SUNRISE CAPITAL (PVT) LTD | 25 OCTOBER 2016 | LANDING

Market recovered almost 600 points at the end of the day, as investor took it an opportunity to accumulate at lower levels today. However, today market opened on a negative note as instability & vague political and Law & Order situation in the country allowed the bear to hit the market to as low as 40176.81 points. Moreover the benchmark-100 index plunged by 0.21% or 87.27 points and to closed, at 40764.76 levels. Swift activity witnessed in the market as turnover settled at 367 million shares as compared to 277 million shares in the last trading session. Shares of 385 companies were traded, at the end of the day 111 stocks closed higher, 259 declined, while 15 remained unchanged. The value of shares traded during the day was at recorded the level of PKR 7.92 billion increased by 33%.

Volatility prevailed in capital market; major activity witnessed in Commercial Banks, Power Generation & Distribution and Technology sector. In Banking sector, BOP, HBL remain the shining star throughout the session and appreciated their value by 2.26%, 1.04%, while NIB depreciated by 3.85%. In Power Generation Sector, KEL improve their value by 0.77%, while SEL , JPGL depreciated their value by 2.81%, 0.50%.Moreover in Technology sector TRG, WTL  depreciated their value by 1.42%, 5.84%, while SYS improve their value by 2.85%.

Active list was topped by BOP with 50 million shares as it closed at PKR 17.64 with a positive change of PKR 0.50. KEL was the second highest on the volume chart with 27 million shares closed at PKR 9.19 with a positive change of PKR 0.03. It was followed by DSLR with 22 million shares closed at PKR 3.53 with a positive change of PKR 0.02, PACE with 15 million shares closed at PKR 11.47 with a positive change of PKR 0.69.

Today major trading activities were recorded in Commercial Banks Sector as it was traded above 72 million shares followed by Power Generation & Distribution sector which recorded the volume of 37 million shares whereas Technology & Communication sparked at 3rd place by trading above 34 million shares.

Highest increase was recorded in the shares of  Sanofi-Aventis, which rose by PKR 68.35 to PKR 1435.45 per share; followed by Sapphire Tex, that improved by PKR 58.58 to PKR 1230.24 per share. Major decline was witnessed in the shares of Bata (Pak), which fell by PKR 120.53 to PKR 4179.47 per share; followed by Pak Tobacco, dropped by PKR 49.37 to PKR 1125.63 per share.

Engro Fertilizers Limited announced its 9MCY16 result for the period ended Sep 30 2016.PAT clocked in @ PKR 5.74 billion translating into EPS of PKR (basic) 4.32.Along with Cash Dividend of PKR 2.50/-

Mari Petroleum Company Limited announced its 1QFY17 result for the period ended Sep 30 2016.PAT clocked in @ PKR 2.76 billion translating into EPS of PKR 25.09.

PAK Suzuki Motor Company Limited announced its 9MCY16 result for the period ended Sep 30 2016.PAT clocked in @ PKR 1.87 billion translating into EPS of PKR 22.77.

MAPLE LEAF Cement Factory Limited announced its 1QFY17 result for the period ended Sep 30 2016.PAT clocked in @ PKR 1.18 billion translating into EPS of PKR 2.25.

Factors for Today:

US crude slides 2pc to below $50

Terrorists raid police training centre in Quetta

Regulatory framework for insurance sector discussed

PSO to introduce better-quality diesel in January

Govt likely to allow export of 0.8m tons of urea

Factors to watch:

International Oil prices.

PKR vs US$ movement.

Results Seasons.