Category: Stock & Commodity

KARACHI: The stock market ended down by 98 points on Wednesday as selling pressure continued during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,248 points as against previous day’s closing of 47,346 points, showing a decline of 98 points.

Analysts at Arif Habib Limited said that the market faced continuity of selling pressure from institutional investors that saw a decline of 311 points and closed the session -98 points.

Cement, E&P, Banks, O&GMCs and Refinery sectors bore selling pressure, whereas Technology and Steel sectors contributed positively to the Index.

Among scrips, FFL topped the volumes with 40.9 million shares, followed by WTL (30.1 million) and TPL (20.1 million).

Sectors contributing to the performance include E&P (-52 points), Tobacco (-29 points), Cement (-20 points), Textile (-11 points), Technology (+25 points) and Pharma (+12 points).

Volumes declined from 541.3 million shares to 412.2 million shares (-24 per cent DoD). Average traded value also declined by 15 per cent to reach US$ 94.2 million as against US$ 110.8 million.

Stocks that contributed significantly to the volumes include FFL, WTL, TPL, UNITY and HASCOL, which formed 30 per cent of total volumes.

Stocks that contributed positively to the index include TRG (+26 points), HBL (+25 points), AGP (+14 points), CHCC (+7 points) and PIBTL (+6 points). Stocks that contributed negatively include PAKT (-29 points), POL (-19 points), KOHC (-14 points), PPL (-12 points) and BAHL (-12 points).

KARACHI: The stock market ended down by 83 points on Tuesday in a range bound trading activity during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,346 points as against previous day’s closing of 47,429 points, showing a decline of 83 points.

Analysts at Arif Habib Limited said that the market traded range bound today, oscillating between -187 points and +236 points, closing the session with decline of 83 points.

The index went up earlier in the session that saw across the board buying activity, however, selling pressure took over later on that drove stock prices down, particularly in Power, Technology, Steel and Refinery sectors.

Banking sector remained muted with limited price uptick in HBL, whereas E&P sector saw continued selling pressure in OGDC and PPL to close below respective LDCPs.

Cement sector performed well today on the back of an increase in cement price / bag in South region. Among scrips, HASCOL led the table with 49.8 million shares, followed by WTL (48.8 million) and BYCO (29.9 million).

Sectors contributing to the performance include Power (-54 points), Technology (-35 points), Refinery (-32 points), Textile (-25 points), Vanaspati (-17 points), Banks (+49 points) and Fertilizer (+28 points).

Volumes increased from 494.5 million shares to 541.3 million shares (+9 per cent DoD). Average traded value also increased by14 per cent to reach US$ 111.2 million as against US$ 97 million.

Stocks that contributed significantly to the volumes include HASCOL, WTL, BYCO, PIAA and GGL, which formed 32 per cent of total volumes.

Stocks that contributed positively to the index include HBL (+50 points), AGP (+20 points), KOHC (+17 points), ENGRO (+17 points) and PSO (+15 points). Stocks that contributed negatively include HUBC (-48 points), TRG (-30 points), NRL (-21 points), UNITY (-17 points) and SNGP (-14 points).

KARACHI: The stock market fell by 257 points on Monday in lackluster trading activities duty the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,429 points as against last Friday’s closing of 47,686 points, showing a decline of 257 points.

Analysts at Arif Habib Limited said that post closure of financial year end, the market begin receding, resulting in a loss of 311 points during the session and closed -257 points.

Lack of obvious near term trigger caused the lackluster activity in the market whereby investors are concerned about beginning of earnings season, due to start end August.

Selling pressure was evident across the board, with focus on Cement, Steel, Technology, Refinery and E&P sectors. OGDC became exception to the selling, and saw active trading with range bound price uptick. SNGP posted its results with a dividend payout that attracted investors to build position and realized price gain. Among scrips, WTL led the table with 55.5 million shares, followed by HASCOL (39.6 million) and KEL (29.4 million).

Sectors contributing to the performance include Cement (-76 points), Technology (-23 points), E&P (-23 points), Tobacoo (-21 points), Fertilizer (-16 points) and Power (+25 points).

Volumes declined from 563.8 million shares to 494.5 million shares (-12 per cent DoD). Average traded value also declined by 6 per cent to reach US$ 97.2 million as against US$ 103.2 million.

Stocks that contributed significantly to the volumes include WTL, HASCOL, KEL, BYCO and TPL, which formed 36 per cent of total volumes.

Stocks that contributed positively to the index include HUBC (+27 points), SNGP (+12 points), EFERT (+11 points), SCBPL (+10 points) and BAFL (+9 points). Stocks that contributed negatively include LUCK (-39 points), PAKT (-21 points), ENGRO (-17 points), HBL (-17 points) and PPL (-15 points).

KARACHI: The stock market likely to perform well on expectations of growth in various accounts, including commencement of tight monetary stance.

Analysts at Arif Habib Limited said that the market to perform well in 2021/2022 on account i) robust earnings growth forecast of cement, steel and allied sectors amid strong cyclical demand driven by historic high PSDP allocation and focus on Naya Pakistan Housing scheme, ii) expectation of an Auto and Refinery policy, iii) downwards sticky oil prices supporting the E&P sector, and iv) commencement of monetary tightening which should once again garner interest in commercial banks.

The benchmark KSE-100 of Pakistan Stock Exchange (PSX) is currently trading at a PER of 6.9x (2021) compared to Asia Pac regional average of 16.5x while offering a dividend yield of ~6.9 per cent versus ~2.3 per cent offered by the region.

The market remained range bound this week with volatile trading on account of June-end closing and adjustment of portfolios. Moreover, as the debate on the Federal Budget moved towards final stages in the Parliament, some stiffness was witnessed in the political climate.

Albeit, the Budget was passed with a majority vote. The market also gained momentum on the first day of the new fiscal year, erasing previous losses. The index closed at 47,686 points, up by 0.2 per cent / 83 points WoW.

Sector-wise positive contributions came from i) Technology (105 points), ii) Pharma (68 points), iii) Food and Personal care (51 points), iv) Tobacco (22 points), and v) Insurance (14 points). Whereas, the sectors that contributed negatively include Commercial Banks (46 points), Power Generation & Distribution (44 points), Oil & Gas Exploration Companies (39 points), Oil & Gas Marketing (36 points) and Refinery (18 points). Scrip-wise positive contributors were TRG (88  points), AGP (54  points), LUCK (41  points), UNITY (37  points) and MEBL (25  points). Scrip-wise negative contributors were HBL (67  points), HUBC (65  points), UBL (38  points), OGDC (35  points) and HASCOL (34  points).

Foreign selling continued this week clocking-in at USD 8.4 million compared to a net sell of USD 7.9 million last week. Selling was witnessed in Commercial Banks (USD 3.2 million) and Other sectors (USD 1.4 million). On the domestic front, major buying was reported by Individuals (USD 13.6 million and Companies (USD 13.4 million). Average volumes arrived at 622 million shares (down by 10 per cent WoW) while average value traded settled at USD 107 million (down by 4 per cent WoW).

KARACHI: The stock market gained 445 points on Thursday as buying activities were observed on the first day of the fiscal year 2021/2022.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,801 points as against previous day’s closing of 47,356 points, showing an increase of 445 points.

Analysts at Arif Habib Limited said that the market performed well on the first day of FY22, adding a total of 487 points on the board and maintained the momentum by session’s end, closing +445 points.

Profit booking by institutions in the past couple of sessions in the wake of closing FY21 with decent returns, left the institutions with deployable funds that will likely route back to equities in the coming days.

Buying activity was observed across the board with Technology, Cement and Banking stocks contributing the most. Positive news trigger on economic front, including textile sector posting healthy export growth kept the momentum alive.

Among scrips, WTL topped the volumes with 198.7 million shares, followed by SILK (51.4 million) and TPL (48.2 million).

Sectors contributing to the performance include Cement (+102 points), E&P (+67 points), Textile (+41 points), Chemical (+34 points) and Fertilizer (+29 points).

Volumes increased from 549.6 million shares to 760.01 million shares (+38 per cent DoD). Average traded value also increased by 2 per cent to reach US$ 103 million as against US$ 101 million.

Stocks that contributed significantly to the volumes include WTL, SILK, TPL, HUMNL and PACE, which formed 48 per cent of total volumes.

Stocks that contributed positively to the index include LUCK (+65 points), PPL (+30 points), COLG (+22 points), NML (+21 points) and HBL (+19 points). Stocks that contributed negatively include MCB (-12 points), BAFL (-11 points), TRG (-7 points), ABL (-6 points) and PKGS (-5 points).

The Pakistan Stock Exchange (PSX), country’s share market, concluded the fiscal year on a positive note as the benchmark KSE-100 index surged by 218 points amidst brisk trading on Wednesday.

KARACHI: The stock market gained 135 points on Tuesday owing to positive sentiments prevailed on budget approval.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,138 points as against previous day’s closing of 47,002 points, showing an increase of 135 points.

Analysts at Arif Habib Limited said that the market traded positive today with expectation of approval of Federal Budget 2021/2022 from the Parliament.

Since the beginning of the session, the index moved up and gained 300 points in few minutes. The index added a total of 506 points during the session, and closed the session +135 points. E&P sector saw heavy selling, realizing a decline in price below LDCPs.

Technology, Banks and Steel sectors contributed positively to the market today, especially TRG which saw active buying in response to the corporate briefing held yesterday. Among scrips, SILK led the table with 69.2 million shares, followed by HASCOL (66.2 million) and WTL (55.7 million).

Sectors contributing to the performance include E&P (-93 points), Chemical (-33 points), Power (-26 points), Technology (+89 points), Banks (+71 points) and Cement (+22 points).

Volumes declined from 655.1 million shares to 581 million shares (-12 per cent DoD). Average traded value also declined by 9 per cent to reach US$ 108.8 million as against US$ 119.5 million.

Stocks that contributed significantly to the volumes include SILK, HASCOL, WTL, TPL and JSCLR1, which formed 43 per cent of total volumes.

Stocks that contributed positively to the index include TRG (+78 points), HBL (+30 points), ENGRO (+21 points), UNITY (+20 points) and MEBL (+18 points). Stocks that contributed negatively include PPL (-40 points), OGDC (-38 points), HUBC (-35 points), COLG (-29 points) and HASCOL (-13 points).

KARACHI: The stock market on Monday plunged by 601 points owing to financial year ending lead to profit booking. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,002 points as against last Friday’s close of 47,603 points, showing a decline of 601 points.

Analysts at Arif Habib Limited said that the market dipped 701 points during the session today and closed the session -601 points.

Financial year end closing for the institutional investors (Banks and Mutual Funds) prompted profit booking, especially in the aftermath of MSCI downgrade from Emerging Market to Frontier Market which can possibly result in selling from foreign corporates.

Selling pressure was witnessed across the board with emphasis on Cement, Banks, E&P sectors.

Among scrips, WTL topped the volumes with 97.7 million shares, followed by BYCO (52.4 million) and JSCLR1 (50.3 million).

Sectors contributing to the performance include Banks (-191 points), Cement (-106 points), O&GMCs (-53 points), E&P (-52 points) and Textile (-45 points).

Volumes declined from 761.4 million shares to 655.1 million shares (-14 per cent DoD). Average traded value also declined by 13 per cent to reach US$ 119.2 million as against US$ 137.5 million.

Stocks that contributed significantly to the volumes include WTL, BYCO, JSCLR1, KEL and TREET, which formed 39 per cent of total volumes.

Stocks that contributed positively to the index include TRG (+22 points), ABOT (+10 points), THALL (+8 points), ABL (+8 points) and PKGS (+8 points). Stocks that contributed negatively include HBL (-69 points), LUCK (-51 points), UBL (-43 points), HUBC (-33 points) and MCB (-24 points).