Oil
& Gas Exploration sector tow the investor’s interest back in Pakistan stock
Exchange. The Pakistan Stock exchange started on optimistic note and touches
the new intraday high level of 43,280 as OPEC members decided to freeze the
output level which resulted in upsurge of 10% in oil prices in one day. All the
OMC script closed near their upper limit and helps the index to close at
42,907.36 levels with addition of 284.99 points or 0.67%. Relatively Strong
activity witnessed in the market as turnover settled at 504 million shares as
compared to 394 million shares in the last trading session. Shares of 403
companies were traded; at the end of the day 192 stocks closed higher, 199
declined, while 12 remained unchanged. The value of shares traded during the
day was at recorded the level of PKR 12.63 billion increased by 45%.
Bulls
remain active in capital market; major activity witnessed in Commercial Banks, Inv
Banks/ Inv Cos. / Sec Cos. and Textile Spinning sector. In Banking sector BOP, HBL
remain in the red throughout the session and depreciated their value by
4.46%, 1.74%, while UBL surge their value by 1.22%. In Inv Banks/ Inv Cos. /
Sec Cos. Sector, PASL, IFSL, FCSC improve their value by 0.32%, 4.57%, 2.12%.Moreover
in Textile Spinning sector, DSIL, IDYM appreciated their value by
8.33%, 5.00%, while ILTM decline their value by
4.98%. Increase activity was seen in OMC & E&P sector because
OPEC announced output cut and also increase oil prices up to 8.8%. APL, SHEL
gained 1.69%, 2.10%. In E&P sector POL, OGDC, MARI touches their upper
limits 4.79%, 4.06%, 5.00.
Active
list was topped by BOP with 40 million shares as it closed at PKR 18.64 with a
negative change of PKR 0.87.PACE was the second highest on the volume chart
with 20 million shares closed at PKR 12.93 with a negative change of PKR 0.23.
It was followed by KEL with 20 million shares closed at PKR 9.18 with a
negative change of PKR 0.03, PASL with 18 million shares closed at PKR 3.16 with
positive change of PKR 0.01.
Today
major trading activities were recorded in Commercial Banks Sector as it was traded
above 67 million shares followed by Inv Bank/Inv Cos. /Sec. Cos sector which
recorded the volume of 39 million shares whereas Textile Spinning sparked at
3rd place by trading above 32 million shares.
Highest
increase was recorded in the shares of Mari Petroleum, which rose by PKR 52.45
to PKR 1101.63 per share; followed by Philip Morris Pak, that improved by PKR 49.83
to PKR 2243.38 per share. Major decline was witnessed in the shares of Wyeth
Pak Ltd, which fell by PKR 123.20 to PKR 4119.80 per share; followed by Island
Textile, dropped by PKR 58.15 to PKR 1110.00 per share.
Factors
for Today:
·
Opec
agrees first output cut since ’08
·
Petrol
price increased by Rs2 per litre
·
Tax
collection fell 5.8pc in November
·
North-South
pipeline: Pakistan, Russia reach LNG price accord
·
Thar:
SECMC unveils plans for five more coal-fired plants
Factors
to watch:
·
International
Oil prices.
·
PKR
vs US$ movement.
·
Panama
Leak Case
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