Bulls
take the charge again as PSX touch an all time high of 47,563.46 pts to stop
the bears. Equities observe positive trading day as an across the board
increase was seen. Recovery in international crude oil prices kept local oil
scrip and index in bullish circle. Banking, Cement & E&P sector
remained in limelight participating heavily in keep market on positive track. At
close, the Pakistan Stock Exchange’s (PSX) benchmark KSE 100-share Index
finished with a rise of 1.07% or 504.16 points at 47,424.63 levels. Relatively Strong activity witnessed in the market as
turnover settled at 273 million shares as compared to 198 million shares in the
last trading session. Shares of 409 companies were traded; at the end of the
day 228 stocks closed higher, 161 declined, while 20 remained unchanged. The
value of shares traded during the day was at recorded the level of PKR 13.12
billion increased by 58%.
Bulls remain active in capital market; major
activity witnessed in Cement, Power Generation & Distribution and Commercial
Banks sector. In Cement sector, the
cement sector performed well with almost all stocks closing in the green in
anticipation of healthy dispatches recorded in December. Cements were in the limelight with DG
Khan Cement going up 2.48%, Lucky Cement up by 1.08% and DCL up 4.81%. In Power
Generation Sector, 340MW Nuclear Power Plant 'C-3' to be inaugurated today. KEL,
KAPCO, NPL surge their value by 0.54%, 0.71%, 2.64%. Moreover in Banking Sector,
Index heavy Habib Bank (HBL
1.14%), MCB emerged as a top performer by 2.33%, while BOP drop their value by
0.11%. In addition Positive sentiments prevailed in oil marketing companies as
investors took fresh bets, which lifted HASCOL SHEL PSO up by 1.91%, 1.96%, and
0.97%.
Active list was topped by KEL with 21 million
shares as it closed at PKR 9.25 with a positive change of PKR 0.05. DCL was the
second highest on the volume chart with 18 million shares closed at PKR 39.01
with a positive change of PKR 1.79. It was followed by BOP with 13 million
shares closed at PKR 17.56 with a negative change of PKR 0.03, SNGP with 13
million shares closed at PKR 78.59 with a negative change of PKR 0.54.
Today major trading activities were recorded
in Cement Sector as it was traded above 45 million shares followed by Power
Generation & Distribution sector which recorded the volume of 34 million
shares whereas Commercial Banks sparked at 3rd place by trading above 31
million shares.
Highest increase was recorded in the shares
of Nestle Pakistan, which rose by PKR 433.20 to PKR 9145.71 per share; followed
by Sanofi-Aventis, that improved by PKR 123.37 to PKR 2590.87 per share.
Major decline was witnessed in the shares of Wyeth Pak Ltd, which fell by PKR 110.24
to PKR 4605.76 per share; followed by Millat Tractors, dropped by PKR 16.47 to
PKR 872.64 per share.
Sui Northern Gas Pipelines Limited announced
its 1QFY17 result for the period ended September 30, 2016. Profit clocked in @
PKR 1.39 million translating into EPS of PKR 2.21.
Factors
for Today:
·
340MW
Nuclear Power Plant 'C-3' to be inaugurated Dec 28
·
Sindh makes
case for collecting royalty on crude oil, gas
·
Nepra Okays
Rs3.6/unit cut in tariff for Nov
·
Govt
anticipates $4b investment in three industrial zones
·
Over 30% of
manufacturing capacity standing idle
Factors
to watch:
·
International
Oil prices.
·
PKR
vs US$ movement.
·
Result
Season.
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