Category: Stock & Commodity

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell by 636 points on Thursday owing to profit taking seen during the day.

The index closed at 44,731 points as against previous closing of 44,367 points showing a decrease of 636 points.

Analysts at Arif Habib Limited said that bears ruled over the bulls today as disappointment occurred from the auction of market treasury bills where cut-off yields remained flat across all tenors.

Market opened on a bleak note as investors opted for profit booking but were unable to sell in the green zone.

OGMCs sector remained under pressure as petrol price decreased by 3.4 per cent to PKR 140.82/liter, causing inventory loss to oil and gas marketing companies.

Pharma sector stayed in the red zone as proposal on the cards of applicability of sales tax on the import of pharmaceutical active ingredients and local supply of medicines. 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.

Sectors contributing to the performance include Commercial Banks (-199 points), Cement (-116 points), Fertilizer (-65 points), E&P (-64 points) and OMC’s (-44 points).

Volumes decreased from 398.1 million shares to 312.1 million shares (-21.6 per cent DoD). Traded value also decreased by 13.1 per cent to reach US$ 56.9 million as against US$ 65.5 million.

Stocks that contributed significantly to the volumes include WTL, TELE, BYCO, TRG and UNITY.

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) on Wednesday gained 1,120 points as institutional buying was seen across the board.

The index closed at 44,367 points as against the previous day’s closing of 43,247 points, showing an increase of 1,120.

Analysts at Arif Habib Limited said that KSE-100 index stayed in the bullish momentum throughout the day as the market celebrated interest rate not entering into double digits and SBP’s forward guidance that the interest rate would remain broadly unchanged in the near term.

Market opened with a positive note as traders took aggressive bets on cement, steel and technology stocks.

On the institutional front, buying activity was witnessed across the board from the mutual funds. Moving forward, the upcoming auction of treasury bills will play a vital role to set the direction of the market.

Sectors contributing to the performance include Cement (+263 points), Technology & Communication (+196 points), E&P (+110 points), OMC’S (+74 points) and Chemical (+62 points).

Volumes increased from 212.4 million shares to 398.1 million shares (+87.5 per cent DoD). Traded value also increased by 72.1 per cent to reach $65.5 million as against $38.0 million.

Stocks that contributed significantly to the volumes include WTL, BYCO, HASCOL, HUMNL and FFL.

KARACHI: The KSE-100 index of Pakistan Stock Exchange (PSX) declined by 123 points on Friday amid an increase in the profit rate of National Saving Schemes (NSS).

The KSE-100 index ended at 43,396 points from the previous day’s closing of 43,519 points.

Analysts at Topline Securities said that the KSE-100 Index largely remained in the negative zone during the day to close at 43,396 level.

This negativity in the market can be attributed to increase in National Saving Scheme in the range of 161 basis points to 240 basis points.

Major contribution to the index came from NESTLE, TRG, FFC, MEBL and BAFL, as they cumulatively contributed 75 points to the index, whereas on the flip side SYS, BAHL, DAWH, HBL and UBL lost value to weigh down on the index by 108 points.

Traded volume and value for the day were 179 million shares and Rs.6.73 billion, respectively. TRG was today`s volume leader with 14.6 million shares.

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) declined by 328 points on Thursday on fears of lockdown as Omicron cases emerged in the country.

The KSE-100 index ended at 43,519 points from previous day’s closing of 43,847 points.

Analysts at Topline Securities said that Pakistan equities started the day on a positive note initially but succumbed to selling pressure after made an intra-day high at 43,997 level in the early trading hours.

Investors’ sentiment dampened on the news regarding Omicron cases emerged in the country, paving the way for another possible cycle of smart lockdowns in the effective areas.

At one time, KSE 100 index made an intra-day low at 43,274 level before closing at 43,519 level.

Cements, Banks & Technology sector witnessed profit taking today where LUCK, HBL, MEBL, DGKC, CHCC & AVN cumulatively lost 158 points while OGDC & PPL added 74 points collectively as investors are expecting a onetime heavy dividend in them.

Total volume and value stood at 200 million shares and Rs. 8.75 billion, respectively. TRG was at top on the volume chart with 25.7 million shares traded in it, today.

KARACHI: The Pakistan Stock Exchange (PSX) experienced a subdued trading day on Wednesday, with the benchmark KSE-100 index closing down by a marginal 7 points at 43,847 points, compared to the previous day’s close of 43,853 points.

KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) gained 573 points on Tuesday as risk of Omicron reduced globally.

KARACHI: The stocks have gained 48 points on Monday as lackluster trading activities prevailed during the day. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 43,281 points as against last Friday’s closing of 43,233 points.

Analysts at Arif Habib Limited said that the market remained lackluster during the entire trading session, the bear remained active in the market today by pushing investors on the sideline in continuation to the concerns towards Current Account Deficit (CAD) and higher inflation along with an indication of higher interest rates in the upcoming monetary policy.

READ MORE: July-Oct current account deficit widens to $5.08 billion

The market opened on a positive note but activity remained sluggish during the day due to volatility in the index but managed to close positive at the day end. Selling pressure seems to subside at current levels and the market may witness good flows moving forward.

Sectors contributing to the performance include E&P (+124 points), Technology (+83 points), Power (+26 points), Chemical (+10 points) and Cement (+8 points).

Volumes decreased from 287.7 million shares to 176.9 million shares (-38.5 per cent DoD). Traded value also decreased by 40.8 per cent to reach US$ 34.5 million as against US$ 58.2 million.

Stocks that contributed significantly to the volumes include WTL, TELE, TRG, UNITY and HASCOL.