Category: Stock & Commodity

KARACHI: The stock market gained 109 points on Wednesday in mixed trading activities during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,360 points as against 43,251 points showing an increase of 109 points.

Analysts at Arif Habib Limited said that yesterday’s across the board profit booking saw some respite today with E&P and Fertilizer taking charge of the Index.

International crude oil prices inched up further, which helped price performance in OGDC, PPL and POL.

Similarly, fertilizer stocks also took cue from a recent uptick in Urea offtake.

Cement, Technology, Refinery sector stocks which have led the growth in Index from 39500 level saw consistent profit booking and kept the growth in index in check.

Although the Index added a total of 305 points during the session, the closing half hour brought the index down with ending the trail for Index 109 points. Among scrips, TRG topped the volumes with 29 million shares, followed by PRL (28.1 million) and HASCOL (22.8 million).

Sectors contributing to the performance include E&P (+90 points), Technology (+49 points), Fertilizer (+47 points), Textile (+20 points), Cement (-53 points) and Power (-22 points).

Volumes declined from 702.2 million shares to 433 million shares (-38 percent DoD). Average traded value also declined by 27 percent to reach US$ 133.3 million as against US$ 182.5 million.

Stocks that contributed significantly to the volumes include TRG, PRL, HASCOL, BYCO and ANL, which formed 27 percent of total volumes.

Stocks that contributed positively to the index include OGDC (+55 points), SYS (+46 points), ENGRO (+38 points), PPL (+27 points) and BAHL (+23 points). Stocks that contributed negatively include UBL (-18 points), LUCK (-13 points), DGKC (-12 points), MLCF (-11 points) and MTL (-10 points).

KARACHI: The stock market ended down by 15 points on Tuesday as investors preferred profit booking during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,251 points as against 43,266 points showing a decline of 15 points.

Analysts at Arif Habib Limited said that the market added another 443 points during the session today before facing the selling pressure that eroded all the gains and took the Index down by -140 points.

The oscillation of 580 points today was attributed mainly to profit booking by investors, after seeing a total increase of 4000 points since the recent drop to 39500 level.

E&P and Cement Sectors mostly contributed to the downside of index, although oil prices maintained yesterday’s level. Among scrips, PRL maintained the top slot with 64.3 million shares, followed by HASCOL (62.5 million) and ANL (42.6 million).

Sectors contributing to the performance include Banks (+109 points), Textile (+32 points), Autos (+23 points), Cement (-60 points), E&P (-58 points), Power (-44 points) and Technology (-27 points).

Volumes increased further from 629.3 million shares to 702.2 million shares (+12 percent DoD). Average traded value also increased by 11 percent to reach US$ 182.3 million as against US$ 164.7 million.

Stocks that contributed significantly to the volumes include PRL, HASCOL, ANL, PIBTL and LOTCHEM, which formed 38 percent of total volumes.

Stocks that contributed positively to the index include MCB (+40 points), MEBL (+29 points), FFC (+17 points), MTL (+17 points) and NML (+17 points). Stocks that contributed negatively include HUBC (-40 points), LUCK (-36 points), PPL (-28 points), OGDC (-24 points) and TRG (-20 points).

KARACHI: The stock market gained 796 points on Monday owing to positive news flow regarding China currency swap agreement and expectations of lower inflation.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,266 points as compared with last closing on Friday at 42,470 points, showing an increase of 796 points.

Analysts at Topline Securities said that the market opened the week on a positive note with the Index trading in green for the entire session and consequently closing the day at 43,266 (up 1.87 percent).

Investors cheered the news of the currency swap arrangement with China which will keep SBP FX reserves afloat while lower inflation expectation further boosted investor sentiment at the bourse.

Major positive contributors today were namely FFC, LUCK, OGDC, PPL & ENGRO who cumulatively added around 244 points to the benchmark KSE100 Index.

Volumes also saw an uptick with total traded volume and value clocking in at 628.41 million shares (up 12.7 percent DoD) and Rs26.4 billion (up 4 percent DoD).

PRL was today’s volume leader with 57.48 million shares traded followed by HASCOL with 46.84 million shares traded during the session.

KARACHI: Investors are remain optimistic about trading in stock market during next week owing to improved economic indicators.

Analysts at Arif Habib Limited said that recovery in international commodities (such as oil) and enticing valuations is expected to keep Banking and E&P scrips under limelight.

Whereas revival in economic growth, healthy offtake, stable pricing power, and low borrowing rates should translate into robust earnings jump in cyclicals (cement, steel and automobile).

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 7.3x (2021) compared to Asia Pac regional average of 15.7x and while offering DY of ~6.3 percent versus ~2.4 percent offered by the region.

The KSE-100 index managed to post an uptick this week to close at 42,470 points with the coronavirus infection depicting a slight improvement (from a high of 9.7 percent last week compared to 7.9 percent in the current week), Remittances of over USD 2 billion for a sixth consecutive month (+28 percent YoY at USD 2.34 billion), highest ever daily inflows in the Roshan Digital account (USD 7.7 million), and jump in reserves to USD 13.3 billion.

Investors also disregarded political noise (with opposition parties contemplating resigning from National and Provincial assemblies).

Sector-wise positive contributions came from i) Cement (51 points), ii) Oil & Gas Exploration Companies (50 points), and iii) Commercial Banks (50 points). Scrip-wise positive contributions were led by HBL (49 points), UBL (38 points), and OGDC (31 points). On the flipside, major sectoral loss were observed in Tobacco (13 points) while scrip wise negative contributions were led by MCB (45 points) and SYS (22 points).

Foreign selling continued this week clocking-in at USD 9.6 million compared to a net sell of USD 30.0 million last week. Selling was witnessed in Commercial Banks (USD 9.9 million) and OMC’s (USD 1.0 million).

On the domestic front, major buying was reported by Insurance Companies (USD 10.6 million and Individuals (USD 2.9 million). Average volumes arrived at 452 million shares (up by 3 percent WoW) while average value traded settled at USD 123 million (up by by 9 percent WoW).

KARACHI: The share market witnessed a gain of 165 points on Friday mainly due to activities in energy sector after rise in international oil prices.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,470 points as against 42,305 points showing an increase of 165 points.

Analysts at Arif Habib Limited said that the market added a total of 322 points during the session and closed +165 points.

International crude oil prices went overboard in last night’s trading which saw both WTI and Brent increasing by 4 percent and Brent crossing US$50/bbl level, which was last observed in March 2020. Local E&P sector saw pronounced impact of crude oil prices, with significant interest in OGDC and PPL.

Similarly, banking sector stocks showed persistent interest from investors, especially in HBL and NBP. Among Cement sector stocks, LUCK performed relatively better in comparison with its peers.

Volume leaders had PRL on top slot with 84.7 million shares, followed by ANL (35.2 million) and UNITY (35.2 million).

Sectors contributing to the performance include E&P (+117 points), Textile (+33 points), Power (+26 points), Refinery (+15 points) and O&GMCs (+14 points).

Volumes increased from 472.3 million shares to 557.6 million shares (+18 percent DoD). Average traded value also increased by 24 percent to reach US$ 149.3 million as against US$ 120.6 million.

Stocks that contributed significantly to the volumes include PRL, ANL, UNITY, TRG and HASCOL, which formed 37 percent of total volumes.

Stocks that contributed positively to the index include OGDC (+43 points), PPL (+27 points), POL (+24 points), MARI (+23 points) and HUBC (+21 points).

Stocks that contributed negatively include MCB (-32 points), TRG (-28 points), COLG (-10 points), BAFL (-10 points) and HMB (-7 points).

KARACHI: The stock market gained 102 points on Thursday amid cautious approach of investors amid negative reports from political front.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,306 points as against 42,204 points showing an increase of 102 points.

Analysts at Arif Habib Limited said that the market maintained the cautious approach as have been witnessed in the previous sessions, however, in the process discounted the potential negative impact of resignation of Opposition parties from National and Provincial Assemblies as well as the threat of Indian false flag operation.

Investors focused gaze on fundamentally sound scrips, essentially the main board scrips, such as HBL and NBP which not only highlights dividend prospects but have so far shown healthy profits in the bottom line.

Cement sector remained range bound, as did O&GMCs and Fertilizer sectors. Investors, in general, have been waiting for a clear positive trigger and have weathered the threats from Political as well as Law and order situation. PIBTL topped the volumes with 50 million shares, followed by UNITY (35.6 million) and KEL (34.1 million).

Sectors contributing to the performance include Banks (+47 points), Technology (+21 points), Cement (+15 points), Transport (+13 points), Fertilizer (+12 points) and E&P (-20 points).

Volumes increased from 438.1 million shares to 472.1 million shares (+8 percent DoD). Average traded value also increased by 2 percent to reach US$ 120.1 million as against US$ 118.3 million.

Stocks that contributed significantly to the volumes include PIBTL, UNITY, KEL, PRL and TRG, which formed 40 percent of total volumes.

Stocks that contributed positively to the index include FFC (+32 points), TRG (+21 points), HBL (+17 points), BAHL (+15 points) and PIBTL (+13 points). Stocks that contributed negatively include ENGRO (-20 points), MARI (-10 points), POL (-7 points), KTML (-5 points) and UBL (-5 points).

KARACHI: The stock market gained 102 points on Wednesday as the market discounted all the hype created by the opposition parties yesterday on plans of tendering resignations from the National and Provincial assemblies.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,204 points as against 42,101 points showing an increase of 102 points (+0.2 percent DoD).

Analysts at Arif Habib Limited said that the market discounted all the hype created by the opposition parties yesterday on plans of tendering resignations from the National and Provincial assemblies.

Banking sector played vital role in the shape of HBL and UBL taking charge again after a lull of almost 2 months since announcement of 3QFY20 financial results.

International crude prices went positive as well, trading +1 percent that helped E&P stocks inch up.

Chemical and O&GMCs also contributed to the positivity and helped the index maintain level above 42,200.

The Index swayed between +248 points and -72 points, and closed the session +102 points. Among scrips, TRG topped the volumes with 33.7 million shares, followed by LOTCHEM (27.1 million) and UNITY (26.1 million).

Sectors contributing to the performance include E&P (+44 points), Technology (+20 points), Power (-13 points), Tobacco (-10 points) and Autos (-6 points).

Volumes increased from 409.7 million shares to 438.1 million shares (+7 percent DoD). Average traded value also increased by 3 percent to reach US$ 118.3 million as against US$ 115.3 million.

Stocks that contributed significantly to the volumes include TRG, LOTCHEM, UNITY, HASCOL and MLCF, which formed 30 percent of total volumes.

Stocks that contributed positively to the index include TRG (+30 points), OGDC (+24 points), PPL (+12 points), UBL (+11 points) and HBL (+10 points).

Stocks that contributed negatively include HUBC (-18 points), PAKT (-9 points), BAHL (-9 points), SYS (-9 points) and MLCF (-8 points).

KARACHI: The stock market ended down by 14 points on Tuesday amid range bound trading activities during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,102 points as against 42,115 points showing a decline of 14 points.

Analysts at Arif Habib Limited said that the market remained range bound with an oscillation of +119 points and -167 points and closing the session -14 points.

Cement sector stocks bounced on the news of further investment in Cement sector in Punjab, however, close of session saw selling pressure that brought the prices down. Banking sector performed relatively better with growing interest in NBP, MCB and UBL, whereas trading volumes also improved in the previous sessions despite consistent selling from foreign investors. International crude prices stay muted which became the reason for consolidation in E&P sector stocks.

Tech stocks continued the trailblazing performance, with NETSOL trading near upper circuit and strong interest in TRG despite the price coming down. Among scrips, MLCF topped the volumes with 31.6 million shares, followed by FFL (23.1 million) and TRG (22.5 million).

Sectors contributing to the performance include Cement (+48 points), Banks (+35 points), Engineering (+16 points), E&P (-37 points) and Technology (-27 points).

Volumes increased from 380.5 million shares to 409.6 million shares (+8 percent DoD). Average traded value also increased by 3 percent to reach US$ 115.4 million as against US$ 111.8 million.

Stocks that contributed significantly to the volumes include MLCF, FFL, TRG, HASCOL and UNITY, which formed 29 percent of total volumes.

Stocks that contributed positively to the index include MLCF (+19 points), UBL (+14 points), ENGRO (+13 points), ISL (+11 points) and MCB (+10 points). Stocks that contributed negatively include PPL (-19 points), FFC (-15 points), SYS (-14 points), PSO (-14 points) and SEARL (-13 points).

KARACHI: The share market ended down by 92 points on Monday while trading in narrow range during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,115 points as against 42,207 points, showing a decline of 92 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range today after opening on a positive note with +41 points.

The session saw index swaying +114 points and -160 points, demonstrating Investors general lack of interest due to concerns over political uncertainty.

Selling pressure was mostly evident in Cement sector stocks, however, E&P stocks also failed to perform amid sticky oil prices in the international market.

Technology sector stocks performed relatively better with NETSOL hitting upper circuit, while TRG trading in the positive zone.

Although ASL and ISL increased product prices, the market didn’t react as positively as they could have. Among scrips, TRG topped the volumes with 41.2 million shares, followed by UNITY (33.2 million) and GGLR1 (18 million).

Sectors contributing to the performance include E&P (-54 points), Cement (-26 points), O&GMCs (-14 points), Banks (-12 points), Power (-12 points), Technology (+19 points) and Insurance (+14 points).

Volumes declined from 427.9 million shares to 380.5 million shares (-11 percent DoD). Average traded value also declined by 2 percent to reach US$ 111.6 million as against US$ 113.3 million.

Stocks that contributed significantly to the volumes include TRG, UNITY, JSCL, PRL and AVN, which formed 32 percent of total volumes.

Stocks that contributed positively to the index include TRG (+16 points), AICL (+13 points), BAHL (+12 points), NESTLE (+9 points) and EPCL (+7 points). Stocks that contributed negatively include OGDC (-27 points), PPL (-25 points), MCB (-15 points), DAWH (-10 points) and LUCK (-10 points).