The
Pakistan Stock Exchange (PSX) benchmark-100 index opened with bullish momentum,
gaining over 200 points soon after the opening bell. Pakistan equities staged a
surprising rally that pushed benchmark KSE100 index to a new all-time high over
47713.34 levels. Increase in international oil prices kept local oil scrip in
limelight. Further Investor interest was
seen in the Auto, Cement, Banks, OMC’s & Fertilizer sector. Moreover,
Fertilizer sector gained on the back of
sales numbers released by National Fertilizer Development Centre (NFDC) for
November, which indicated a month-on-month increase of 112pc for urea 32pc for
DAP. At close, the Pakistan Stock Exchange’s (PSX) benchmark KSE 100-share
Index finished with a rise of 0.49% or 242.03 points at 47,666.66 levels. Relatively Strong activity witnessed in the market as
turnover settled at 390 million shares as compared to 273 million shares in the
last trading session. Shares of 417 companies were traded; at the end of the
day 282 stocks closed higher, 118 declined, while 17 remained unchanged. The
value of shares traded during the day was at recorded the level of PKR 13.90
billion increased by 6%.
Bulls remain active in capital market; major
activity witnessed in Cement, Commercial Banks and Engineering sector. In Cement
sector, Investor interest was seen in the cement sector on the
back of anticipation that there will be a year-on-year growth in cement dispatches
for December, surge by DCL +3.56%, ACPL +5.00%, LUCK +0.51%. In Commercial Banks
Sector, Emerged as the top contributor towards the day’s rally with BOP gained +5.24%,
JSBL +4.26%, +AKBL 0.60%. Moreover in
Engineering Sector,
Index heavy DSL emerged as a top
performer by 9.21%, KSBP gained by 5.00%, while ASL drops their value by 0.81%.In
addition Fertilizers also came in limelight and traded higher as investors
cheered provisional release of higher-than-expected urea offtake in November,
EFERT FATIMA & FFBL gained +1.23%, +2.06%, +2.88%.
Active list was topped by DSL with 40 million
shares as it closed at PKR 11.52 with a positive change of PKR 0.97. BOP was
the second highest on the volume chart with 35 million shares closed at PKR
18.40 with a positive change of PKR 0.92. It was followed by KEL with 28 million
shares closed at PKR 9.30 with a positive change of PKR 0.02, FCCL with 19
million shares closed at PKR 40.51 with a positive change of PKR 2.15.
Today major trading activities were recorded
in Cement Sector as it was traded above 63 million shares followed by Commercial
Banks sector which recorded the volume of 56 million shares whereas Engineering
sparked at 3rd place by trading above 49 million shares.
Highest increase was recorded in the shares
of Unilever Foods, which rose by PKR 282.00 to PKR 5932.00 per share; followed
by Sanofi-Aventis, that improved by PKR 129.54 to PKR 2720.41 per share.
Major decline was witnessed in the shares of Bata (Pak), which fell by PKR 230.00
to PKR 4470.00 per share; followed by Nestle Pakistan, dropped by PKR 145.71 to
PKR 9000.00 per share.
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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