KSE-100 index gained around 2,630 points during the month of January-2021 and closed at 46,385-mark marking an increase of 6% during the month.
Pakistan stock market remained the second-best performing market in the region and seventh-best performing market in the world in January. KSE-100 January-2021 return of 6% outperformed the last 10-Yr average January return of 4%.
Investors sentiments during the month remained positive based on several factors including SBP decision to maintain Interest Rates, GDP growth prediction of above 2%, Expectations of lower inflation ahead, Increase in Industrial Production, Improved Exports level and upbeat expectations of Upcoming results season.
While majority of stocks remaine din postive direction, there were some stocks which yielded extreme returns. The stocks are mentioned below.
Share | 29-Jan-21 | 31-Dec-20 | Change |
AKD Capital | 573.09 | 186.34 | 208% |
Samin Textile | 8.85 | 3.91 | 126% |
BIPL Securities | 17.69 | 11 | 61% |
Kot Addu Power | 41.8 | 27.2 | 54% |
HI-Tech Lub. | 67.09 | 43.78 | 53% |
Fazal Cloth | 205.58 | 135 | 52% |
Silk Bank Ltd | 1.63 | 1.08 | 51% |
Lalpir Power | 19.06 | 12.82 | 49% |
Punjab Oil | 279.15 | 190.5 | 47% |
Khyber Tobacco | 636.96 | 454.67 | 40% |
TRG Pak Ltd | 127.28 | 91.41 | 39% |
Pak Hotels | 128 | 156.81 | -18% |
Shahmurad SugarXD | 87.47 | 107.87 | -19% |
Noon SugarXD | 68 | 84.09 | -19% |
Shakarganj Limited | 34.4 | 50.45 | -32% |
Gillette Pak | 338 | 554.44 | -39% |
- AKD Capital price remained upbeat as it announced an increase in its Paid-up Capital and venture into Tourism Business.
- Samin textile kept investors attention as it announced potential acquisition of up to 30% shares by a private investor along with management control.
- BIPL securities share price increased on news of potential acquisition by AKD Securities
- KAPCO signed agreement with CPPA for tariff revision. This elevated investors concern that tariff will not be renewed. As per the agreement with the government, KAPCO will recieve its net Receivables of PKR 64 billion which will improve liquidity of the company and prospects of a higher dividend payout expected up to PKR21/Share.
- Hi-Tech lubricant announced expansion of its Lubricant facility
- Silk bank announced that Fauji Group is interested in a potential acquisition of the bank
- Gillete Pakistan stock decline over Announcement of 66% right Shares. Company is raising Right shares to establish manufacturing facility in Pakistan
- Shahmurad Sugar, Noon Sugar and Shakarganj ltd announced below expected results, leading to decline in stock price
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