Category: Stock & Commodity

KARACHI: Pakistan stocks gained 240 points on Wednesday despite profit taking observed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 43,676 points from previous day’s closing of 43,436 points, showing a gain of 240 points.

READ MORE: Stocks shed 185 points amid profit taking

Analysts at Arif Habib Limited said that the stock marked observed a positive session during the day.

The KSE-100 index opened in the green zone but investors opted for profit taking in the1st trading hour.

Banking sector remained in the limelight due to major result announcements.

READ MORE: Pakistan stocks gain 764 points on Saudi help reports

Value buying was observed in the last trading hour which led the index to close in the green zone.

Sectors contributing to the performance include Technology (+116.2 points), Cement (+97.2 points), Power (+38.1 points), Engineering (+16.1 points) and Fertilizer (+13.6 points).

READ MORE: Weekly Review: stock market likely to move in positive zone

Volumes increased from 518.0 million shares to 608.0 million shares (+17.4 per cent DoD). Average traded value decreased by 31.4 per cent to reach US$ 51.8 million as against US$ 75.8 million.

Stocks that contributed significantly to the volume are KEL, WTL, HASCOL, PIA and FLYNG.

READ MORE: Weekly Review: market likely to continue positive sentiments

KARACHI: Pakistan stocks recorded a decline of 185 points on Tuesday owing to interest of investors in profit booking.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 43,437 points from previous day’s closing of 43,622 points, showing a decline of 185 points.

READ MORE: Pakistan stocks gain 764 points on Saudi help reports

Analysts at Arif Habib Limited said that the market observed a range bound session today.

The benchmark KSE-100 index opened in the positive zone although investors opted to book profit which resulted the index to close in red.

The refineries and E&P sectors remained in the limelight due to result announcement during the day.

READ MORE: Weekly Review: stock market likely to move in positive zone

Investors’ participation remained healthy whereas hefty volumes were witnessed in the 3rd tier stocks.

Sectors contributing to the performance include Miscellaneous (-58.1 points), Technology (-52.2 points), E&P’s (-25.3 points), Automobile Assemblers (-24.0 points) and OMC’s (-21.3 points).

READ MORE: Weekly Review: market likely to continue positive sentiments

Volumes decreased from 541.5 million shares to 518.0 million shares (-4.3 per cent DoD). Average traded value also decreased by 3.7 per cent to reach US$ 75.8 million as against US$ 78.7 million.

Stocks that contributed significantly to the volumes are CNERGY, FFL, UNITY, PRL and HASCOL.

READ MORE: Pakistan stocks up 671 points on continuous rupee gain

KARACHI: Pakistan stocks gained 764 points on Monday as investors took positive the news regarding monetary help from Saudi Arabia.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 43,622 points from last Friday’s closing of 42,855 points, showing a gain of 764 points.

READ MORE: Weekly Review: stock market likely to move in positive zone

Analysts at Arif Habib Limited said that bulls triumphed today with gains of 1.78 per cent to close at 43,622 points.

“Pakistan is now +22 per cent in USD terms in August and tops the global performance table during the period,” the analysts added.

KSE-100 index remained in the green zone throughout the day as value buying was witnessed across the board.

READ MORE: Weekly Review: market likely to continue positive sentiments

The investors gained confidence after news regarding monetary help from Saudi Arabia and the PKR continued its winning streak against the USD.

Volumes remained healthy in the main board although hefty volumes were witnessed in the 3rd tier stocks driving traded value to USD 78 million.

Sectors contributing to the performance include Banks (+234.6 points), Cement (+96.3 points), Technology (+67.3 points), Fertilizer (+40.3 points) and Textile Composite (33.0 points).

READ MORE: Pakistan stocks up 671 points on continuous rupee gain

Volumes increased from 373.9 million shares to 541.5 million shares (+44.9 per cent DoD). Average traded value also increased by 58.6 per cent to reach US$ 78.7 million as against US$ 49.6 million.

Stocks that contributed significantly to the volumes are KEL, PRL, WTL, TELE, and CNERGY while value leaders were TRG, LUCK and NRL

READ MORE: Pakistan stocks gain 357 points as rupee continues recovery

KARACHI: Pakistan stocks likely to move in positive zone during next week with the expectation of loan disbursement from IMF.

Analysts at Arif Habib Limited said that the market is expected to remain positive in the upcoming week.

READ MORE: Weekly Review: market likely to continue positive sentiments

With the expectation of disbursement of loan from IMF conditional upon approval from the Executive Board, the investor sentiment is expected to remain positive.

Furthermore, with the ongoing result season, certain sectors and scrips are likely to remain in the limelight in anticipation of strong results.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 4.4x (2022) compared to Asia Pac regional average of 12.5x while offering a dividend yield of 8.8 per cent versus 2.8 per cent offered by the region.

READ MORE: Pakistan stocks up 671 points on continuous rupee gain

The three-day week commenced on a positive note amid optimism over the disbursement of IMF loan in the coming weeks, which will further bring in loans and investments from friendly countries and international financial institutions.

Furthermore, Pak Rupee strengthened again this week against the greenback, appreciating by PKR 8.55/ USD (3.82 per cent) WoW to close at PKR 215.49.

 Moreover, investor confidence further improved after Pakistan received letter of intent from IMF (which indicates disbursement of a USD 1.7bn tranche for the combined seventh and eighth review). The market closed at 42,858 points, gaining 761 points (up by 1.8 per cent) WoW.

READ MORE: Pakistan stocks gain 357 points as rupee continues recovery

Sector-wise positive contributions came from i) Banks (224 points), ii) E&Ps (205 points), iii) Power (84 points), iv) Automobile Assembler (55 points) and v) OMCs (53 points). Whereas, sectors which contributed negatively were i) Cement (23 points) and ii) Tobacco (15 points).

Scrip-wise positive contributors were OGDC (79 points), PPL (69 points), MEBL (67 points), POL (56 points) and HUBC (52 points). Meanwhile, scrip-wise negative contribution came from PSEL (63 points), NESTLE (17 points), EPCL (16 points) and PAKT (15 points).

READ MORE: Pakistan stocks up 877 points on massive rupee appreciation

Foreigners selling continued this week, clocking in at $ 0.9 million compared to a net sell of $ 0.7 million last week. Major selling was witnessed in Banks ($ 1.6 million) and Cement ($ 1.3 million). On the local front, buying was reported by Individuals ($ 5.1 million) followed by Other Organizations ($ 0.4 million).

Average volumes clocked in at 343 million shares (up by 31 per cent WoW) while average value traded settled at $ 48 million (up by 41 per cent WoW).

READ MORE: Pakistan stocks end in green on rupee recovery

KARACHI: Pakistan stocks ended up by 614 points on Friday as the country received Letter of Intent (LoI) for IMF loan.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 42,857 points from previous day’s closing of 42,243 points, showing the gain of 614 points.

READ MORE: Pakistan stocks shed 252 points in range bound session

Analysts at Arif Habib Limited said that the market opened in the positive zone although investors’ participation remained dull throughout the opening session.

“The bulls made a comeback in the second session for value hunting across the board after Pakistan received the letter of intent from the International Monetary Fund for the extended fund facility.”

READ MORE: Pakistan stocks gain 400 points amid positive sentiments

Main board volumes continued to remain healthy although hefty volumes were witnessed in the 3rd tier stocks.

Sectors contributing to the performance include Banks (+149.3 points), E&P’s (+115.2 points), Automobile Assemblers (+46.3 points), Fertilizer (+40.3 points) and OMC’s (37.5 points).

READ MORE: Weekly Review: market likely to continue positive sentiments

Volumes increased from 281.7 million shares to 373.9 million shares (+32.7 per cent DoD). Average traded value also increased by 36.1 per cent to reach US$ 49.3 million as against US$ 36.2 million.

Stocks that contributed significantly to the volumes are CNERGY, WTL, PRL, HASCOL and LOTCHEM.

READ MORE: Pakistan stocks up 671 points on continuous rupee gain

KARACHI: Pakistan stocks ended down by 252 points on Thursday as a range bound session was witnessed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,242 points from previous day’s closing of 42,495 points, showing a decline of 252 points.

READ MORE: Pakistan stocks gain 400 points amid positive sentiments

Analysts at Arif Habib Limited said that a range bound session was observed at the stock market.

The benchmark KSE-100 index opened in the positive zone but sluggish activity was witnessed as investors opted for profit taking in the last trading hour which led the index to close in the red zone.

Volumes remained decent in the main board although hefty volumes were witnessed in the 3rd tier stocks.

READ MORE: Weekly Review: market likely to continue positive sentiments

Sectors contributing to the performance include Banks (-81.1 points), Fertilizer (-47.3 points), Technology (-43.1 points), Cement (-20.9 points) and E&P’s (-20.8 points).

READ MORE: Pakistan stocks up 671 points on continuous rupee gain

Volumes decreased from 373.2 million shares to 281.7 million shares (-24.5 per cent DoD). Average traded value also decreased by 41.1 per cent to reach US$ 35.6 million as against US$ 60.5 million.

Stocks that contributed significantly to the volumes are UNITY, KEL, WTL, CNERGY and GGL.

READ MORE: Pakistan stocks gain 357 points as rupee continues recovery

KARACHI: Pakistan stocks have gained around 400 points on Wednesday owing to positive sentiments prevailed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,495 points from last trading on August 05, 2022 of 42,096 points, showing an increase of 399 points.

READ MORE: Weekly Review: market likely to continue positive sentiments

Analysts at Arif Habib Limited said that the PSX witnessed a positive session on Wednesday August 10, 2022.

“The KSE-100 index traded in the green zone throughout the day as investors opted for value hunting across the board,” they added.

READ MORE: Pakistan stocks up 671 points on continuous rupee gain

The E&P sector remained in the limelight following the rumors of circular debt resolution by the government. Investors participation remained healthy as hefty volumes were witnessed in the main board and 3rd tier stocks.

Sectors contributing to the performance include Banks (+156.4 points), E&P (+108.0 points), Fertilizer (+56.1 points), Power (+55.0 points) and Technology (+42.7 points).

READ MORE: Pakistan stocks gain 357 points as rupee continues recovery

Volumes decreased from 406.7 million shares to 373.2 million shares (-8.2 per cent DoD). Average traded value increased by 13.7 per cent to reach US$ 59.6 million as against US$ 52.4 million.

Stocks that contributed significantly to the volumes are CNERGY, PRL, TPLP, LOTCHEM and WTL.

READ MORE: Pakistan stocks up 877 points on massive rupee appreciation

KARACHI: Pakistan stocks likely to extend gains during next week on recent announcement of the International Monetary (IMF) regarding disbursement.

Analysts at Arif Habib Limited said that the market to remain in the green zone given hopes on loan disbursement from IMF once approval is granted by the Executive Board.

READ MORE: Pakistan stocks up 671 points on continuous rupee gain

Moreover, with the ongoing result season, certain sectors and scrips are expected to stay under the limelight given anticipation of robust results.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 4.3x (2022) compared to Asia Pacific regional average of 12.5x while offering a dividend yield of 8.9 per cent versus 2.8 per cent offered by the region.

READ MORE: Pakistan stocks gain 357 points as rupee continues recovery

The market commenced on a negative note this week given inflation for the month of July 2022 came in at 24.9 per cent. Whereas, the sentiment turned positive after IMF announced that Pakistan had fulfilled the last remaining pre-requisite for the IMF loan (incremental hike in petroleum development levy on MS and HSD).

With this renewed hope, the Pak Rupee strengthened against greenback, gaining Rs15.33 | 6 per cent WoW to close at Rs224.04 this week.

Furthermore, trade deficit significantly declined in July 2022, down by 47 per cent MoM. Moreover, reduction in international oil prices post OPEC+ meeting (WTI trading below $88 per barrel compared to $98.62 per barrel last week) further cemented the ground for bulls.

READ MORE: Pakistan stocks up 877 points on massive rupee appreciation

Albeit, the local bourse closed at 42,096 points, gaining 1,946 points (up by 4.9 per cent) WoW.

Sector-wise positive contributions came from i) Banks (427 points), ii) Cement (421 points), iii) Fertilizer (112 points), iv) Chemical (111 points) and v) OMCs (106 points).

Whereas, sectors which contributed negatively were i) Close-End Mutual Fund (3 points) and ii) Real Estate Investment Trust (1 point). Scrip-wise positive contributors were LUCK (155 points), UBL (124 points), MCB (87 points), PSO (78 points) and COLG (73 points). Meanwhile, scrip-wise negative contribution came from FABL (10 points), MARI (6 points), ILP (4 points) and AICL (3 points).

READ MORE: Pakistan stocks end in green on rupee recovery

Foreigners selling was witnessed this week, clocking in at $0.69 million compared to a net buy of $0.57 million last week. Major selling was witnessed in Banks ($0.9 million) and Fertilizer ($0.6 million).

On the local front, buying was reported by Brokers Proprietary ($2.2 million) followed by Mutual Funds ($1.6 million). Average volumes clocked in at 263 million shares (up by 75 per cent WoW) while average value traded settled at $34 million (up by 56 per cent WoW).

READ MORE: Pakistan stocks end down 74 points

Karachi: In a notable development, Pakistan stocks experienced a bullish trend, closing 671 points higher on Friday as the Pakistani Rupee continued its recovery against the US Dollar.

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