Market
stated an overall positive session. Market started after a positive open,
gained steadily until mid-day with index heavy exploration and production. The
benchmark KSE-100 index, break out into another rally that saw it touch an
intra-day peak of 46985.65 points. Participation volume were limited as most of
the investor preferred to stay sideline. Depreciating Yen helped auto sector to
prosper. Further Result season is about to start this would keep help market to
recover the previous losses. Moreover CPEC, MSCI and result season make the
market in positive mode. At close, the
Pakistan Stock Exchange’s (PSX) benchmark KSE 100-share Index finished with a
rise of 0.49% or 90.43 points at 46,920.47 levels.Relatively
Strong activity witnessed in the market as turnover settled at 198 million
shares as compared to 179 million shares in the last trading session. Shares of
393 companies were traded; at the end of the day 199 stocks closed higher, 173
declined, while 21 remained unchanged. The value of shares traded during the
day was at recorded the level of PKR 8.29 billion increased by 28%.
Bulls remain active in capital market; major
activity witnessed in Commercial Banks, Cement and Engineering sector. In Banking
sector, BOP, HBL, JSBL remain the positive and up their value by 2.09%, 1.96%,
2.24%. Interest was seen in Cement Sector, Dewan Cement gained to close at its
upper circuit for the Third consecutive session, increase by 4.58%, LUCK,
KOHC appreciated their value by 0.85%,
2.94%.Moreover in Engineering Sector, DSL, KSBP ASL increase their value by
1.52%, 3.28%, 0.31%. In addition positive contribution came from E&P &
OMC Sector SNGP SSGC increase by 4.62%, 2.51% while HASCOL close its upper
circuit 5.00%. MARI OGDC POL edged higher by 0.68%, 0.33%, 0.47%.
Active list was topped by DCL with 15 million
shares as it closed at PKR 37.23 with a positive change of PKR 1.63. BOP was
the second highest on the volume chart with 13 million shares closed at PKR
17.58 with a positive change of PKR 0.36. It was followed by DSL with 13 million
shares closed at PKR 10.68 with a positive change of PKR 0.16, KEL with 11
million shares closed at PKR 19.20 with no change
Today major trading activities were recorded
in Commercial Banks Sector as it was traded above 27 million shares followed by
Cement sector which recorded the volume of 23 million shares whereas
Engineering sparked at 3rd place by trading above 21 million shares.
Highest increase was recorded in the shares
of Philip Morris Pak, which rose by PKR 121.17 to PKR 2752.08 per share;
followed by Sanofi-Aventis, that improved by PKR 117.50 to PKR 2467.50 per
share. Major decline was witnessed in the shares of Pak Services, which fell by
PKR 46.50 to PKR 883.50 per share; followed by Sapphire Fiber, dropped by PKR 40.00
to PKR 970.00 per share.
Factors
for Today:
·
SECP revamps operations to promote corporatization,
Companies can now be registered with SECP in a day
·
China to finance three more road projects under CPEC
·
China to reduce trade tariff for Pakistan
·
All CMs invited to attend JCC in Beijing on Dec 29
·
Oil Prices Rise Higher Ahead of Production Cut
Factors
to watch:
·
International
Oil prices.
·
PKR
vs US$ movement.
·
Panama
Leak Case
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