Category: Stock & Commodity

KARACHI: Pakistan stocks fell by 242 points on Monday due to delay in talks with International Monetary Fund (IMF) and rescheduling of Saudi Prince visit.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell to 42,851 points from last Friday’s closing of 43,093 points, showing a decline of 242 points.

READ MORE: Weekly Review: investors may stay cautious on political uncertainty

Analysts at Topline Securities said that Pakistan equities commenced the week on a negative note on the backdrop of delay in Pakistan and IMF talks, rescheduling of Saudi Crown Prince’s visit and a rally on global commodity front where international oil prices were trading up over 3 per cent.

READ MORE: Stocks continues to gain on foreign inflow expectations

Meanwhile analysts at Arif Habib Limited said that the benchmark KSE-100 index started the week off poorly. The market started off in the red and proceeded to trade in the same range reaching an intraday low of 42,761.88 points due to lack of investors’ participation.

Mainboard activity remained flat as the 3rd tier stocks continued to be the volume leaders.

READ MORE: Pakistan equities gain 636 points on AIIB fund inflow

Sectors contributing to the performance include E&P’s (-86.5 points), Cement (-38.4 points), Fertilizer (-37.2 points), Commercial Banks (-37.0 points) and Miscellaneous (-31.3 points).

Volumes decreased from 232.8 million shares to 185.5 million shares (-20.3 per cent DoD). The average traded value also decreased by -21.1 per cent to USD 27.14 million as against USD 31.3 million.

Stocks that contributed significantly to the volumes are HASCOL, PTC, LOTCHEM, TRG and WTL.

READ MORE: Pakistan equities extend gain amid inflows expectations

KARACHI: Investors of Pakistan stocks may stay cautious during next week due to political uncertainty, analysts said. The analysts at the Arif Habib Limited said that the market is expected to remain range bound in the upcoming week as the participants will remain cautious due to the political noise in the country.

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KARACHI: Pakistan equities have recorded jump of 636 points on Monday on reports of fund inflow from Asia Infrastructure Bank (AIIB).

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,901 points from last trading of 42,265 on November 08, 2022, showing a gain of 636 points.

READ MORE: Pakistan equities extend gain amid inflows expectations

The stock market was remained closed on November 09, 2022 due to public holiday announced by the government on the occasion of Iqbal Day.

Analysts at Topline Securities said that Pakistan equities had witnessed a bullish momentum during the day. The KSE-100 index initially opened in a green zone, stayed positive throughout the day and eventually settled at 42,901 for the day.

READ MORE: Pakistan stocks up 191 points on inflows expectations

The aforesaid sentiment is attributed to easing off on the global energy commodity front where international oil and coal prices came down which lured investors’ interest toward cyclical stocks especially listed construction sector.

In addition to this, finance minister’s announcement of arrival of Asia Infrastructure Investment Bank’s (AIIB) co-financing of US$500 MILLION (under Building Resilience with Active Counter-cyclical Expenditure (BRACE) program of ADB) by the end of the month also supported market sentiment.

READ MORE: Weekly Review: investors may cautious over political noise

During the day, Tech, Bank & E&P sector stocks contributed positively to the index where TRG, MEBL, OGDC, PPL & BAFL added 278 points, cumulatively. On the flip side, PSEL, RMPL and FATIMA have witnessed some profit taking as they lost 52 points collectively, today.

Over 293 million shares traded today at the bourses while total value clocked in at Rs 10.2 billion. HASCOL led the volumes chart today with trading of 41.5 million shares in it, during the day.

READ MORE: Weekly Review: stocks to stay uncertain over PTI’s Long March

KARACHI: Pakistan equities extended gain on Tuesday amid positive sentiments prevailed over expectation of inflows from China and Saudi Arabia.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 42,265 points from previous day’s closing of 42,047 points, showing a gain of 218 points.

READ MORE: Pakistan stocks up 191 points on inflows expectations

Analysts at Topline Securities said that the market continued its yesterday positive momentum over expectation of rollover of $13 billion upcoming debt payment from China and Saudi Arabia further investors also cheered decline in international coal prices which led the Cement sector to remain in limelight.

Meanwhile, the analysts at Arif Habib Limited said that the market witnessed another range bound session during the day.

READ MORE: Weekly Review: investors may cautious over political noise

The market opened in the positive zone continuing its momentum from the previous close as investors’ participation remained sluggish throughout the trading session.

Investors continued value hunting across the board although the cement sector remained in the limelight due to international coal prices plummeting.

READ MORE: Weekly Review: stocks to stay uncertain over PTI’s Long March

Sectors contributing to the performance include Commercial Banks (+97.9 points), Cement (+61.6 points), Fertilizer (+43.2 points), E&P’s (+40.3 points) and Automobile Assembler (+26.7 points).

Volumes decreased from 240.2 million shares to 237.4 million shares (-1.2 per cent DoD). The average traded value increased by 6.5 per cent to $ 26.2 million as against $ 24.6 million.

Stocks that contributed significantly to the volumes are FFL, WTL, CNERGY, HASCOL and HBLTETF.

READ MORE: Pakistan stocks fall amid attack on ex-PM

KARACHI: Pakistan’s stocks witnessed a robust start to the week, with the benchmark KSE-100 index closing 191 points higher on Monday. The market rallied on optimism surrounding expected monetary inflows from China and Saudi Arabia.

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KARACHI: Pakistan stocks likely stay range bound during next week as investors remain cautious over political noise.

Analysts at Arif Habib Limited said that the market would remain range bound in the upcoming week as the participants would remain cautious due to the political noise in the country.

Furthermore, any positive outcome of IMF’s ninth review can aid the index.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 4.0x (2023) compared to Asia Pac regional average of 12.4x while offering a dividend yield of 10.2 per cent versus 2.9 per cent offered by the region.

READ MORE: Weekly Review: stocks to stay uncertain over PTI’s Long March

The market commenced on a positive note this week. The momentum continued throughout the week with the PMs visit to China.

Furthermore, the country’s trade deficit narrowed down by 26.59 per cent to $ 11.469 billion during the first four months of the current fiscal year compared to $ 15.624 billion during the same period of last year.

The Pak Rupee was slightly up against the greenback, closing at PKR 221.95 (up by 0.2 per cent WoW). In addition to this, SBP reserves went up to $ 8.9 billion this week, up by $ 1.5 billion compared to $ 7.44 billion on October 14, reflecting inflows from Asian Development Bank (ADB).

However, towards the end of the week, the market went down due to an attack on the ex-PM Imran Khan. The market closed at 41,856 points, gaining 716 points (up by 1.7 per cent) WoW.

READ MORE: Pakistan stocks fall amid attack on ex-PM

Sector-wise positive contributions came from i) Technology & Communication (168 points), ii) Oil & Gas Exploration Companies (144 points), iii) Fertilizers (107 points), iv) Power Generation & Distribution (85 points) and v) Cement (66 points).

Whereas, sectors which contributed negatively were i) Insurance (10 points), ii) Food & Personal Care Products (9 points), and iii) Paper & Board (8 points). Scrip-wise positive contributors were TRG (101 points), POL (89 points), HUBC (74 points), SYS (53 points) and ENGRO (43 points).

Meanwhile, scrip-wise negative contribution came from MEBL (31 points), NESTLE (15 points), HBL (12 points), PSEL (12 points) and AICL (10 points).

Foreigners selling was witnessed during this week, clocking in at $ 1.58 million compared to a net buy of $ 0.97 million last week.

Major selling was witnessed in Banks ($ 0.9 million), Fertilizer ($ 0.8 million) and other sectors ($ 0.3 million).

On the local front, buying was reported by Individuals Funds ($ 4.7 million) followed by Banks ($ 0.8 million). Average volumes clocked in at 229 million shares (up by 7 per cent WoW) while average value traded settled at $ 25 million (down by 11 per cent WoW).

READ MORE: KSE-100 index gains 146 points in mixed trading session

KARACHI: Pakistan stocks fell on Friday due to uncertainty after an attack on former Prime Minister Imran Khan a day earlier.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,856 points from previous day’s closing of 42,092 points, showing a decline of 234 points.

READ MORE: KSE-100 index gains 146 points in mixed trading session

Analysts at Arif Habib Limited said that a negative session was observed at the stock market during the day.

Due to the ongoing political uneasiness, the market tanked as soon as the bell rang and kept losing ground during both sessions, which caused investors to shy away from the equity market, drying up volumes across the board while third-tier equities continued to garner attention.

READ MORE: Pakistan stocks gain as investors hope good from PM China visit

Sectors contributing to the performance include Technology & Communication (-55.4 points), Cement (-55.8 points), Commercial Banks (-22.3 points), E&P’s (-23.7 points) and Pharmaceuticals (-25.3 points).

READ MORE: Bulls return as benchmark index gain 544 points

Volumes decreased from 325.7 million shares to 298.1 million shares (-8.5 per cent DoD). The average traded value also decreased by -24.2 per cent to USD 24.6 million as against USD 32.4 million.

Stocks that contributed significantly to the volumes are HASCOL, WTL, SSGC, DCL and CNERGY.

READ MORE: Stocks end positive amid political unrest

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 146 points on Thursday in mixed trading session during the day.

The index ended at 42,091 points from previous day’s closing of 41,945 points, showing a gain of 146 points.

READ MORE: Pakistan stocks gain as investors hope good from PM China visit

Analysts at Arif Habib Limited said that a positive session was witnessed at the PSX today continuing the favorable momentum from the previous close.

Despite opening in the red territory the market bounced back and made an intraday high of 288.87 points as investors opted for value hunting in the main board.

READ MORE: Bulls return as benchmark index gain 544 points

Healthy volumes were recorded across the board, on the contrary 3rd tier stocks remained volume leaders.

Sectors contributing to the performance include Technology & Communication (+67.9 points), E&P’s (+26.4 points), Commercial Banks (17.7 points), Cement (+14.4 points) and Pharmaceuticals (+8.7 points).

READ MORE: Stocks end positive amid political unrest

Volumes increased from 230.5 million shares to 325.7 million shares (+41.3 per cent DoD). The average traded value also increased by 15.1 per cent to USD 32.5 million as against USD 28.2 million.

Stocks that contributed significantly to the volumes HACOL, WTL, GGL, DCL and CNERGY.

READ MORE: Weekly Review: stocks to stay uncertain over PTI’s Long March