Pakistan Stock Exchange (PSX)
witnessed a flat session. The benchmark breezed past the 49,000-point
barrier to settle at an all-time high of 49439.26 levels. The index
maintained its bullish ride, Further PTI lawyer till now fail to prove
allegations against Sharif’s Family. Moreover, K-P govt. shuts down Lucky
Cement’s Pezu plant in KPK make the scrip in negative zone. At close, the
Pakistan Stock Exchange’s (PSX) benchmark KSE 100-share Index finished with a
surge of 0.00% or 1.18 points, to close at 49,039.41 levels. Relatively Strong activity witnessed in the market as
turnover settled at 492 million shares as compared to 430 million shares in the
last trading session. Shares of 422 companies were traded; at the end of the
day 247 stocks closed higher, 163 declined, while 12 remained unchanged. The
value of shares traded during the day was at recorded the level of PKR 13.35 billion
decreased by 7%.
Bulls
remain active in capital market; major activity witnessed in Commercial Banks,
Engineering and Textile Composite sector. In banking sector, BOP, MCB and FABL
surge by 1.34%, 1.02% and 4.86%.Respectively, on the back of attractive
valuations and robust result expectations. In Engineering Sector, DSL drop
their value by 0.77%, while ASL & MUGHAL appreciated the most and up by
0.37%, 5.00%. Moreover, Investor interest was seen in Textile Sector, ANL NCL
BTL touch their upper limits and supported the index, up by 6.93%, 2.22% &
5.00%In Addition, Cement sector surged 2% in anticipation of increase in prices
in North region by Rs15-20/bag while expectation of healthy off take numbers
for December attracted investors’ interest DCL FFC & BWCL surge by 1.41%,
1.11%, 1.12%. While, K-P govt shuts down Lucky Cement’s Pezu plant make the
script in red down by 0.54%.
Active
list was topped by DSL with 33 million shares as it closed at PKR 14.15 with a
negative change of PKR 0.11. ANL was the second highest on the volume chart
with 27 million shares closed at PKR 9.87 with a positive change of PKR 0.64.
It was followed by BOP with 22 million shares closed at PKR 18.11 with a positive
change of PKR 0.24, LOTCHEM with 20 million shares closed at PKR 8.97 with a
positive change of PKR 0.23.
Today
major trading activities were recorded in Commercial Banks Sector as it was
traded above 66 million shares followed by Engineering sector which recorded
the volume of 62 million shares whereas Textile Composite sparked at 3rd place
by trading above 56 million shares.
Highest
increase was recorded in the shares of Wyeth Pak Ltd, which rose by PKR 73.40
to PKR 5198.00 per share; followed by Pak Services, that improved by PKR 41.96
to PKR 881.29 per share. Major decline was witnessed in the shares of Ghandhara
Ind., which fell by PKR 21.43 to PKR 806.08 per share; followed by Abbott Lab,
dropped by PKR 13.11 to PKR 918.20 per share.
Factors for Today:
·
K-P govt shuts down one of Lucky
Cement’s Pezu plant
·
Cement industry posts growth of
11pc in first half of FY17
·
New gas firm to use Sui Southern
pipelines
·
Pakistan receives first cargo of
better-quality diesel
·
Bank deposits rise
Factors to watch:
·
International
Oil prices.
·
PKR
vs. US$ movement.
·
Result
Season.
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