Pakistan Equities starting a day on a positive note 42,039.42pts. The
fourth Successive day turned in to negative zone due to SC gives ultimatum to
PM’s Nawaz Children in panama gate hearing and US elections make the investor
in cautions. Later on Profit taking witnessed in the market and take the index
in to negative. The benchmark KSE 100-share Index plunged by 0.32% or 132.90
points to end the day at 41,841.56.Dull activity witnessed in the market as
turnover settled at 451 million shares as compared to 529 million shares in the
last trading session. Shares of 404 companies were traded, at the end of the day 167
stocks closed higher, 218 declined, while 19 remained unchanged. The value of
shares traded during the day was at recorded the level of PKR 10.58 billion
decreased by 28%.
Profit-taking
witnessed in capital market; major activity witnessed in, Commercial Banks, Technology
and Oil & Gas Marketing sector. In Commercial Banks sector, BOP, HBL, SMBL remain
in the red zone throughout the session and depreciated their value by 0.81%,
2.77%, 5.36%. In Technology Sector, TRG, PAKD depreciated their value by 0.30%,
2.17%, while WTL improve their value by 5.14%.Moreover in Oil & Gas
Marketing sector SSGC drop their value by 0.20%, while SHEL, APL appreciated their value by 3.39%,
1.40%.
Active
list was topped by BOP with 79 million shares as it closed at PKR 18.33 with a
negative change of PKR 0.15.SSGC was the second highest on the volume chart
with 21 million shares closed at PKR 44.61 with a negative change of PKR 0.09.
It was followed by DCL with 20 million shares closed at PKR 31.60 with a negative
change of PKR 0.58, PACE with 20 million shares closed at PKR 10.43 with a
negative change of PKR 0.66.
Today
major trading activities were recorded in Commercial Banks Sector as it was traded
above 120 million shares followed by Technology & Communication sector
which recorded the volume of 40 million shares whereas Oil & Gas Marketing
Companies sparked at 3rd place by trading above 39 million shares.
Highest
increase was recorded in the shares of Nestle Pakistan, which rose by PKR
119.67 to PKR 8369.67 per share; followed by Bata (Pak), that improved by PKR
100.00 to PKR 4200.00 per share. Major decline was witnessed in the shares of
Unilever Foods, which fell by PKR 170.00 to PKR 5700.00 per share; followed by
Colgate Palmolive, dropped by PKR 50.00 to PKR 1550.00 per share.
Factors
for Today:
· No
hike in gas tariff for any category of consumers
· OGDCL
discovers hydrocarbons at three wells
· Govt
likely to renegotiate terms with K-Electric’s buyer
· New
market entrant: Renault to begin assembling cars by 2018
· Shell
companies' owners: Draft Cos Bill to allow SECP to seek details
Factors
to watch:
·
International
Oil prices.
·
PKR
vs US$ movement.
·
Results
Seasons.
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