Monday 21 November 2016

SUNRISE CAPITAL (PVT) LTD | 21 November 2016 | LANDING

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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