Pakistan
stocks posted a strong gain and touch highest ever level of 42,750.Likewise,
regional market PSX join surprise turn around in the wake shock for republican
Donald Trump in US election. at close The Benchmark KSE-100 index finished with
a gain of 1.19% or 500.36pts to end at 42,703.99 levels.Swift activity witnessed in the market as turnover settled at 560 million
shares as compared to 552 million shares in the last trading session. Shares of
404 companies were traded, at the end of the day 272 stocks closed higher, 125
declined, while 7 remained unchanged. The value of shares traded during the day
was at recorded the level of PKR 14.03 billion decreased by 9%.
Bulls
remain active in capital market; major activity witnessed in Commercial Banks, Technology
and Transport sector. In Commercial Banks sector, BOP in the red zone throughout
the session and depreciated their value by 1.18%, while HBL, MCB
appreciated their value by 2.12%, 1.55%. In Technology Sector, WTL, TRG, SYS appreciated
their value by 8.96%, 0.61%, 1.25%.Moreover in Transport sector, PM forms
body to finalize PIA’s financial plan. PIAA appreciated their value by 9.66%,
while PMPK, PAKT drop their value and depreciated by 4.77%, 0.82%.
Active
list was topped by BOP with 68 million shares as it closed at PKR 20.13 with a
negative change of PKR 0.19.PIAA was the second highest on the volume chart
with 51 million shares closed at PKR 10.44 with a positive change of PKR 1.00. It
was followed by WTL with 28 million shares closed at PKR 2.92 with a positive
change of PKR 0.18, SSGC with 21 million shares closed at PKR 47.40 with a
positive change of PKR 0.35.
Today
major trading activities were recorded in Commercial Banks Sector as it was traded
above 125 million shares followed by Technology & Communication sector
which recorded the volume of 63 million shares whereas Transport sparked at 3rd
place by trading above 61 million shares.
Highest
increase was recorded in the shares of Bata (Pak), which rose by PKR 100.00 to
PKR 4300.00 per share; followed by Nestle Pakistan, that improved by PKR 96.00
to PKR 8396.00 per share. Major decline was witnessed in the shares of Philip
Morris Pak, which fell by PKR 97.17 to PKR 1940.02 per share; followed by
Bhanero Tex, dropped by PKR 40.75 to PKR 800.00 per share.
Factors
for Today:
· $8-billion
main rail-link: ML-1 project to be kept outside PSDP
·
Textile sector: PTEA laments high RLNG prices
·
Islamic Development Bank offers $500m for TAPI
pipeline
·
Pakistan oil, gas sector marked strong presence at
ADIPEC
·
External debt to GDP ratio declines to 20 percent:
Secretary Finance
Factors
to watch:
·
International
Oil prices.
·
PKR
vs US$ movement.
·
Results
Seasons.
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