Volatile
and choppy trading again with investors in the stock market remained wary as
the Panama Papers case involving the family of prime minister hangs in the
balance. Furthermore, the international crude oil prices bounced back due to
news of possible agreement among OPEC members. Moreover equities traded
listlessly for most part of the day swinging between gains and losses. However,
selective value buying in late afternoon helped the benchmark index to close
positive. Pakistan Stock Exchange witnessed range-bound session with the
100-share index recovering just 7.33 points or 0.02% to close at 42,411.80
points. Relatively Strong activity witnessed in the market
as turnover settled at 496 million shares as compared to 385 million shares in
the last trading session. Shares of 408 companies were traded; at the end of
the day 203 stocks closed higher, 182 declined, while 23 remained unchanged.
The value of shares traded during the day was at recorded the level of PKR 9.60
billion increased by 12%.
Volatility
Prevailed in capital market; major activity witnessed in Commercial Banks, Engineering
and Transport sector. In Commercial Banks sector, BOP remain in the red zone throughout
the session and depreciated their value by 1.93%, while SMBL, JSBL improve
their value and up by 6.86%, 9.66%. In Engineering Sector, DSLR, PECO, INIL,
appreciated their value by 23.92% 3.97%, 3.44%. Moreover in Transport sector,
PIAA up by 9.20%, while PIBTL, PNSC depreciated their value by 0.49%, 0.11%.
Active
list was topped by DSLR with 52 million shares as it closed at PKR 5.18 with a
positive change of PKR 1.00.PIAA was the second highest on the volume chart
with 41 million shares closed at PKR 11.63 with a positive change of PKR 0.98.
It was followed by BOP with 27 million shares closed at PKR 19.34 with a negative
change of PKR 0.38, SMBL with 23 million shares closed at PKR 4.52 with a positive
change of PKR 0.29.
Today
major trading activities were recorded in Commercial Banks Sector as it was traded
above 103 million shares followed by Engineering sector which recorded the
volume of 71 million shares whereas Transport sparked at 3rd place by trading
above 45 million shares.
Highest
increase was recorded in the shares of Wyeth Pak Ltd, which rose by PKR 186.50
to PKR 3916.55 per share; followed by Philip Morris Pak, that improved by PKR
82.96 to PKR 1920.02 per share. Major decline was witnessed in the shares of
Rafhan Maize, which fell by PKR 242.50 to PKR 7457.50 per share; followed by
Khyber Tobacco, dropped by PKR 46.90 to PKR 971.10 per share.
Factors
for Today:
·
Omantel
going ahead with Pakistan WorldCall sale
·
Vitol
Dubai increases stake in Hascol to 25%
·
France
offers technology, expertise to Pakistan
·
Chinese
investors express interest in KP mineral sector
·
FDI
declines 48pc to $316m
Factors
to watch:
·
International
Oil prices.
·
PKR
vs US$ movement.
·
Results
Seasons.
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