Friday 28 October 2016

SUNRISE CAPITAL (PVT) LTD | 28 OCTOBER 2016 | LANDING

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.


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