KSE-100 Index ended 2016 on a cheery note,
continuing its upbeat momentum; the 100 index extended its gain for the 5th
consecutive session. Amid rising market participation, the 100 index clocked in
a fresh all-time high of 47,933.8 in today’s session as investor remained
upbeat on future prospects. Towards the end, the 100 index closed up 140.3
points or 0.29% at 47,806.97 level on the last trading day of 2016.
The benchmark index KSE100 has posted
gains of 43.7% in CY16. Despite net foreign selling of US$340 mn left with 1
day, market generated above average return due to ample local liquidity.
Benchmark KSE-100 index outperformed MSCI Frontier Market.
Relatively Slow activity
witnessed in the market as turnover settled at 387 million shares as compared
to 390 million shares in the last trading session. Shares of 393 companies were
traded; at the end of the day 183 stocks closed higher, 194 declined, while 16
remained unchanged. The value of shares traded during the day was at recorded
the level of PKR 13.6 billion decreased by 11%.
Volatility prevailed in
capital market; major activity witnessed in Engineering, Cement and Commercial
Banking sector. The steel sector remained in the limelight with the highest
turnover of 22mn shares, topped by DSL (up 5.3%) and ISL (up 1.13%). In
Cement sector, LUCK, DGKC, MLCF and ACPL remain positive in the whole session
and appreciated their value by 2.16%, 0.3% and 1.97%, while DCL & FCCL drop
by 4.12% and 0.46%. In Commercial Banks Sector HBL, UBL up by 2.26% and 1.15%
while BOP drop its value by 3.80%. Moreover in OMC Sector SHEL, PSO,
HASCOL and APL appreciated by 4.16%, 1.43%, 0.11% and 0.31%.
Active list was topped by
DSL with 45 million shares as it closed at PKR 12.13 with a positive change of
PKR 0.61. BOP was the second highest on the volume chart with 38 million shares
closed at PKR 17.70 with a negative change of PKR 0.70. It was followed by NIB
with 18 million shares closed at PKR 1.80 with a positive change of PKR 0.15,
DCL with 15 million shares closed at PKR 38.84 with negative change of PKR 1.67.
Today major trading
activities were recorded in Engineering Sector as it was traded above 22
million shares followed by Cements sector which recorded the volume of 16.7
million shares whereas Commercial Banks sparked at 3rd place by trading above
16.6 million shares.
Highest increase was
recorded in the shares of Sanofi Aventis, which rose by PKR 136.02 to PKR
2,856.43 per share; followed by Philip Morris Pak, that improved by PKR
100.00 to PKR 2,750.00 per share. Major decline was witnessed in the shares of
Bata Pak, which fell by PKR 160.00 to PKR 4,310.00 per share; followed by
Unilever Foods, dropped by PKR 82.00 to PKR 5,850.00 per share.
Ogra recommends up to 16.02% hike
in PoL prices
Disbursements under PM loan
scheme soar to Rs15b
Wapda to enhance Mangla Hydel
capacity to 1310MW
SBP’s reserves increase 0.6%,
amount to $18.299b
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