Increasing
political uncertainty, as date of PTI protests in Islamabad approaches, remains
the main reason of nervousness among investors. The situation is exacerbated
with arrest of PTI workers; which resulted in a country wise protest. Stocks
endured another tough day as the benchmark-100 index fell to the 39,538 level
in start; absence of triggers is also keeping investors away from picking up
asset at lower levels. The Pakistan Stock Exchange’s benchmark KSE 100-share
Index finished with a decline of 0.29% or 114.43 points to end at 39,872.88
level. Dull activity witnessed in the market as turnover settled at 328 million
shares as compared to 384 million shares in the last trading session. Shares of
387 companies were traded, at the end of the day 128 stocks closed higher, 236
declined, while 23 remained unchanged. The value of shares traded during the
day was at recorded the level of PKR 7.71 billion decreased by 17%.
Volatility
prevailed in capital market; major activity witnessed in, Commercial Banks,
Technology & Communication and Cement sector. In Banking sector, BOP, NIB,
SILK remain in the red zone throughout the session and depreciated their value by
3.61%, 0.99%, 1.20%. In Technology Sector, TRG, TELE depreciated by 3.35%, 2.45%,
while NETSOL appreciated their value by 2.39%.Moreover in Cement sector
DCL, LUCK, appreciated their value by 4.89%, 0.86%, while BWCL drop their value
and depreciated by 2.84%.
Active
list was topped by BOP with 47 million shares as it closed at PKR 15.74 with a
negative change of PKR 0.62.TRG was the second highest on the volume chart with
17 million shares closed at PKR 39.53 with a negative change of PKR 1.80. It
was followed by KEL with 14 million shares closed at PKR 9.10 with a positive
change of PKR 0.16, DCL with 14 million shares closed at PKR 30.86 with a
positive change of PKR 1.47.
Today
major trading activities were recorded in Commercial Banks Sector as it was traded
above 69 million shares followed by Technology & Communication sector which
recorded the volume of 32 million shares whereas Cement sparked at 3rd place by
trading above 27 million shares.
Highest
increase was recorded in the shares of Wyeth Pak Ltd, which rose by PKR
147.45 to PKR 3123.72 per share; followed by Sanofi-Aventis, that improved by
PKR 79.12 to PKR 1661.70 per share. Major decline was witnessed in the shares
of Colgate Palmolive, which fell by PKR 85.00 to PKR 1640.00 per share; followed
by Service Ind. Ltd, dropped by PKR 63.68 to PKR 1218.32 per share.
Meezan
Bank Limited announced its 9MCY16 result for the period ended Sep 30 2016.PAT
clocked in @ PKR 4.55 billion translating into EPS of PKR 4.30
The
Bank Of Punjab announced its 9MCY16 result for the period ended Sep 30 2016.PAT
clocked in @ PKR 3.93 billion translating into EPS of PKR 2.53.
Nishat
Mills Limited announced its 1QFY17 result for the period ended Sep 30 2016.PAT
clocked in @ PKR 1.96 billion translating into EPS of PKR 4.57
Fauji
Cement Company Limited announced its 1QFY17 result for the period ended Sep 30
2016.PAT clocked in @ PKR 5.36 billion translating into EPS of PKR (basic)
3.98.Along with Cash Dividend of PKR 1.00.
Murree
Brewery Company Limited announced its 1QFY17 result for the period ended Sep 30
2016.PAT clocked in @ PKR 284 million translating into EPS of PKR 12.32.
Cherat
Cement Company Limited announced its 1QFY17 result for the period ended Sep 30
2016.PAT clocked in @ PKR 404 million translating into EPS of PKR (basic) 2.29.
Factors
for Today:
FPCCI hints
at reviewing trade ties with India:
Power
regulator directs Discos to refund Rs20bn to consumers:
ADB offers
$100m for Balochistan water projects:
Govt rejects
Protection of Economic Reforms Bill 2016:
Police arrest
scores of PTI workers at youth convention, Imran calls for countrywide
protests:
Factors
to watch:
International
Oil prices.
PKR
vs US$ movement.
Results
Seasons.
No comments:
Post a Comment