Pakistan equities experienced a dip of 168 points in a day marked by range-bound trading activities, reflecting the prevailing volatility in the market.
(more…)Category: Stock & Commodity
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Pakistan stock brokers seek tax incentives
ISLAMABAD: Pakistan Stockbrokers Association on Wednesday proposed tax incentives on capital gain and investment in stock market.
Federal Minister for Finance and Revenue Shaukat Tarin held a meeting with a delegation of Pakistan Stockbrokers Association led by its Vice Chairman Zahid Latif Khan at Finance Division.
The delegation apprised the Finance Minister of certain issues and challenges impeding the growth of Capital market in Pakistan and sought support of government to resolve their issues.
They requested for providing tax incentives on Capital gain and investment in stock exchange.
Finance Minister Shaukat Tarin said that government is encouraging investment and enlisting of entities in the stock exchange.
He further assured the delegation his support to resolve their issues and for growth of Capital market in Pakistan.
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Pakistan stocks gain 256 points on easing oil prices
KARACHI: Pakistan stocks gained 256 points on Wednesday owing to ease in oil prices in the international markets.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,976 points as against previous day’s close of 43,720 points, showing an increase of 256 points.
READ MORE: Pakistan equities gain 353 points as oil prices ease
Analysts at Topline Securities said that Pakistan equities witnessed a green day today as the KSE-100 index opened on a positive note and remained in the green zone throughout the trading hours.
This was due to opposition parties announced a couple of days delay in their protest at Islamabad, easing off on the global commodities prices front and news flow regarding dialogues between the Russia/Ukraine officials.
READ MORE: Pakistan stocks shed 286 points on political unrest
During the day, the benchmark index made an intraday high at 44,281 level (+561 points; up 1.2 per cent) before settling at 43,976 level.
Analysts at Arif Habib Limited said that green session was witnessed today due to decline in international commodity prices. Cement sector stayed in the green zone due to major drop in international coal prices.
Main board activity remained dull as investors remained cautious due to prevailing political noise. In the last trading hour, across the board buying was observed.
READ MORE: Weekly Review: market likely to stay range bound
Sectors contributing to the performance include Technology (+87.7 points), Cement (+76.1 points), Banks (+42.6 points), Textile Composite (+18.5 points) and Power (+18.1 points).
Volumes increased from 189.0 million shares to 236.5 million shares (+25.1 per cent DoD). Traded value also increased by 23.6 per cent to reach US$ 32.3 million as against US$ 26.1 million.
Stocks that contributed significantly to the volumes include FLYINGR1, WTL, TREET, TPLP AND PAELR.
READ MORE: Pakistan stocks dip 200 points on political uncertainty
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Pakistan equities gain 353 points as oil prices ease
KARACHI: Pakistan equities gained 353 points on Tuesday owing to decline in oil prices in the international markets.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,720 points as against previous day’s closing of 43,367 points, showing an increase of 352.93 points.
READ MORE: Pakistan stocks shed 286 points on political unrest
Analysts at Topline Securities said that Pakistan equities closed on a positive note as benchmark KSE-100 Index settled at 43,719 level (up 0.81 per cent).
Market open on a positive note over decline in international oil prices as market make an intraday high of 426 points.
Major contributors in today’s trading session were HUBC, LUCK, TRG and SYS cumulatively added 150 points in KSE100 Index further investor’s interest also witnessed in Financial sector where HBL, MCB and BAHL closed higher.
READ MORE: Weekly Review: market likely to stay range bound
Analysts at Arif Habib Limited said that another Lackluster session was observed today due to political noise. Market opened in the green zone and stayed positive throughout the day.
Main board activity continued to remain sluggish, whereas market witnessed hefty volumes in the 3rd tier stocks. In the last trading hours buying was observed across the board.
READ MORE: Pakistan stocks dip 200 points on political uncertainty
Sectors contributing to the performance include Cement (+75.9 points), Power (+68.1 points), Technology (+55.3 points), Banks (+39.5 points) and OMC’s (+26.49 points).
Volumes increased from 115.1 million shares to 189.0 million shares (+64.2 per cent DoD). Traded value also increased by 28.6 per cent to reach US$ 26.2 million as against US$ 20.3 million.
Stocks that contributed significantly to the volumes include TELE, TPLP, TREET, WTL AND SSGC.
READ MORE: Pakistan stocks gain 810 points on sharp dip in oil prices
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Pakistan stocks shed 286 points on political unrest
KARACHI: Pakistan stock lost 286 points on Monday owing to ongoing political unrest in the country and higher commodity prices in the international markets.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,367 points as against 43,653 points, showing a decrease of 286 points.
READ MORE: Weekly Review: market likely to stay range bound
Analysts at Arif Habib Limited said that range bound session was observed today due to political unrest.
Market opened in the green zone and stayed volatile throughout the day. Main board activity remained dull.
On the flip-side, activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks. In the last trading hour, across the board selling was witnessed which led the index to close in the red zone.
READ MORE: Pakistan stocks dip 200 points on political uncertainty
Analysts at Topline Securities said that Pakistan equities closed on a negative note where lackluster activity has been witnessed at the bourse. Uncertainty over Local politics and higher international commodities prices kept the investor confidence in check.
Investors interest mostly witnessed in Fertilizers sector over increasing urea prices where EFERT,FFC and FFBL closed on a higher note.
READ MORE: Pakistan stocks gain 810 points on sharp dip in oil prices
PSX recorded 20-month lowest volume of 114 million shares today. Last seen on Jun 05, 2020 of 89 million shares.
Sectors contributing to the performance include E&P (-57.7 points), Banks (-56.7 points), Cement (-56.5 points), Technology (-52.2 points) and Power (-29.0 points).
READ MORE: Stocks gain 165 points on unchanged monetary policy
Volumes decreased from 149.3 million shares to 115.1 million shares (-22.9 per cent DoD). Traded value also decreased by 30.8 per cent to reach US$ 20.4 million as against US$ 29.4 million.
Stocks that contributed significantly to the volumes include FLYNGR1, PAELR3, GGL, TELE and TPLP.
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Weekly Review: market likely to stay range bound
KARACHI: The stock market likely stay range bound during next week owing to political uncertainties after no-confidence motion against the prime minister.
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Pakistan stocks dip 200 points on political uncertainty
KARACHI: Pakistan stocks declined by 200 points on Friday due to political uncertainty and high commodity prices.
The benchmark KSE-100 index closed at 43,653 points as against previous day’s closing of 43,853.62 points, showing a decrease of 200 points.
READ MORE: Pakistan stocks gain 810 points on sharp dip in oil prices
Analysts at Arif Habib Limited said that range bound session was observed today due to political unrest and overheated commodities cycle.
Market opened in the green zone and stayed volatile throughout the day.
READ MORE: Stocks gain 165 points on unchanged monetary policy
Main board activity remained gloomy. On the flip-side, activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks. In the last trading hour, across the board selling was witnessed.
Sectors contributing to the performance include Commercial Banks (-43.0 points), E&P (-42.0 points), Cement (-40.1 points), Power (-30.0 points) and OMC’s (-19.5 points).
READ MORE: KSE-100 index sheds 389 points in volatile trading
Volumes decreased from 271.9 million shares to 149.3 million shares (-45.1 per cent DoD). Traded value also decreased by 29.7 per cent to reach US$ 29.5 million as against US$ 42.0 million.
Stocks that contributed significantly to the volumes include TPLP, PAELR3, TPL, UNITY and FLYNGR1.
Analysts at Topline Securities said that range bound activity was observed at the exchange today during the first trading session, as the index juggled between positive and negative zone.
READ MORE: Pakistan stocks nosedive on world oil, political unrest
However pressure was observed in the second half of trading session, as investor preferred to reduce their exposure in the market before the weekend given ongoing local political uncertainty and volatility in commodity prices on the backdrop of Russia Ukraine armed conflict.
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Pakistan stocks gain 810 points on sharp dip in oil prices
KARACHI: Pakistan stocks gained 810 points on Thursday owing to massive decline in international oil prices.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,854 points as against previous day’s closing of 43,043 points showing an increase of 810 points.
READ MORE: Stocks gain 165 points on unchanged monetary policy
Analysts at Arif Habib Limited said that the market opened positive and stayed in the green zone throughout the day due to decline in international commodity prices.
The oil prices in the international markets fell sharply and recorded 13 per cent decline in a single day in last two years. The oil prices remained volatile since start of Russia-Ukraine war on February 24, 2021.
Moreover, Investors opted for an accumulation across the board specially in the cement stocks. Volumes remained dull.
READ MORE: KSE-100 index sheds 389 points in volatile trading
KSE 100 index closed 810 points up, value buying was observed in the last trading hour.
Sectors contributing to the performance include Cement (+217.5 points), Commercial Banks (+199.4 points), Technology (128.1 points), Automobile Assembler (+41.5 points) and Textile Composite (+33.6 points).
READ MORE: Pakistan stocks nosedive on world oil, political unrest
Volumes increased from 183.7 million shares to 271.9 million shares (+48.0 per cent DoD). Traded value also increased by 23.6 per cent to reach US$ 42.0 million as against US$ 34.0 million.
Stocks that contributed significantly to the volumes include PAELR3, TPLP, WTL, FLYNGR1 and GGL.
READ MORE: Weekly Review: market to remain jittery
Analysts at Topline Securities said that Pakistan equities closed on a positive note where benchmark KSE100 Index settled at 43,854 level (up 1.88 per cent).
Following international markets and decline in international commodities prices, KSE100 Index opened gap up and remained positive throughout the day where market make an intraday high of 878 points, they added.
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Stocks gain 165 points on unchanged monetary policy
KARACHI: Pakistan stocks gained 165 points on Wednesday owing to positive sentiments following unchanged monetary policy announced a day earlier.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,043 points as against previous day’s closing of 42,878 points, showing an increase of 165 points.
READ MORE: KSE-100 index sheds 389 points in volatile trading
Analysts at Arif Habib Limited said that the market stayed in the green zone today as the State Bank of Pakistan (SBP) kept the policy rate unchanged at 9.75 per cent in March 2022 Monetary Policy meeting.
The central bank held its benchmark interest rate steady for the second meeting in a row as inflationary concerns cooled a bit, but it did hint at the possibility of an early huddle in case any economic fallout of Russia-Ukraine war spills over into the country. Cement sector stayed in the red zone due to mounting international coal prices. In the last trading hour, value buying was observed.
READ MORE: Pakistan stocks nosedive on world oil, political unrest
Sectors contributing to the performance include Technology (+74.6 points), Fertilizer (+63.0 points), E&P (18.1 points), Cement (+12.5 points) and Automobile & Parts (+5.8 points).
READ MORE: Weekly Review: market to remain jittery
Volumes decreased from 226.1 million shares to 183.7 million shares (-18.8 per cent DoD). Traded value also decreased by 14.8 per cent to reach US$ 34.0 million as against US$ 39.9 million.
Stocks that contributed significantly to the volumes include GGL, PIBTL, TPLP, TELE and TPL.
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KSE-100 index sheds 389 points in volatile trading
The Pakistan Stock Exchange (PSX) witnessed a turbulent session on Tuesday, with the benchmark KSE-100 Index dropping by 389 points, closing at 42,878 points, down from the previous day’s close of 43,267 points.
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