Record
breaking spree continued at PSX, third consecutive day of December, with
benchmark KSE 100 index achieving new milestones and closing at another all
time high of 43,797 levels mainly due to buying in Oil scrip’s on back of Oil
Price outlook. The KSE 100 index gained 469 point during the trading session.
Start to the day was on a positive note as KSE100 Index was pushed up by gains
in select index heavy names notably OGDC, LUCK, POL and PPL, while sideboard
plays also fetched upbeat activity from retail investors and traded higher. At
close, the Pakistan Stock Exchange’s benchmark KSE 100-share Index, recorded a
gains of 1.08% or 469.07 points to stand at 43739.97 levels. Relatively Slow
activity witnessed in the market as turnover settled at 345 million shares as
compared to 374 million shares in the last trading session. Shares of 401
companies were traded; at the end of the day 203 stocks closed higher, 179
declined, while 19 remained unchanged. The value of shares traded during the
day was at recorded the level of PKR 10.41 billion increased by 31%.
Bulls
remain active in capital market; major activity witnessed in Commercial Banks
Technology & Communication and Textile Composite sector. In Banking sector NIB,
MEBL, remain in the positive zone throughout the session and surge their value by
3.26%, 4.83%, while BOP drops their
value by 0.48%. In Technology Sector, WTL drop by 1.88% while TRG, PTC improve
their value by 2.40%, 1.26%. Moreover in Textile Composite sector, ANL,
DLL, depreciated their value by 4.46%, 1.24%, while TOWL up by 2.98%.
Active
list was topped by ANL with 27 million shares as it closed at PKR 9.21 with a
negative change of PKR 0.43.NIB was the second highest on the volume chart with
22 million shares closed at PKR 2.22 with a positive change of PKR 0.07. It was
followed by WTL with 11 million shares closed at PKR 3.13 with a negative
change of PKR 0.06, BYCO with 10 million shares closed at PKR 24.52 with positive
change of PKR 0.04.
Today
major trading activities were recorded in Commercial Banks Sector as it was traded
above 54 million shares followed by Technology & Communication sector which
recorded the volume of 36 million shares whereas Textile Composite sparked at
3rd place by trading above 35 million shares.
Highest
increase was recorded in the shares of Wyeth Pak Ltd, which rose by PKR 59.04
to PKR 4348.00 per share; followed by Khyber Tobacco, that improved by PKR 43.75 to
PKR 1174.00 per share. Major decline was witnessed in the shares of Rafhan
Maize, which fell by PKR 148.00 to PKR 7790.00 per share; followed by Philip
Morris Pak, dropped by PKR 107.50 to PKR 2132.50 per share.
Factors
for Today:
· Shanghai
Electric agrees to share business plan with GoP
· PPIB
extends deadline for power plant bids
· Traders
urged to explore opportunities in Syria
· FBR
blames govt. for Rs117 billion revenue shortfall
·
Gas price reduction revives
hopes of fertilizer exports
Factors
to watch:
·
International
Oil prices.
·
PKR
vs US$ movement.
·
Panama
Leak Case
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