KSE100
garnered further strength closed up 48.71 points, touch a new all-time high
43,206 but closed just shy of 43,000 marks. The benchmark index looks hovering
to set a new all-time high in today's session owing to resilience of local
investors as foreign selling seem to influence only the nervous investors.
Anticipation of an increase in Discount Rate in upcoming Monetary Policy drive
a positive rally in market, moreover boom in global crude oil prices supported
the overall increase in market. The Benchmark KSE-100 index closed higher by
48.71 points or 0.11%, to close at 42,949.73 levels. Relatively Strong activity
witnessed in the market as turnover settled at 564 million shares as compared
to 495 million shares in the last trading session. Shares of 412 companies were
traded; at the end of the day 224 stocks closed higher, 174 declined, while 14
remained unchanged. The value of shares traded during the day was at recorded
the level of PKR 10.98 billion decreased by 5%.
Volatility
prevailed in capital market; major activity witnessed in Miscellaneous,
Commercial Banks and Technology sector. In Miscellaneous sector PACE, SHFA,
TRIPF remain in the red zone throughout the session and declined their value by
0.56%, 0.99%, 1.03%. In Commercial Bank Sector, BOP, MCB drop their value by
0.16%, 0.47%, while SMBL appreciated by 1.54%. Moreover in Technology
& Communication sector, MDTL & PAKD appreciated the most 16.28%, 4.52%,
while TRG depreciated their value by 0.46%.
Active
list was topped by PACE with 61 million shares as it closed at PKR 12.54 with a
negative change of PKR 0.25.ANL was the second highest on the volume chart with
31 million shares closed at PKR 9.12 with a positive change of PKR 0.73. It was
followed by PIAA with 30 million shares closed at PKR 13.15 with a negative
change of PKR 0.07, BOP with 29 million shares closed at PKR 18.82 with no
change.
Today
major trading activities were recorded in Miscellaneous Sector as it was traded
above 63 million shares followed by Commercial Bank sector which recorded the
volume of 58 million shares whereas Technology & Communication sparked at
3rd place by trading above 58 million shares.
Highest
increase was recorded in the shares of Rafhan Maize, which rose by PKR 290.00
to PKR 7700.00 per share; followed by Nestle Pakistan, that improved by PKR
200.00 to PKR 8750.00 per share. Major decline was witnessed in the shares of
Wyeth Pak Ltd, which fell by PKR 238.02 to PKR 4522.54 per share; followed by
Philip Morris Pak, dropped by PKR 93.16 to PKR 2016.35 per share.
Factors
for Today:
·
OGDCL produces record 50,172 bpd
·
Monetary policy on 26th
·
Oil refinery to be set up in place of
Gadani coal power project
·
Govt incentives boost Islamic banks
·
Pakistan-America conference to be held
next year
Factors
to watch:
·
International
Oil prices.
·
PKR
vs US$ movement.
·
Panama
Leak Case
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