Category: Stock & Commodity

KARACHI: The stock market ended flat on Wednesday in range-bound trading activities observed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,413 points as against the previous day’s closing of 47,420 points, showing a decline of 6 points.

Analysts at Arif Habib Limited said that the first day of the month saw range-bound activity with sideboard scrips performing better than blue chips.

The index swayed +209 points and -65 points. Volumes and price-performance were witnessed in TPLP, TELE, WTL, and HUMNL out of which TPLP and TELE hit upper circuits and maintained that level till closing.

Banks, Cement, Fertilizer, Power and Refinery sectors ended the session in red, whereas Technology sector led the Index. Among scrips, WTL topped the volumes with 162.2 million shares, followed by TELE (45.1 million) and GGL (31.5 million).

Sectors contributing to the performance include Banks (-33 points), Cement (-14 points), Autos (-12 points), Technology (+40 points), Engineering (+13 points), and Fertilizer (+12 points).

Volumes increased substantially from 378.8 million shares to 536.6 million shares (+41 percent DoD). The average traded value also increased by 2 percent to reach US$ 86.1 million as against US$ 84 million.

Stocks that contributed significantly to the volumes include WTL, TELE, GGL, HUMNL, and TREET, which formed 52 percent of total volumes.

Stocks that contributed positively to the index include TRG (+29 points), LUCK (+12 points), FABL (+10 points), EPCL (+9 points), and ENGRO (+8 points). Stocks that contributed negatively include HBL (-18 points), MCB (-15 points), MEBL (-14 points), INDU (-11 points) and PSEL (-9 points).

Stocks inch up in range bound trading

KARACHI: The Pakistan stocks ended down by 273 points on Thursday as a range bound trading activity was observed during the day.

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The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell by 193 points on Wednesday on selling pressure witnessed during the day.

The index closed at 47,636 points as against previous day’s closing of 47,829 points, showing a decline of 193 points.

Analysts at Arif Habib Limited said that the market saw continued selling pressure which was partly due to ongoing roll-over activity and partly the profit booking in cement, fertilizer, technology and Oil & Gas chain.

O&GMCs sector faced selling pressure in PSO, which persisted since yesterday when the company disclosed its financial results to the dismay of investors.

Activity remained lackluster and the index lost a total of 211 points after recording a gain of 88 points. The index closed -193 points.

Among engineering sector stocks, ISL declared a hefty dividend besides significant earnings, with the stock contributing to high traded value and an uptick. Among scrips, WTL topped the volumes with 38 million shares, followed by ANL (33.3 million) and GGL (22 million).

Sectors contributing to the performance include Cement (-67 points), Misc (-35 points), Technology (-26 points), O&GMCs (-23 points) and E&P (-17 points).

Volumes slightly declined from 394.9 million shares to 384.6 million shares (-3 per cent DoD). Average traded value also declined by 16 per cent to reach US$ 69.2 million as against US$ 82.2 million.

Stocks that contributed significantly to the volumes include WTL, ANL, GGL, FNEL and KOSM, which formed 32 per cent of total volumes.

Stocks that contributed positively to the index include MCB (+11 points), ISL (+7 points), FFC (+7 points), MTL (+5 points) and BAFL (+5 points). Stocks that contributed negatively include PSEL (-35 points), LUCK (-21 points), TRG (-15 points), DGKC (-15 points) and MLCF (-13 points).

Stocks decline by 284 points on profit-taking

KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) ended down by 284 points on Tuesday. The stocks fell due to profit-taking observed during the day, analysts said.

The index closed at 47,828 points as against the previous day’s closing of 48,112 points, showing a decline of 284 points.

The analysts at  Arif Habib Limited said that after posting an increase in the past three consecutive sessions, the index saw profit booking across the board, with PSO being the prominent one due to lower than anticipated payout despite high earnings.

Similarly, Cement, Steel and E&P sectors saw selling activity which kept the index under pressure.

The technology sector showed mixed reactions with AVN, NETSOL, and SYS floating above LDCPs. Among scrips, WTL led the volumes with 43.6 million shares, followed by TELE (30.9 million) and GGL (25.5 million).

Sectors contributing to the performance include Cement (-64 points), Fertilizer (-60 points), Banks (-60 points), O&GMCs (-52 points) and E&P (-36 points).

Volumes slightly declined from 397.6 million shares to 394.9 million shares. Average traded value also declined by 8 per cent to reach US$ 82.8 million as against US$ 89.9 million.

Stocks that contributed significantly to the volumes include WTL, TELE, GGL, BOP and ANL, which formed 36 per cent of total volumes.

Stocks that contributed positively to the index include PSEL (+37 points), HUBC (+22 points), MTL (+7 points), ARPL (+6 points) and PIBTL (+5 points). Stocks that contributed negatively include ENGRO (-50 points), PSO (-41 points), MEBL (-33 points), PPL (-29 points) and LUCK (-28 points).

KSE-100 index gains 512 points on positive trading

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 512 points on Monday as market remained positive during the day.

The index closed at 48,112 points as against previous closing on Friday at 47,600 points, showing an increase of 512 points.

Analysts at Arif Habib Limited said that the market traded in the positive zone throughout the session, adding a total of 545 points during the session and closing near the session’s high with net 512 points.

E&P sector, which was a laggard in the past year or so and particularly in the past month or so, performed well on the back of an increase of +3 per cent in international crude oil prices today.

Besides, O&GMCs saw PSO sprinting due to its financial results, which were scheduled to be announced, but could not by sessions end. Besides, Technology stocks ramped up taking cue from Series B fund raising of Airlift that helped improve valuation multiples of listed entities in Tech space. Among scrips, HUMNL topped the volumes with 35.4 million shares, followed by BOP (22.2 million) and GGL (19.8 million).

Sectors contributing to the performance include Banks (+167 points), E&P (+143 points), Fertilizer (+41 points), Misc (+36 points) and O&GMCs (+34 points).

Volumes increased from 299.1 million shares to 396.2 million shares (+33 per cent DoD). Average traded value also increased by 13 per cent to reach US$ 89.9 million as against US$ 79.5 million.

Stocks that contributed significantly to the volumes include HUMNL, BOP, GGL, TPLP and ANL, which formed 27 per cent of total volumes.

Stocks that contributed positively to the index include MEBL (+94 points), PPL (+58 points), OGDC (+46 points), ENGRO (+42 points) and PSEL (+35 points). Stocks that contributed negatively include HUBC (-21 points), COLG (-10 points), MLCF (-9 points), EFERT (-7 points) and FCCL (-4 points).

Weekly Review: market likely to stay positive

KARACHI: The stock market likely to stay positive in the upcoming week owing to falling global commodity prices and ease in coronavirus cases.

Analysts at Arif Habib Limited. said that the market to remain positive in the upcoming week attributable to crashing global commodity prices and the ongoing result season which will keep specific companies under limelight.

On the other hand, decline in infection ratio of the novel coronavirus in Pakistan and slowdown in global oil prices would release pressure from external account.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 6.7x (2021) compared to Asia Pac regional average of 16.1x while offering a dividend yield of 6.6 per cent versus 2.4 per cent offered by the region.

This week trading activity commenced on a negative note amid: i) Geopolitical uncertainty given crisis in Afghanistan and its potential spill over in Pakistan, ii) Closure of borders that connects trade activity with Afghanistan, and iii) less trading days in the week owed to religious activity.

However, trading activity picked pace on the back of peaceful takeover Kabul falls, ii) decline in international commodity prices, iii) Reopening of borders with Afghanistan as a result trading activity witnessed a drastic jump, and iv) slowdown in Covid-19 infection ratio.

As a result, the KSE-100 index closed at 47,600 points, up by 430 points or 0.91 per cent WoW.    

Contribution to the upside was led by i) Cements (151 points), ii) Commercial Banks (86 points), iii) Power Generation and Distribution (72 points), iv) Oil and Gas Marketing Companies (65 points), and v) Fertilizer (41 points). Scrip-wise major gainers were MEBL (73 points), HUBC (62 points), PSO (57 points), DGKC (40 points), and MLCF (36 points). Whereas, scrip-wise major losers were PPL (18 points), KTML (16 points), NESTLE (11 points), PSEL (11 points) and MARI (10 points).  

Foreigners offloaded stocks worth of USD 10.82 million compared to a net buy of USD 3.95 million last week. Major selling was witnessed in All Other Sectors (USD 10.79 million) and Cements (USD 2.53 million). On the local front, buying was reported by Companies (USD 7.78 million) followed by Mutual Funds (USD 5.87 million). That said, average daily volumes and traded value for the outgoing week were down by 13 per cent and 4 per cent to 266 million shares and USD 70 million, respectively.