Category: Stock & Commodity

The stock market is likely to move in tandem with the daily number of coronavirus cases and the upcoming major show of opposition parties next week.

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KARACHI: The share market gained 159 points on Friday despite lackluster response from the investors during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,207 points as against 42,048 points showing an increase of 159 points.

Analysts at Arif Habib Limited said that the market traded range bound today, although remained positive the entire session, but lacked the excitement from Investors’ end to make a forward move.

International crude oil prices increased after OPEC+ made the decision for a gradual increase in output in 2021.

E&P stocks responded cautiously to the price increase. O&GMCs, Cement sector stocks saw selling pressure on the concerns over political uncertainty as well as Index correction after an increase of around 2800 points.

The index went up by 269 points during the session, however, selling pressure in the last half hour brought the index down slightly, closing the session +159 points.

Among scrips, TRG posted 42.6 million shares in trading volumes, followed by PRL (30.9 million) and PTC (21.7 million).

Sectors contributing to the performance include E&P (+61 points), Banks (+57 points), Technology (+31 points), O&GMCs (-16 points) and Fertilizer (-12 points).

Volumes increased slightly from 420.3 million shares to 427.5 million shares (+2 percent DoD). Average traded value also increased by 0.5 percent to reach US$ 113.2 million as against US$ 112.6 million.

Stocks that contributed significantly to the volumes include TRG, PRL, PTC, ASL and KEL, which formed 32 percent of total volumes.

Stocks that contributed positively to the index include OGDC (+38 points), TRG (+26 points), UBL (+15 points), PPL (+12 points) and HMB (+11 points). Stocks that contributed negatively include FFC (-12 points), MTL (-11 points), SNGP (-8 points), PSO (-7 points) and EFERT (-6 points).

KARACHI: The share market ended with an increase of 20 points on Thursday as market traded in range bound during the day.

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 42,047 points against 42,027 points showing an increase of 20 points.

Analysts at Arif Habib Limited said that the market traded range bound after a gradual yet sketchy run up from around 39500 level till now, which has resulted in an addition of 2500 points however, investors still seem perplexed for reasons of rising cases of corona and potential negative impact of lock down.

International crude prices also traded direction less for want of an impending decision by OPEC+ regarding crude output. Resultantly, E&P stocks also traded range bound without much excitement.

Cement and Steel sectors saw cautious buying activity, however, selling pressure kept the increase in prices in check. Among scrips, TRG led the table with 35.2 million shares, followed by MLCF (30.9 million) and ASL (29.6 million).

Sectors contributing to the performance include Power (-7 points), Pharma (-4 points), E&P (-2 points), Autos (+8 points), Cement (+7 points) and Fertilizer (+5 points).

Volumes declined from 476.8 million shares to 420 million shares (-12 percent DoD). Average traded value also dipped by 12 percent to reach US$ 112.5 million as against US$ 127.4 million.

Stocks that contributed significantly to the volumes include TRG, MLCF, ASL, HASCOL and PRL, which formed 36 percent of total volumes.

Stocks that contributed positively to the index include SYS (+27 points), LUCK (+17 points), MCB (+15 points), FFC (+15 points) and PSO (+12 points).

Stocks that contributed negatively include TRG (-12 points), MTL (-12 points), SEARL (-11 points), HBL (-8 points) and COLG (-7 points).

KARACHI: The stock market on Wednesday added 362 points after carrying the momentum shown in the past couple of sessions.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,027 points as against 41,665 points showing an increase of 362 points.

Analysts at Arif Habib Limited said that the market carried the momentum shown in the past couple of sessions and finally crossed the 42,000 index level.

Cement sector led the Index on the back of an increase in Cement price / bag in North Region, which coincided with brisk buying activity in small and mid-caps in Autos, Chemical, Steel, Refinery and Miscellaneous sectors that pulled the index with 409 points. The Index closed the session +362 points.

International crude oil prices also started recovering on the news of UK announcing expeditious delivery of vaccine. Among scrips, UNITY topped the volumes with 39.7 million shares, followed by TRG (38.5 million) and PRL (34.5 million).

Sectors contributing to the performance include Autos (+75 points), Banks (+57 points), Technology (+38 points), Cement (+34 points) and Power (+31 points).

Volumes declined from 489.6 million shares to 476.9 million shares (-3 percent DoD). Average traded value however, increased by 5 percent to reach US$ 127.2 million as against US$ 121.4 million.

Stocks that contributed significantly to the volumes include UNITY, TRG, PRL, MLCF and HUMNL, which formed 36 percent of total volumes.

Stocks that contributed positively to the index include BAHL (+42 points), TRG (+41 points), MTL (+40 points), HUBC (+24 points) and LUCK (+23 points). Stocks that contributed negatively include PPL (-14 points), PKGS (-5 points), HBL (-4 points), EFUG (-3 points) and KTML (-3 points).

KARACHI: The share market gained 596 points on Tuesday after a peaceful rally of various political parties under the umbrella of Pakistan Democratic Movement (PDM) and lower reported cases of coronavirus.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,665 points as compared with the previous day’s closing of 41,069 points, showing a gain of 596 points.

Analysts at Topline Securities said that the market continued its positive momentum with the KSE-100 Index closing the day at 41,665.

Safe completion of the PDM rally along with lower COVID cases improved sentiment at the bourse.

Major positive contributors to the benchmark index were HUBC, ENGRO & PAKT who cumulatively added 170.43 points to the index.

Volumes also saw an uptick with the total traded volume clocking in at 489 million shares while total traded value was registered at Rs19.5 billion.

UNITY was today’s volume leader with 67.87 million shares traded and the stock closing up 7.05 percent amid news reports that the company is all set to issue a Rs3 billion Sukuk to fund its working capital requirements.

KARACHI: The stock exchange gained 262 points on Monday after making recovery from early day losses.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,069 points as against 40,807 points showing an increase 262 points.

Analysts at Arif Habib Limited said that the market opened on a negative note with -24 points and slipped a total of 137 points during the session, before Banking sector took the front seat and drove the index to recover the intra-day loss and put together an increase of 308 points. The index closed +262 points.

MSCI semi-annual index review changes, which were made earlier in the month, had today as the effective date. Resultantly, MCB among banking sector and OGDC, PPL among E&P sector saw brisk activity.

PSO also reacted to the prospect of share swap arrangement as proposed by the Petroleum Division to settle Circular debt among public sector entities in the energy chain.

Although, international crude oil prices were down on the concerns of OPEC+ meeting scheduled for tomorrow, where deferment of oil supply till Q1, 2021 will be taken.

Among scrips, HUMNL topped the volumes with 88.5 million shares, followed by TRG (31.7 million) and PRL (24.7 million).

Sectors contributing to the performance include Technology (+57 points), Banks (+50 points), O&GMCs (+48 points), Cement (+36 points) and E&P (+25 points).

Volumes declined from 397.8 million shares to 388.6 million shares (-2 percent DoD). Average traded value however, increased by 7 percent to reach US$ 88.2 million as against US$ 82.5 million.

Stocks that contributed significantly to the volumes include HUMNL, TRG, PRL, KEL and UNITY, which formed 47 percent of total volumes.

Stocks that contributed positively to the index include TRG (+49 points), PSO (+39 points), MCB (+22 points), UBL (+20 points) and LUCK (+20 points). Stocks that contributed negatively include BAHL (-16 points), ENGRO (-16 points), PAKT (-11 points), FFC (-11 points) and KEL (-7 points).

KARACHI: The stock market likely to move with increase or decrease in number of cases during the next week.

Market’s mood on Monday is contingent upon the the news flow over the weekend, analysts said.

The lockdown effects need to be seen on the numbers, however, the cases & infection rates are still on the rising trend.

Economic activity is low while the partial lockdown should reduce demand for USD to keep currency/FX reserves buoyant.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 1.5 percent on week-on-week basis.

Major events during the outgoing week were:

– Monetary Policy Committee maintaining policy rate at 7 percent,

– news that government is expected to hire advisers for Eurobond by early next week,

– imposition of constraints on business hours across country on recommendation of NCOC amid rising Covid cases,

– SBP’s forex reserves crossing $13 billion mark on arrival of government of Pakistan official inflows and

– news that government intends to pay dues of 53 IPPs in shape of promissory notes in two or three installments.

Foreigners continue to be sellers in the market, as during the week they sold equities worth $8.39 million. This selling was largely absorbed by companies, mutual funds and insurance sector as they net purchased equities worth $2.35 million, $1.39 million and $1.44 million respectively s of yesterday.

KARACHI: The stock market has lost 224 points on Friday as the market witnessed buying activity during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,807 points as against 41,031 points showing a decline of 224 points.

Analysts at Arif Habib Limited said that the market opened on a negative note today with -54 points and closed the first session -133 points.

Index lost a total of 278 points during the session, however, buying activity in banks, cement, refineries and technology sector helped the index gain some points. The index closed -224 points.

E&P and Cement sector stocks observed selling pressure primarily due to concerns on slow cement dispatches as well as staid crude prices. Among scrips, UNITY led the volumes with 53.4 million shares, followed by TRG (45.8 million) and KEL (23.1 million).

Sectors contributing to the performance include E&P (-86 points), Cement (-51 points), Fertilizer (-38 points), Banks (-31 points) and O&GMCs (-23 points).

Volumes increased from 389.2 million shares to 397.8 million shares (+2 percent DoD). Average traded value however, declined by 18 percent to reach US$ 82.5 million as against US$ 100.5 million.

Stocks that contributed significantly to the volumes include UNITY, TRG, KEL, HUMNL and MLCF, which formed 41 percent of total volumes.

Stocks that contributed positively to the index include TRG (+40 points), MTL (+17 points), COLG (+11 points), UNITY (+7 points) and SCBPL (+4 points).

Stocks that contributed negatively include PPL (-33 points), LUCK (-28 points), OGDC (-24 points), ENGRO (-22 points) and HUBC (-18 points).

KARACHI: The stock market gained 654 points on Thursday as trading activities were seen in energy sector.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,031 points as against 40,377 points showing an increase of +654 points.

Analysts at Arif Habib Limited said that the market followed the momentum shown yesterday, and added another 750 points during the session, closing +654 points.

The index was again led by E&P stocks in the beginning, but following the dip in international crude oil prices during the active session, E&P stocks also saw a reversion.

Cement sector stocks rebounded well with PIOC and MLCF hitting upper circuits. After a lull, observed in past week or so, Cement sector performed well today with considerably high volumes.

Banking sector stocks remained range bound and did not show any excitement, be it price or volume. Overall volumes grew further to 388 million shares as compared to below 200 million volumes in past several sessions.

Among scrips, UNITY topped the volumes with 49.9 million shares, followed by TRG (33.2 million) and MLCF (29.6 million).

Sectors contributing to the performance include Cement (+150 points), E&P (+89 points), Banks (+65 points), Technology (+50 points) and Power (+42 points).

Volumes increased from 241.9 shares to 389.2 million shares (+61 percent DoD). Average traded value also increased by 63 percent to reach US$ 100.6 million as against US$ 61.7 million.

Stocks that contributed significantly to the volumes include UNITY, TRG, MLCF, HUMNL and PIBTL, which formed 38 percent of total volumes.

Stocks that contributed positively to the index include LUCK (+38 points), TRG (+32 points), PPL (+32 points), HUBC (+32 points) and MLCF (+30 points).

Stocks that contributed negatively include DAWH (-5 points), SCBPL (-3 points), PMPK (-2 points), UBL (-2 points) and ICI (-2 points).