Author: Mrs. Anjum Shahnawaz

KARACHI: The equity market gained 538 points on Friday after investors have shown interest in banking and fertilizers scrips.

The Index closed at 30,667 points as against 30,130 points showing an increase of 538 points.

Analysts at Arif Habib Limited said that the market carried the momentum showed yesterday and opened with a large stride of +716 points having fetched 1.5 million shares.

Fertilizer, E&P and Banking sectors turned out to be major avenues where investors took interest. International crude prices also went up overnight and traded +3 percent that helped E&P scrips hitting upper circuit.

During the session the index oscillated between -226 points and +798 points, closing +538 points. Cement sector topped the volumes with 58.7 million shares followed by Banks (31.1 million) and Power (28.6 million).

Among scrips, KEL posted trading volumes of 23.4 million shares, followed by MLCF (16.6 million) and BOP (15 million).

Sectors contributing to the performance include E&P (+250 points), Banks (+203 points), Fertilizer (+138 points), Power (+52 points), Tobacco (+24 points), Cement (-46 points), Textile (-38 points).

Volumes declined from 308.3 million shares to 245.0 million shares (-21 percent DoD). Average traded value also declined by 16 percent to reach US$ 53.4 million as against US$ 63.7 million.

Stocks that contributed significantly to the volumes include KEL, MLCF, BOP, FCCL and UNITY, which formed 34 percent of total volumes.

Stocks that contributed positively to the index include ENGRO (+107 points), HBL (+106 points), OGDC (+83 points), PPL (+83 points) and POL (+52 points). Stocks that contributed negatively include DAWH (-30 points), SNGP (-21 points), NML (-19 points), MEBL (-18 points), and MLCF (-16 points).

KARACHI: The share market witnessed sixth lower lock in second week of bear run on Thursday. However, it trims losses later in the day by losing 286 points at the closing bell.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 30,130 points as against 30,416 points showing a decline of 286 points (-0.9 percent DoD).

Analysts at Arif Habib Limited said that the market witnessed the 6th halt today when the benchmark KSE100 index dropped 1,562 points, having traded 8.5 million shares.

Overall the index lost 1964 points during the session, reaching 28,452 points, and rebounded to erase all the losses and trading 100 points green for a while, only to resume selling later on.

The index closed 286 points down from LDCP. Buying activity was largely observed in Fertilizer, Banking and Oil & Gas sector. Cement sector also saw buying activity initially which brought the cement sector scrips from lower lock to tradable range, however, selling activity brought these stocks back to lower circuits.

Cement sector led the volumes with 48.8 million shares, followed by Banks (43.3 million) and Power (36.9 million). Among scrips, KEL topped the volumes with 22.1 million, followed by UNITY (19.3 million) and BOP (18.8 million).

Sectors contributing to the performance include Cement (-179 points), Power (-104 points), O&GMCs (-55 points), Textile (-53 points), Food (-48 points), Fertilizer (215 points), Banks (115 points).

Volumes increased from 186.6 million shares to 308.3 million shares (+65 percent DoD). Average traded value also increased by 90 percent to reach US$ 63.8 million as against US$ 33.5 million.

Stocks that contributed significantly to the volumes include KEL, UNITY, BOP, FCCL and MLCF, which formed 30 percent of total volumes.

Stocks that contributed positively to the index include FFC (+91 points), ENGRO (+81 points), MCB (+66 points), BAHL (+52 points) and EFERT (+46 points). Stocks that contributed negatively include HUBC (-95 points), LUCK (-85 points), UBL (-65 points), NESTLE (-50 points), and DGKC (-26 points).

KARACHI: The equity market fell by over 2200 points or 6.7 percent on Wednesday as investors disappointed over lower than expected rate cut by the central bank.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 30,416 points as against 32,617 points showing a decline of 2201 points.

Analysts at Arif Habib Limited said that the market showed its disappointment to SBP’s Policy Rate cut in full force.

Market halt activated at -1683 points 10:17 PM with 57 million shares, an reopened at -1731 points with 66 million shares traded on KSE100.

Situation worsened over the time and majority of stocks hit lower circuits, causing the Index to plunge by a total of 2238 points during the session.

Market closed -2201 points. Although international markets traded positive yesterday but the Futures of respective indices failed to maintain the momentum, which also caused investors to stay cautious. Banking sector registered trading volume of 32.8 million shares, followed by Power (31 million) and Cement (22.7 million).

Among scrips, KEL topped the volumes with 25.5 million shares, followed by BOP (19.5 million) and HIFA (9.1 million).

Sectors contributing to the performance include Banks (-582 points), Fertilizer (-320 points), E&P (-292 points), Cement (-198 points) and Power (-164 points).

Volumes declined from 240.4 million shares to 186.7 million shares (-23 percent DoD). Average traded value also declined by 53 percent to reach US$ 33.5 million as against US$ 71.3 million.

Stocks that contributed significantly to the volumes include KEL, BOP, HIFA, MLCF and UNITY, which formed 36 percent of total volumes.

Stocks that contributed negatively include HBL (–145 points), ENGRO (-143 points), HUBC (-121 points), MCB (-105 points), and FFC (-101 points).