Wednesday, 9 November 2016

SUNRISE CAPITAL (PVT) LTD | 09 November 2016 | LANDING

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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