Thursday 29 December 2016

SUNRISE CAPITAL (PVT) LTD | 29 December 2016 | LANDING

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.

No comments:

Post a Comment