Stock index came well off
session lows after Hillary Clinton conceded the presidential election to Donald
Trump. PSX falling by 760 points in early trades ahead of US Election but later
on recovery witnessed; PSX surged by points 89.72 or 0.21% and finished at 42,203.63
levels. Investors all over the globe worried clearly witnessed in Regional
market trend as Trump victory could cause economic and global uncertainty. The
PSX textile sector will likely to affect from the new trade policies of US,
declining oil prices affect the oil sector and appreciation of Yen likely to
affect the auto sector.
Swift activity
witnessed in the market as turnover settled at 552 million shares as compared
to 480 million shares in the last trading session. Shares of 391 companies were
traded, at the end of the day 175 stocks closed higher, 196 declined, while 20
remained unchanged. The value of shares traded during the day was at recorded
the level of PKR 15.50 billion decreased by 2%.
Volatility
prevailed in capital market; major activity witnessed in Commercial Banks, Technology
and Oil & Gas Marketing sector. In Commercial Banks sector, BOP, HBL, SMBL remain
the Shining star throughout the session and appreciated their value by
4.35%, 2.02%, 2.27%. In Technology Sector, TRG, WTL appreciated their value by
7.36%, 0.75%, while TRG depreciated their value by 0.31%.Moreover in OMC sector,
SSGC, APL, HASCOL improve their value and appreciated by 2.56%, 1.43%, 2.00%.
Active
list was topped by BOP with 108 million shares as it closed at PKR 20.37 with a
positive change of PKR 0.85.TELE was the second highest on the volume chart
with 43 million shares closed at PKR 5.25 with a positive change of PKR 0.36.
It was followed by SSGC with 30 million shares closed at PKR 46.85 with a positive
change of PKR 1.17, TRG with 25 million shares closed at PKR 44.53 with a
negative change of PKR 0.14.
Today
major trading activities were recorded in Commercial Banks Sector as it was traded
above 138 million shares followed by Technology & Communication sector
which recorded the volume of 87 million shares whereas Oil & Gas Marketing
Companies sparked at 3rd place by trading above 48 million shares.
Highest
increase was recorded in the shares of Wyeth Pak Ltd, which rose by PKR
163.47 to PKR 3634.83 per share; followed by Philip Morris Pak, that improved by
PKR 48.19 to PKR 2037.19 per share. Major decline was witnessed in the shares
of Sanofi-Aventis, which fell by PKR 23.68 to PKR 1669.99 per share; followed
by Murree Brewery, dropped by PKR 20.67 to PKR 956.56 per share.
Factors
for Today:
·
New
army chief: Decision likely by 27th: Asif
· First
electric vehicle charging station launched
· PSO’s
receivables swell to Rs251.7 billion
· ECC
rules out subsidy on LPG sales in remote areas
· New
Islamabad Airport will further promote the progressive image of Pakistan: PM
Factors
to watch:
·
International
Oil prices.
·
PKR
vs US$ movement.
·
Results
Seasons.
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