Stock
Market Stated 43,300 highest levels ever, PSX -100 share indexes witnessed
bullish session with an upsurge of 400 points. Steep recovery in global crude
oil prices helped local oil scrip and index to upsurge. Pakistan equities
closed positive due to OPEC member agreed to its first supply cut in eight
years in order to support falling crude prices helped the index to touch all
time high in intraday at 43,308.14 pts. Moreover, slightly higher than
consensus inflation rate, of 3.81% Y/Y for November also played as a catalyst
for the market. Foreign outflow were the major concern throughout the week as
foreign investors were the net sellers of $32mn so far. At close, the Pakistan
Stock Exchange’s benchmark KSE 100-share Index, recorded a gains of 0.85% or
363.54 points to stand at 43270.90 levels. Relatively Dull activity witnessed
in the market as turnover settled at 374 million shares as compared to 504
million shares in the last trading session. Shares of 397 companies were traded;
at the end of the day 235 stocks closed higher, 235 declined, while 15 remained
unchanged. The value of shares traded during the day was at recorded the level
of PKR 7.95 billion decreased by 37%.
Bulls
remain active in capital market; major activity witnessed in Technology &
Communication, Textile Composite and Commercial Banks sector. In Technology
sector WTL, TELE, remain in the positive zone throughout the session and surge
their value by 10.76%, 1.39%, while
PTC drops their value by 0.11%. In Textile Composite Sector, ANL, BHAT, KTML
improve their value by 11.57%, 1.25%, 3.50%.Moreover in Commercial Banks sector, BOP, HBL, MCB appreciated their value
by 1.34%, 2.88%, 1.85%.
Active
list was topped by WTL with 50 million shares as it closed at PKR 3.19 with a
positive change of PKR 0.28.ANL was the second highest on the volume chart with
22 million shares closed at PKR 9.64 with a positive change of PKR 1.00. It was
followed by BOP with 20 million shares closed at PKR 18.89 with a positive
change of PKR 0.31, PMI with 14 million shares closed at PKR 4.10 with negative
change of PKR 0.11.
Today
major trading activities were recorded in Technology & Communication Sector
as it was traded above 63 million shares followed by Textile Composite sector
which recorded the volume of 45 million shares whereas Commercial Banks sparked
at 3rd place by trading above 41 million shares.
Highest
increase was recorded in the shares of Wyeth Pak Ltd, which rose by PKR 169.16
to PKR 4288.96 per share; followed by Khyber Tobacco, that improved by PKR 43.25 to
PKR 1130.25 per share. Major decline was witnessed in the shares of Bata (Pak),
which fell by PKR 94.08 to PKR 4300.00 per share; followed by Island Textile, dropped
by PKR 55.25 to PKR 1054.75 per share.
Factors
for Today:
· Inflation
eased to 3.81pc in November:
· Trade
regime with Delhi unchanged: Dastgir
· Pakistan
Steel Mills directed to sell inventory to settle debt
· Pak-China
direct rail and sea freight service launched
· Fossil
fuels: Crude oil production reaches record high of 100,000 bpd
Factors
to watch:
·
International
Oil prices.
·
PKR
vs US$ movement.
·
Panama
Leak Case
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