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Category: Stock & Commodity

  • Stocks shed 164 points on IMF review delay

    Stocks shed 164 points on IMF review delay

    KARACHI: Pakistan stocks fell by 164 points on Thursday due to delay in review of International Monetary Fund (IMF) program.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,820 points from previous day’s closing of 42,984 points, showing a gain of 164 points.

    READ MORE: Pakistan equities gain 187 points in mixed trading session

    Analysts at Arif Habib Limited said that another range-bound session was witnessed at the PSX during the day.

    The market opened in the positive zone however, due to the rupee-dollar parity and delayed 10th review of the IMF Program snapped investors’ confidence resulting in the index losing 214.38 points at the intraday low and closing in the red.

    READ MORE: Pakistan stocks end down amid profit taking

    Investor participation remained slow while 3rd tier scrips generated the most volumes.

    Sectors contributing to the performance include Technology & Communication (-28.0 points), Oil & Gas Marketing Companies (-27.1 points), E&P’s (-25.2 points), Food & Personal Care Products (-18.8 points), Vanaspati & Allied Industries (-12.6 points).

    READ MORE: Pakistan stocks shed 242 points over delay in IMF talks

    Volumes decreased from 186.7 million shares to 181.2 million shares (-2.9 per cent DoD). The average traded value also decreased by 7.7 per cent to USD 27.7 million as against USD 29.9 million.

    Stocks that contributed volumes significantly are BIPL, UNITY, TELE, GCIL, and WTL.

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

  • Pakistan equities gain 187 points in mixed trading session

    Pakistan equities gain 187 points in mixed trading session

    KARACHI: Pakistan stock gained 187 points on Wednesday in a mixed trading session during the day.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,984 points from previous day’s closing of 42,979 points, showing an increase of 187 points.

    READ MORE: Pakistan stocks end down amid profit taking

    Analysts at Topline Securities said that Pakistan equities had a range bound day today.

    The KSE-100 index initially opened in a green zone but succumbed to selling pressure as Pakistan Credit Default Swap (CDS) further increased to 75.50 per cent.

    READ MORE: Pakistan stocks shed 242 points over delay in IMF talks

    This development put some weigh on market sentiments which directed index towards intraday low at 42,729 (-68 points; down 0.15 per cent).

    At the aforesaid level, buying interest kicked in which supported market to made an intraday high at 43,098 (+300 points; up 0.70 per cent) before eventually settled at 42,984 (+187 points; up 0.44 per cent) for the day.

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

    During the day, Fertilizer, Tech & Power sector stocks contributed positively to the index where ENGRO, TRG, DAWH, SYS & HUBC added 261 points, cumulatively. On the flip side, PPL, OGDC and HBL have witnessed some profit taking as they lost 45 points collectively, today.

    Around 185 million shares traded today at the bourse while total value clocked in at Rs6.6 billion. UNITY led the volumes chart today with trading of 19.4 million shares in it, today.

    READ MORE: Stocks continues to gain on foreign inflow expectations

  • Pakistan stocks end down amid profit taking

    Pakistan stocks end down amid profit taking

    KARACHI: Pakistan stock ended down by 54 points on Tuesday as investors opted for profit taking.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,797 points from previous day’s closing of 42,851 points, showing a decline of 54 points.

    READ MORE: Pakistan stocks shed 242 points over delay in IMF talks

    Analysts at Arif Habib Limited said that a range-bound session was witnessed at the PSX during the day.

    The market opened in the red zone on account of political uncertainty, but later in the day investors jumped back, turning the index green and helping it reach an intraday high of 184.95 points.

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

    Profit-taking was observed in the final hour of trading causing the index to close in the red. Investors’ participation remained low, on the contrary, 3rd tier stocks remained as volume leaders.

    Sectors contributing to the performance include Technology & Communication (-58.6 points), Miscellaneous (-24.6 points), Power Generation & Distribution (-16.8 points), Cement (-16.0 points), and Vanaspati & Allied Industries (-10.1 points).

    READ MORE: Stocks continues to gain on foreign inflow expectations

    Volumes increased from 185.5 million shares to 188.7 million shares (+1.7 per cent DoD). The average traded value also increased by +23.0 per cent to USD 33.40 million as against USD 27.14 million.

    Stocks that contributed significantly to the volumes are LOTCHEM, WTL, TRG, UNITY, and TPLP.

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

  • Pakistan stocks shed 242 points over delay in IMF talks

    Pakistan stocks shed 242 points over delay in IMF talks

    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

  • Company registration rises to 180,996: SEC Pakistan

    Company registration rises to 180,996: SEC Pakistan

    ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has said that total company registration has increased to 180,996 by end of October 2022.

    According to a statement the SECP registered 2,361 new companies in October 2022. “This shows an increase of 17 per cent as compared to corresponding period last month. The total number of registered companies now stands at 180,966,” the SECP added.

    READ MORE: SECP’s company registration goes up to 169,919 till May 2022

    Foreign investment has been reported in 77 new companies. These companies have foreign investors from Afghanistan, Austria, Australia, Bangladesh, China, Denmark, Iran, Italy, Jordan, Korea (South), Lebanon, Lithuania, Norway, Saudi Arabia, Singapore, Yemen, Tunisia, Turkey, the UAE, the UK and the US.

    Total capitalization (paid-up-capital) with regard to newly incorporated companies for the current month stood Rs3 billion.

    READ MORE: SECP, FBR integration brings 2,365 companies under tax net

    In October, about 60 per cent companies were registered as private limited companies, while 37 per cent were registered as single member companies. About three per cent were registered as public unlisted companies, not profit associations, foreign companies and limited liability partnership (LLP). Nearly 99.8 per cent companies were registered online.

    READ MORE: RDA: SECP exempts banks from obtaining license

    The real estate development and construction sector took the lead with incorporation of 432, information technology with 355, trading with 279, services with 234, food and beverages with 93, e-commerce with 92, tourism with 84, education with 83, corporate agricultural farming with 72, marketing and advertisement with 56, engineering with 45, power generation with 44 and 814 companies were registered in other sectors.

    READ MORE: SEC Pakistan amends regulations to facilitate startups

    As a result of integration of SECP with the Federal Board of Revenue (FBR) ad various provincial department, 1,969 companies were registered with the FBR for generation of National Tax Number (NTN), 81 companies with Employees Old-age Benefit Institution (EOBI), 47 companies with PESSI/SESSI ad 57 companies with excise and taxation department.

  • Weekly Review: investors may stay cautious on political uncertainty

    Weekly Review: investors may stay cautious on political uncertainty

    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.

    (more…)
  • Stocks continues to gain on foreign inflow expectations

    Stocks continues to gain on foreign inflow expectations

    KARACHI: Pakistan stocks continued to make gain on Friday on the reports of foreign inflows from China and Saudi Arabia.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 43,093 points from previous day’s closing of 42,901 points, showing an increase of 192 points.

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

    Analysts at Arif Habib Limited said yet another positive day was witnessed at the PSX during the day.

    The market opened in the positive territory although lackluster activity was noticed which led the index to lose 96.39 points at the close of the opening trading session.

    READ MORE: Pakistan equities extend gain amid inflows expectations

    However, the benchmark KSE-100 did rebound once the trading resumed as investors resurfaced following the Finance Minister’s announcement of a $13 billion package from China and Saudi Arabia.

    Volumes were stable overall, while healthy activity was observed in the Oil & Exploration Companies.

    READ MORE: Pakistan stocks up 191 points on inflows expectations

    Sectors contributing to the performance include E&P’s (+129.3 points), Technology & Communication (+98.4 points), OMC’s (+22.8 points), Tobacco (+13.1 points) and Food & Personal Care Products (+12.8 points).

    Volumes decreased from 293.9 million shares to 232.8 million shares (-20.8 per cent DoD). The average traded value also decreased by -25.4 per cent to USD 34.4 million as against USD 46.1 million.

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

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

  • Pakistan equities gain 636 points on AIIB fund inflow

    Pakistan equities gain 636 points on AIIB fund inflow

    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

  • Pakistan equities extend gain amid inflows expectations

    Pakistan equities extend gain amid inflows expectations

    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

  • Pakistan stocks up 191 points on inflows expectations

    Pakistan stocks up 191 points on inflows expectations

    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.

    (more…)