The
Pakistan Stock Exchange saw its highest closing ever of 43,060.71 after
experiencing a 61.05 point increase. Market remains range bound as it touches
highest level of 43,184.92 points while the lowest level 42,999.66 points. SBP decision to keeps policy rate unchanged,
OPEC member’s upcoming meeting sparked little interest in local bourse, but
major investors remain sideline ahead of Panama case hearing. Relatively Dull activity witnessed in the
market as turnover settled at 460 million shares as compared to 504 million
shares in the last trading session. Shares of 418 companies were traded; at the
end of the day 237 stocks closed higher, 168 declined, while 13 remained
unchanged. The value of shares traded during the day was at recorded the level of
PKR 7.75 billion decreased by 19%.
Bulls
remain active in capital market; major activity witnessed in Chemical,
Technology & Communication and Inv Banks/ Inv Cos. / Sec Cos. sector. In Chemical
sector LOTCHEM, ICI were the shining star throughout the session and
appreciated their value by 8.78%, 2.02%, while COLG declined their value
by 2.82%. In Technology & Communication Sector, MDTL, WTL surge their value
by 13.89%, 3.79%, while PAKD drop by 4.85%. Moreover in Inv Bank/ Inv Cos.
/ sector, PASL, IGIBL, IFSL appreciated the most 5.90%, 12.61%, 5.00%.
Active
list was topped by LOTCHEM with 30 million shares as it closed at PKR 9.04 with
a positive change of PKR 0.73.MDTL was the second highest on the volume chart
with 28 million shares closed at PKR 6.15 with a positive change of PKR 0.75.
It was followed by NRSL with 15 million shares closed at PKR 13.65 with a
positive change of PKR 0.83, WTL with 15 million shares closed at PKR 3.01 with
a positive change of PKR 0.11.
Today
major trading activities were recorded in Chemical Sector as it was traded
above 58 million shares followed by Technology & Communication sector which
recorded the volume of 56 million shares whereas Inv Bank/Inv Cos. /Sec. Cos sparked
at 3rd place by trading above 45 million shares.
Highest
increase was recorded in the shares of Rafhan Maize, which rose by PKR 378.00
to PKR 7938.00 per share; followed by Philip Morris Pak, that improved by PKR
88.40 to PKR 2018.40 per share. Major decline was witnessed in the shares of
Wyeth Pak Ltd, which fell by PKR 102.94 to PKR 4485.83 per share; followed by
Colgate Palmolive, dropped by PKR 47.95 to PKR 1651.05 per share.
Factors
for Today:
·
Monetary
matters: SBP keeps policy rate unchanged at 5.75%
·
ADB
approves $325m loan to connect off-grid areas in K-P, Punjab
·
No
relief for Punjab despite gas price cut
·
Government
urged to normalise trade ties with India
·
Money
Market: Bank borrowing rises
Factors
to watch:
·
International
Oil prices.
·
PKR
vs US$ movement.
·
Panama
Leak Case
No comments:
Post a Comment