48 with a
negative change of PKR 0.16. BOP was the second highest on the volume chart
with 54 million shares closed at PKR 18.16 with a negative change of PKR 0.21.
It was followed by DSLR with 37 million shares closed at PKR 3.74 with a
negative change of PKR 0.15, PACE with 23 million shares closed at PKR 11.46 with
a negative change of PKR 0.41.
Today
major trading activities were recorded in Technology & Communication Sector
as it was traded above 99 million shares followed by Commercial Banks sector
which recorded the volume of 76 million shares whereas Engineering sparked at
3rd place by trading above 56 million shares.
Highest
increase was recorded in the shares of Nestle Pakistan, which rose by PKR
300.00 to PKR 8300.00 per share; followed by Sanofi-Aventis, that improved by
PKR 62.00 to PKR 1302.00 per share. Major decline was witnessed in the shares
of Rafhan Maize, which fell by PKR 150.00 to PKR 7700.00 per share; followed by
Philip Morris Pak, dropped by PKR 65.07 to PKR 1844.60 per share.
Allied
Bank Limited announced its 9MCY16 result for the period ended Sep 30 2016. PAT
clocked in @ PKR 12.37 billion translating into EPS of PKR 10.81.Along with
Cash Dividend of PKR 2.00/-
Factors
for Today:
Strong dollar pulls down oil
despite tightening fundamentals:
PSO denies any imminent fuel
shortage in the country:
July-September: Current account
deficit widens 136%
Chinese interested in water
sector
Pakistan receives $1 billion of
Sukuk proceeds:
Factors
to watch:
International
Oil prices.
PKR
vs US$ movement.
Results
Seasons.
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