Market
witnessed another positive day; Recovery in oil prices kept local oil scrip s
as well as market on positive track. Moreover Boom in regional market played an
important role in positive start; on the other hand continuous selling of
foreigners startled investors and compel to take a cautious step. Bulls are
active and hit the index to touch 42,900 levels. However, KSE-100 index climbs
points Oil exploration and Textile sectors lead the gains. A the close KSE-100
index gained 269.44 points or 0.63% and closed at 42,901.02 levels. Relatively Strong activity witnessed in the market as
turnover settled at 495 million shares as compared to 467 million shares in the
last trading session. Shares of 398 companies were traded; at the end of the
day 212 stocks closed higher, 162 declined, while 24 remained unchanged. The
value of shares traded during the day was at recorded the level of PKR 11.59
billion increased by 12%.
Mixed
activity witnessed in capital market; major activity witnessed in Commercial Banks,
Miscellaneous and Transport sector. In Commercial Banks sector, BOP, SMBL
remain in the red zone throughout the session and declined their value by
0.63%, 6.39%, while UBL surge by 2.34%. In Miscellaneous Sector, PACE, SPEL, TRIPF
improved their value by 4.82%, 2.93%, 0.66%. Moreover in Transport sector,
PIAA & PIBTL up by 3.14%, 1.29%, while PICT depreciated their value by 1.33%.
Active
list was topped by PACE with 53 million shares as it closed at PKR 12.61 with a
positive change of PKR 0.58.PIAA was the second highest on the volume chart
with 35 million shares closed at PKR 13.12 with a positive change of PKR 0.40.
It was followed by BOP with 21 million shares closed at PKR 18.85 with a negative
change of PKR 0.12, BYCO with 19 million shares closed at PKR 23.71 with a positive
change of PKR 0.59.
Today
major trading activities were recorded in Commercial Banks Sector as it was traded
above 63 million shares followed by Miscellaneous sector which recorded the
volume of 55 million shares whereas Transport sparked at 3rd place by trading
above 40 million shares.
Highest
increase was recorded in the shares of Wyeth Pak Ltd, which rose by PKR 226.69
to PKR 4760.56 per share; followed by Sanofi-Aventis, that improved by PKR
95.73 to PKR 2010.43 per share. Major decline was witnessed in the shares of
Philip Morris Pak, which fell by PKR 90.08 to PKR 2109.51 per share; followed
by Unilever Foods, dropped by PKR 60.00 to PKR 5700.00 per share.
Factors
for Today:
·
Steel makers jack up prices after
Gadani fire incident
·
IFAD’s $40m rural growth plan in
jeopardy
·
Opec experts resume talks on oil
output cut; delegates upbeat
·
National Assembly panel approves
amnesty law
·
PIA considers Boeing, Airbus jets for
fleet upgrade
Factors
to watch:
·
International
Oil prices.
·
PKR
vs US$ movement.
·
Panama
Leak Case
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