Pakistan
Stock Exchange benchmark KSE- 100 index went sliding down by 539 points below
40,000 level, at 39,987 level; Struck by continued political standoff between
the government& the opposition as the court decision is against ‘Dharna’.
PSX take a hard knock as investors booked profits in the overbought market,
pulling the benchmark index 1.33% down. Political uncertainty, foreign outflows
and roll over week played a catalyst role in the bearish close. Moreover
rising coal prices and falling global crude prices invited pressure in cement
and oil sectors. Swift activity witnessed in the market as turnover settled at
384 million shares as compared to 347 million shares in the last trading
session. Shares of 418 companies were traded, at the end of the day 74 stocks
closed higher, 331 declined, while 13 remained unchanged. The value of shares
traded during the day was at recorded the level of PKR 9.32 billion decreased
by 9%.
Bearish
activity witnessed in capital market; major activity witnessed in, Commercial
Banks, Technology & Communication and Power Generation sector. In Banking
sector, BOP, HBL remain in the red zone throughout the session and depreciated
their value by 5.39%,1.71%, while NIB improve their value by 3.57%. In Technology
Sector, TRG, PAKD, WTL depreciated by 4.99%, 4.78%, 12.11%.Moreover in Power
Generation sector KEL, KAPCO, JPGL drop their value and depreciated by 2.28%,
1.77%, 8.73%.
Active
list was topped by BOP with 41 million shares as it closed at PKR 16.33 with a
negative change of PKR 1.00.NIB was the second highest on the volume chart with
23 million shares closed at PKR 2.03 with a positive change of PKR 0.04. It was
followed by TRG with 22 million shares closed at PKR 40.90 with a negative
change of PKR 2.15, KEL with 18 million shares closed at PKR 8.99 with a
negative change of PKR 0.20.
Today
major trading activities were recorded in Commercial Banks Sector as it was traded
above 82 million shares followed by Technology & Communication sector which
recorded the volume of 52 million shares whereas Power Generation &
Distribution sparked at 3rd place by trading above 33 million shares.
Highest
increase was recorded in the shares of Wyeth Pak Ltd, which rose by PKR
141.72 to PKR 2976.27 per share; followed by Sanofi-Aventis, that improved by
PKR 75.36 to PKR 1582.58 per share. Major decline was witnessed in the shares
of Unilever Foods, which fell by PKR 284.50 to PKR 5405.50 per share; followed
by Bata Pak, dropped by PKR 199.80 to PKR 4100.20 per share.
PACE
(Pakistan) Limited announced its 1QFY17 result for the period ended Sep 30
2016.PAT clocked in @ PKR 131 million translating into EPS of PKR (basic) 0.47.
INDUS
Motor Company Limited announced its 1QFY17 result for the period ended Sep 30
2016.PAT clocked in @ PKR 3.04 billion translating into EPS of PKR 38.77.Along
with Cash Dividend of PKR 25.
Engro
Corporation Limited announced its 9MCY16 result for the period ended Sep 30
2016.PAT clocked in @ PKR 11.32 billion translating into EPS of PKR(basic)
16.39.Along with Cash Dividend of PKR 8.00.
D.G.
Khan Cement Limited announced its 1QFY17 result for the period ended Sep 30
2016.PAT clocked in @ PKR 1.72 billion translating into EPS of PKR 3.94.
National
Bank of Pakistan announced its 9MCY16
result for the period ended Sep 30 2016.PAT clocked in @ PKR 13.64 billion
translatin`g into EPS of PKR 6.40.
Kohat
Cement Company Limited announced its 1QFY17 result for the period ended Sep 30
2016.PAT clocked in @ PKR 991 million translating into EPS of PKR 6.42.Along
with Cash Dividend of PKR 4.00.
O.G.D.C
Limited announced its 1QFY17 result for the period ended Sep 30 2016.PAT
clocked in @ PKR 14.6 billion translating into EPS of PKR 3.40.Along with Cash
Dividend of PKR 1.50.
Lucky
Cement Limited announced its 1QFY17 result for the period ended Sep 30 2016.PAT
clocked in @ PKR 4.04 billion translating into EPS of PKR 11.69.
Factors
for Today:
Large-scale manufacturing growth clocks up at
1.97pc:
Pakistan moves up in ease of doing business
rankings:
Coal-based projects: Work on 7,000MW power plants
likely to be abandoned:
Directives:
SNGPL, SSGC to print meter-reading on utility bills:
KAPCO
privatisation runs into trouble:
Factors
to watch:
International
Oil prices.
PKR
vs US$ movement.
Results
Seasons.
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