The
Pakistan Stock Exchange (PSX) maintain its status as the fastest growing market
in Asia in the outgoing week, the KSE-100 Index continued its positive run and
touched a new highest ever 47,070.56 pts. As the ongoing bidding process for
divestment of Pakistan Stock Exchange along with recovery in global oil prices
after the agreement reached on supply cut among oil producing countries and
strong liquidity position of local investors proved to be a significant
motivation to the market. At close, the PSX’s benchmark KSE 100-share Index
finished with a rise of 0.77% or 354.06 points to finish at 46,938.59
levels. Relatively Slow activity witnessed in the market as
turnover settled at 344 million shares as compared to 346 million shares in the
last trading session. Shares of 402 companies were traded; at the end of the
day 192 stocks closed higher, 194 declined, while 16 remained unchanged. The
value of shares traded during the day was at recorded the level of PKR 15.63
billion decreased by 2%.
Bulls remain active in capital market; major
activity witnessed in Commercial Banks, Cement and Transport sector. In Commercial
Banks sector, major contribution came from BOP, HBL, FABL appreciated their
value by (+4.76%), (+4.32%),(+4.95%).In Cement Sector, POWER up their value by
(+6.15%), while LUCK, BWCL decline their value by (-0.86%), (-1.85%). Moreover
in Transport Sector, PIBTL, PICT appreciated their value by (+4.98%), (+1.12%),
while PNSC drop by (-2.10%).
Active list was topped by BOP with 30 million
shares as it closed at PKR 18.28 with a positive change of PKR 1.00. POWER was
the second highest on the volume chart with 26 million shares closed at PKR
14.32 with a positive change of PKR 0.84. It was followed by PIBTL with 20 million
shares closed at PKR 39.22 with a positive change of PKR 1.86, FABL with 17
million shares closed at PKR 23.73 with a positive change of PKR 1.12.
Today major trading activities were recorded
in Commercial Banks Sector as it was traded above 87 million shares followed by
Cement sector which recorded the volume of 40 million shares whereas Transport sparked
at 3rd place by trading above 26 million shares.
Highest increase was recorded in the shares
of Sanofi-Aventis, which rose by PKR 115.26 to PKR 2420.61 per share; followed
by Bata (Pak), that improved by PKR 100.00 to PKR 4700.00 per share. Major
decline was witnessed in the shares of Rafhan Maize, which fell by PKR 199.00
to PKR 8001.00 per share; followed by Service Ind. Ltd, dropped by PKR 31.41 to
PKR 1489.84 per share.
Factors
for Today:
·
Cement sector seeks tax reduction on coal import
·
SNGPL, SSGCL to launch 60 LPG-air mix plants
·
Oil prices rise in anticipation of tighter 2017
market
·
Chinese company to be awarded mega power project
·
Recovery of money through bank account: notices
issued
Factors
to watch:
·
International
Oil prices.
·
PKR
vs US$ movement.
·
Panama
Leak Case
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