SUNRISE CAPITAL (PVT) LTD | 02 November 2016 | LANDING

The stock market starting a day on a Cheery note as the political uncertainty b/w opposition & Political parties got muted, as PTI chairman  Imran Khan’s retreat after the Supreme Court’s decision to form a commission on Panamagate led investors back into the game. Moreover the PBS state that annual inflation edged up to 4.21 per cent in October from 3.88pc in the preceding month. The Pakistan Stock Exchange’s benchmark KSE 100-share Index recorded a rise of 1.07% or 442.88 points to end the day at 41,742.75.Swift activity witnessed in the market as turnover settled at 695 million shares as compared to 506 million shares in the last trading session. Shares of 407 companies were traded, at the end of the day 249 stocks closed higher, 144 declined, while 14 remained unchanged. The value of shares traded during the day was at recorded the level of PKR 15.63 billion increased by 22%.

Bulls remain active in capital market; major activity witnessed in, Commercial Banks, Inv. Banks/Inv. Cos /Sec Cos. and Technology sector. In Commercial Banks sector, SMBL, BOP, HBL remain shining star throughout the session and appreciated their value by 0.56%, 6.02%, 3.54%. In Inv. Banks/Inv Cos. Sector, FDIBL, FCIBL, AHL  appreciated their value  by 11.97%, 11.28%, 2.47%.Moreover in  Power Generation sector KEL drop their value by 1.04% and  TSPL appreciated their value by 10.86%,  while JPGL remain unchanged.

Active list was topped by KEL with 47 million shares as it closed at PKR 9.50 with a negative change of PKR 0.10.DSLR was the second highest on the volume chart with 30 million shares closed at PKR 3.71 with a positive change of PKR 0.08. It was followed by SMBL with 30 million shares closed at PKR 3.60 with a positive change of PKR 0.02, BOP with 28 million shares closed at PKR 17.61 with a positive change of PKR 1.00.

Today major trading activities were recorded in Commercial Banks Sector as it was traded above 135 million shares followed by Inv. Banks/Inv. Cos/Sec Cos. sector which recorded the volume of 64 million shares whereas Power Generation & Distribution sparked at 3rd place by trading above 64 million shares.

Highest increase was recorded in the shares of Unilever Foods, which rose by PKR 268.50 to PKR 5674.00 per share; followed by Rafhan Maize, that improved by PKR 237.50 to PKR 7650.00 per share. Major decline was witnessed in the shares of Sanofi-Aventis, which fell by PKR 60.87 to PKR 1685.57 per share; followed by Philip Morris Pak, dropped by PKR 51.62 to PKR 2040.83 per share.

Factors for Today:

·        State Bank opens yuan, yen accounts to diversify forex reserves management

·        Sindh irked as federal govt yet to sort out Rs6bn deduction

·        Soaring prices: Core inflation touches 19-month high at 5.2%

·        Defence ministry stops PSO from building new oil storages

·        Pakistan Railways: 62 out of 104 trains continue to incur losses

Factors to watch:

·        International Oil prices.

·        PKR vs US$ movement.

·        Results Seasons.