SUNRISE CAPITAL (PVT) LTD | 14 November 2016 | LANDING

Pakistan equities starting a day on gloomy note despite the trade route linking Gwadar & Chinese city Kashgar inaugurated by PM. The awful incident at Hub, the continuous firing at LOC and the Supreme Court hearing scheduled for 15 November hurt the investor’s sentiments. Investors prefer to wait and watch policy & take a cautious approach before the Panama hearing. The benchmark-100 share index plunged by 323.19pts or 0.75% to close at 42525.93 levels. Swift activity witnessed in the market as turnover settled at 554 million shares as compared to 541 million shares in the last trading session. Shares of 403 companies were traded; at the end of the day 155 stocks closed higher, 235 declined, while 13 remained unchanged. The value of shares traded during the day was at recorded the level of PKR 13.00 billion increased by 5%.

Bearish activity witnessed in capital market; major activity witnessed in Commercial Banks, Transport and Power Generation sector. In Commercial Banks sector, BOP, SMBL were the shining star  throughout the session and appreciated their value by 1.12%, 12.00%, while UBL drop their value by 2.64%.In Transport  Sector, PIAA, PIBTL, improve their value by 1.75% 0.50%, while  PICT  depreciated their value by 2.38%.Moreover in Power Generation sector, KEL, HUBC, JPGL  depreciated their value by 0.44%, 1.42%, 2.07%.

Active list was topped by BOP with 62 million shares as it closed at PKR 19.81 with a positive change of PKR 0.22.PIAA was the second highest on the volume chart with 47 million shares closed at PKR 11.64 with a positive change of PKR 0.20. It was followed by SMBL with 42 million shares closed at PKR 4.20 with a positive change of PKR 0.45, KEL with 34 million shares closed at PKR 9.15 with a negative change of PKR 0.04.

Today major trading activities were recorded in Commercial Banks Sector as it was traded above 147 million shares followed by Transport sector which recorded the volume of 54 million shares whereas Power Generation & Distribution sparked at 3rd place by trading above 42 million shares.

Highest increase was recorded in the shares of Abbott Lab, which rose by PKR 22.50 to PKR 897.35 per share; followed by Atlas Battery, that improved by PKR 16.98 to PKR 859.90 per share. Major decline was witnessed in the shares of Nestle Pakistan, which fell by PKR 253.50 to PKR 8310.50 per share; followed by Philip Morris Pak, dropped by PKR 83.89 to PKR 1856.13 per share.

Factors for Today:

·        CPEC dreams come true as Gwadar port goes operational

·        Oil steady near multi-month lows on OPEC output record, U.S. rig count

·        Orga seeks govt's advice regarding 36pc hike in gas prices during 2016-17

·        WB likely to finance $375m Trans-Khyber Pass project

·        IP pipeline: Ministry seeks to hold fresh price talks with Iran

Factors to watch:

·        International Oil prices.

·        PKR vs US$ movement.

·        Results Seasons.