Category: Stock & Commodity

KARACHI: The stock market increased by 137 points on Thursday in mixed trading during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,628 points from previous day’s closing of 47,491 points, showing an increase of 137 points.

Analysts at Arif Habib Limited said that after consolidating in the past couple of sessions, the Index regained confidence today and added a total of 246 points, on the back of OGDC, PSO and otherwise the Technology sector.

Profit booking brought the index down by the end of session, closing +137 points.

Cement, Fertilizer and Refinery sectors bore selling pressure, whereas Steel, Chemical and Banking sector stocks contributed positively to the index. Flat steel players (ASL & ISL) increased prices today, which prompted an uptick in both stock prices.

Among scrips, WTL topped the volumes with 50.6 million shares, followed by KEL (38.9 million) and TPL (36.1 million).

Sectors contributing to the performance include E&P (+41 points), Technology (+37 points) Banks (+26 points), O&GMCs (+19 points) and Vanaspati (+15 points).

Volumes declined slightly from 508.2 million shares to 506.3 million shares (-0.5 per cent DoD). Average traded value declined by 4 per cent to reach US$ 97 million as against US$ 101 million.

Stocks that contributed significantly to the volumes include WTL, KEL, TPL, PIBTL and TPLP, which formed 36 per cent of total volumes.

Stocks that contributed positively to the index include OGDC (+28 points), TRG (+26 points), BAFL (+16 points), UNITY (+15 points) and PSO (+13 points). Stocks that contributed negatively include PAKT (-21 points), PSX (-15 points), HBL (-9 points), FFC (-8 points) and NML (-6 points). 

KARACHI: The stock market recorded an increase of 11 points at the end of the trading on Wednesday as selling pressure witnessed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,491 points as against previous 47,480 points showing an increase of 11 points.

Analysts at Arif Habib Limited said that the market remained range bound today, oscillating between -38 points and +114 points.

Large cap blue chip stocks (including ENGRO, POL, LUCK, SYS) kept the index balanced, which was otherwise under selling pressure in E&P, O&GMCs, Cement, Steel and Technology sectors.

Worsening situation at Afghanistan border and imposition of COVID lockdown in Sindh made the investors rethink portfolio positions, in addition to facing CGT liability to be settled by July 16th. Among scrips, WTL realized trading volumes of 44.5 million shares, followed by GGGL (44 million) and TPL (40.7 million).

Sectors contributing to the performance include Textile (+34 points), Autos (+26 points), Inv Banks (+19 points), Transport (+12 points), Technology (-25 points), Banks (-24 points) and Fertilizer (-20 points).

Volumes increased from 496.8 million shares to 508.3 million shares (+2 per cent DoD). Average traded value declined by 1 per cent to reach US$ 101 million as against US$ 102 million.

Stocks that contributed significantly to the volumes include WTL, GGGL, TPL, KEL and TPLP, which formed 33 per cent of total volumes.

Stocks that contributed positively to the index include PSX (+19 points), LUCK (+12 points), PIBTL (+12 points), INDU (+12 points) and NML (+11 points). Stocks that contributed negatively include TRG (-33 points), MCB (-28 points), EFERT (-17 points), MARI (-10 points) and FFC (-8 points).

KARACHI: The share market gained 33 points on Tuesday as investors maintained a cautious approach towards building positions.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,480 points as against previous day’s closing of 47,447 points, showing an increase of 33 points.

Analysts at Arif Habib Limited said that the investors maintained a cautious approach towards building positions, in the wake of Capital Gain Tax (CGT) liability that is due to be settled by mid of the month, whereby investors anticipate sell off by other than corporate and institutional investors.

Technology sector led the index with NETSOL hitting upper circuit and brisk trading in TRG & SYS. Power sector remained muted due to concerns over Petroleum Division’s stance on payments to IPPs under Power Policy of 2002.

Among scrips, WTL topped the volumes with 48 million shares, followed by GGGL (37.5 million) and TPL (28.4 million).

Sectors contributing to the performance include Technology (+36 points), Inv Banks (+25 points), Banks (+17 points), Fertilizer (+13 points), E&P (-17 points) and Autos (-15 points).

Volumes increased from 474.9 million shares to 496.8 million shares (+5 per cent DoD). Average traded value increased by 13 per cent to reach US$ 101.8 million as against US$ 90.2 million.

Stocks that contributed significantly to the volumes include WTL, GGGL, TPL, FFL and TPLP, which formed 32 per cent of total volumes.

Stocks that contributed positively to the index include PSX (+21 points), SYS (+18 points), TRG (+16 points), BAHL (+16 points) and CEPB (+8 points). Stocks that contributed negatively include PPL (-10 points), MCB (-9 points), KAPCO (-8 points), OGDC (-7 points) and COLG (-7 points).

KARACHI: The stock market ended down by 116 points on Monday owing to narrow range trading during the day. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 47,447 points as against last Friday’s closing of 47,563 points, showing a decline of 116 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range and is slowly adjusting downwards after positing some 900 points last week.

Today’s session saw index moving between -156 points and +152 points, closing the session -116 points. Technology, Steel, Refinery and Cement sectors were particularly under selling pressure.

Institutional investors have particularly been concerned over developing situation in Afghanistan that can have an implication on otherwise peaceful law and order situation in Pakistan, as well as increasing current account deficit that can result in declining rupee parity with USD. Among scrips, WTL led the table with 70.9 million shares, followed by TREET (63.5 million) and TPL (26.5 million).

Sectors contributing to the performance include Cement (-38 points), Technology (-23 points), Power (-15 points), Banks (-11 points) and E&P (-10 points).

Volumes declined from 505.9 million shares to 474.9 million shares (-6 per cent DoD). Average traded value also declined by 6 to reach US$ 90.3 million as against US$ 96.5 million.

Stocks that contributed significantly to the volumes include WTL, TREET, TPL, GGGL and UNITY, which formed 43 per cent of total volumes.

Stocks that contributed positively to the index include UNITY (+20 points), PSX (+20 points), MCB (+14 points), PAKT (+13 points) and HBL (+6 points). Stocks that contributed negatively include TRG (-17 points), LUCK (-17 points), BAHL (-16 points), NESTLE (-11 points) and CHCC (-11 points).

KARACHI: The stock market likely to pick pace next week as result season is about to commence, analysts said. They said that cyclical sectors can once again attract the limelight on the back of robust economic activity.

Moreover, oil prices have continued to remain downwards sticky with no outcome on the oil output increase, which could spur buying in E&P scrips.

That said, fears over the COVID fourth wave could keep the sentiment cautious.

The benchmark KSE-100 of Pakistan Stock Exchange (PSX) is currently trading at a PER of 6.8x (2021) compared to Asia Pac regional average of 16.2x while offering a dividend yield of ~6.9 per cent versus ~2.3 per cent offered by the region.

Equities continued to depict a range bound behavior for another week. This week saw Pakistan raising USD 1 billion through a “tap issue” from Eurobonds, at even better pricing than the issue in April earlier this year. That said, a spike in COVID cases (infection ratio has risen to 3.65 per cent compared to an average of 1.7 per cent in the last two weeks) has kept the confidence in the bourse in check.

Moreover, uncertainty over how the geopolitical scenario pans out with regards to the US exit from Afghanistan, and Pakistan’s crucial role in this, has also kept sentiment jittery. The index closed at 47,563 points, down by 0.3 per cent / 123 points WoW.

Sector-wise negative contributions came from i) Oil & Gas Exploration Companies (68 points), ii) Tobacco (57 points), iii) Refinery (49 points), iv) Textile Composite (41 points), and v) Food & Personal Care Products (36 points). Whereas, the sectors that contributed positive include i) Commercial Banks (127 points), ii) Fertilizer (50 points), iii) Technology & Communication (50 points), iv) Inv.Banks/Inv.Cos./Securities Cos. (10 points) and Chemical (6 points). Scrip-wise negative contributors were PAKT (58  points), UNITY (39  points), NRL (37  points), PPL (28  points) and ANL (21  points). Whereas, scrip-wise positive contribution came from HBL (88  points), TRG (43  points), MEBL (35  points), EFERT (31  points) and AGP (26  points).

Foreign selling continued this week clocking-in at USD 5.2 million compared to a net sell of USD 8.4 million last week. Selling was witnessed in Other sectors (USD 5.4 million) and Food sector (USD 1.1 million). On the domestic front, major buying was reported by companies (USD 4.1 million and Mutual funds (USD 3.9 million). Average volumes arrived at 486 million shares (down by 22 per cent WoW) while average value traded settled at USD 107 million (down by 1 per cent WoW).

KARACHI: The stock market fell by 490 points on Friday owing to selling pressure seen during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 47,563 points as against previous day’s closing of 48,053 points, showing a decline of 490 points.

Analysts at Topline Securities said that KSE-100 index returned to its course as after positive session yesterday, index remained under pressure during the day to close at 47,563 level.

Major pressure to the index came from TRG, LUCK, KAPCO, HUBC and PAKT, as they cumulatively weighed down on the index by 214 points.

Traded volume and value for the day stood at 506 million shares and Rs.15.37 billion. TPL was today`s volume leader with 42 million shares.

KARACHI: The stock market gained 805 points on Thursday owing to conversion of fixed income funds to equities from institutional investors played vital role.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 48,053 points as against previous day’s closing of 47,247 points, showing an increase of 805 points.

Analysts at Arif Habib Limited said that the market surged by 800 points during the session today and closed at a high note of 805 points.

Conversion of fixed income funds to Equities from institutional investors played a vital role in today’s index uptick. Brisk buying was observed in main board scrips, including HBL, UBL, PSO, SNGP, OGDC, ENGRO, HUBC, however, other sectors and scrips took cue as well, resulting in across the board buying activity. Among scrips, TPL led the table with 29.9 million shares, followed by WTL (28.2 million) and TRG (27.2 million).

Sectors contributing to the performance include Technology (+163 points), Cement (+144 points), Banks (+107 points), Fertilizer (+87 points) and Power (+51 points).

Volumes increased from 412.2 million shares to 475.2 million (+15 per cent DoD). Average traded value increased substantially from US$ 93.9 million as against US$ 133.8 million.

Stocks that contributed significantly to the volumes include TPL, WTL, TRG, TREET and BYCO, which formed 27 per cent of total volumes.

Stocks that contributed positively to the index include TRG (+121 points), LUCK (+79 points), HUBC (+40 points), SYS (+35 points) and ENGRO (+31 points). Stocks that contributed negatively include AGP (-7 points), KOHC (-5 points), ABOT (-3 points), ANL (-2 points) and ABL (-2 points).