The
bourse stayed mostly in neutral territory in a dull session as investors
remained on the sidelines in the absence of any trigger. Investors
cherry-picked stocks in banking sector likely to driven by announcement of
Monetary policy; cement stocks, in anticipation of drop in margin ahead of
increasing Coal Prices; and oil stocks, owing to volatile global oil prices. at
close, the Pakistan Stock Exchange’s benchmark KSE 100-share Index surge by 114.10
points or 0.27%, to end at 42,439.04 levels.
Relatively Dull activity witnessed in the market as turnover
settled at 347 million shares as compared to 490 million shares in the last
trading session. Shares of 381 companies were traded; at the end of the day 199
stocks closed higher, 167 declined, while 15 remained unchanged. The value of
shares traded during the day was at recorded the level of PKR 5.84 billion decreased
by 17%.
Bulls
remain active in capital market; major activity witnessed in Commercial Banks,
Cement and Transport sector. In Commercial Banks sector, SMBL, BOP, MEBL remain
the shining star throughout the session and appreciated their value by 11.06%,
0.05%, 2.76%. In Cement Sector, POWER, BWCL up their value by 1.39%, 4.59%,
while LUCK drop their value by 0.53%.Moreover in Transport sector, PIAA & PNSC up by 3.29%, 0.29%,
while PIBTL depreciated their value by 0.81%.
Active
list was topped by SMBL with 61 million shares as it closed at PKR 5.12 with a
positive change of PKR 0.51.BOP was the second highest on the volume chart with
46 million shares closed at PKR 18.90 with a positive change of PKR 0.01. It
was followed by PIAA with 27 million shares closed at PKR 12.54 with a positive
change of PKR 0.40, POWER with 23 million shares closed at PKR 11.68 with a
positive change of PKR 0.16.
Today
major trading activities were recorded in Commercial Banks Sector as it was traded
above 136 million shares followed by Cement sector which recorded the volume of
31 million shares whereas Transport sparked at 3rd place by trading above 30
million shares.
Highest
increase was recorded in the shares of Wyeth Pak Ltd, which rose by PKR 205.61
to PKR 4317.98 per share; followed by Philip Morris Pak, that improved by PKR
86.88 to PKR 2102.88 per share. Major decline was witnessed in the shares of
Khyber Tobacco, which fell by PKR 48.50 to PKR 921.50 per share; followed by
Siemens Pak, dropped by PKR 29.53 to PKR 1160.67 per share.
Factors
for Today:
·
Upcoming OPEC meeting: Oil may rise to
$55 if producers cooperate
·
Money Market: Bank borrowing declines
·
National debt, liabilities cross Rs2.2
trillion
·
Hike in coal prices irks cement
manufacturers
·
Argentina offers collaboration in
agriculture sector
Factors
to watch:
·
International
Oil prices.
·
PKR
vs US$ movement.
·
Results
Seasons.
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