Category: Stock & Commodity

KARACHI: The share market gained 181 points on Wednesday as buying activity witnessed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) Index closed at 43,088 points as against previous day’s close of 42,907 points showing an increase of 181 points.

Analysts at Arif Habib Limited said that after posting a loss of around 1200 points since last Friday, market moved cautiously taking cue from stability in international crude oil prices as well as renewed buying activity in Cement sector scrips that added a total of 309 points during the session and closing +181 points.

Besides Cement, Investors opted for Banks (HBL), O&GMCs (PSO), E&P (OGDC & PPL) and Engineering / Steel (ISL, INIL) that helped stage recovery in Index.

Rollover week will end tomorrow, however, the pertinent scrips (UNITY, TRG and NETSOL) have largely covered ground to cause any concern. Among scrips, PRL topped the volumes with 26.9 million shares, followed by MLCF (17.7 million) and TRG (16.2 million).

Sectors contributing to the performance include Cement (+81 points), Autos (+19 points), Engineering (+18 points), Banks (+17 points) and Insurance (+17 points).

Volumes declined from 561.8 million shares to 378.9 million shares (-33 percent DoD). Average traded value also declined by 22 percent to reach US$ 110.5 million as against US$ 140.9 million.

Stocks that contributed significantly to the volumes include PRL, MLCF, TRG, ICIBL and UNITY, which formed 24 percent of total volumes.

Stocks that contributed positively to the index include MLCF (+21 points), HBL (+20 points), LUCK (+18 points), ENGRO (+18 points) and CHCC (+13 points). Stocks that contributed negatively include MARI (-17 points), KTML (-10 points), POL (-10 points), FFC (-10 points) and MEBL (-9 points).

KARACHI: The stock market fell by 445 points on Tuesday due to selling pressure observed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,889 points as against the previous day’s close of 43,334 points showing a decline of 445 points.

Analysts at Arif Habib Limited said that the market opened on a positive note today and added 145 points on the board, before collapsing under the selling pressure from E&P, Banks and Cement sector stocks.

International crude oil prices remained subdued after yesterday’s blow and caused selling pressure in E&P stocks.

Similarly, foreign investors have been spring cleaning their holdings in the banking sector, before the close of the Calendar year, which has played a significant role in bringing the index as compared to the general ‘ill-founded’ notion of rollover week pressure. WTL snatched the top slot in trading volumes by posting 70.7 million, followed by ICIBL (30.8 million) and TRG (23.6 million).

Sectors contributing to the performance include Banks (-102 points), E&P (-54 points), Cement (-38 points), Technology (-35 points) and Autos (-31 points).

Volumes increased from 516.4 million shares to 561.9 million shares (+9 percent DoD). Average traded value maintained the level at US$ 140.9 million as against US$ 140.3 million (+0.4 percent DoD).

Stocks that contributed significantly to the volumes include WTL, ICIBL, TRG, TELE and PRL, which formed 30 percent of total volumes.

Stocks that contributed positively to the index include GHGL (+12 points), FFC (+10 points), SHEL (+9 points), ILP (+7 points) and KTML (+6 points). Stocks that contributed negatively include TRG (-40 points), PPL (-32 points), UBL (-25 points), MCB (-23 points) and ENGRO (-23 points).

KARACHI: Pakistan Stock Exchange (PSX) has announced the recipients of the Top 25 Companies Awards for the year 2019, a statement said on Monday.

As per tradition, the criteria for selecting such companies was also updated and upgraded in 2019 in line with the evolving business environment and requirements.

For the said year, the pre-requisites included a minimum distribution of 30 percent (including at least 15 percent cash dividend), shares traded 50 percent of the total trading days during the year, and that the company is not in the Defaulters’ Segment of the Exchange or trading in its shares have not been suspended on account of violation of Listing Companies & Securities Regulations of the Exchange during the said year.

The Top 25 Companies Award is a tradition at Pakistan Stock Exchange which goes back to 1978. Historically, the best performing listed companies in Pakistan are awarded this distinction.

Broadly speaking, companies which have outperformed others in the spheres of corporate governance, financial performance, and have added to shareholder value based on specific quantitative criteria, amongst other factors, make it to the Top 25 Companies List.

This award takes into account the excellent performance metrics of such companies and recognizes the able guidance of their boards and strong management.

By awarding and recognizing such role models, Pakistan Stock Exchange seeks to promote more such listed companies to come to the fore and make their rightful claim on the award by virtue of their excellent performance and contribution to Pakistan’s economy.

On the announcement of the Top 25 Companies Awards recipients, the MD & CEO of Pakistan Stock Exchange, Farrukh H. Khan, stated, “Top 25 Companies Award is the most prestigious recognition of overall corporate performance in Pakistan. I would like to congratulate all the companies that have achieved this distinction for 2019.

“They are leaders and role models for other corporates to emulate. These companies have created tremendous shareholder value, contributed significantly to Pakistan’s economy and have projected a positive image of Pakistan globally.”

He further stated, “I am also excited to share that for the year 2020, PSX has further improved the criteria for the Top 25 Companies award to take into account current trends and developments in the investment industry. This includes focus on total shareholder returns rather than just dividends, reporting on diversity and sustainable development goals (SDGs), amongst others changes.“

In 2019, the distribution of marks awarded to the companies was based on the criteria of Capital Efficiency (20.5 percent marks), Dividend Distribution including Bonus (20 percent marks), Growth in Operating Revenue (6 percent marks), Change in EBITDA Margin (6 percent marks), Free-float of Shares (10 percent marks), Turnover of Shares (2.5 percent marks), Corporate Governance & Investor Relation (35 percent marks). This brings the total to 100 percent marks signifying the different criteria for selecting companies for the Top 25 Companies Awards.

The companies that made it to the Top 25 Companies Awards list in 2019, in order of their performance ranking, are:

1. Fauji Fertilizer Company Limited

2. Nestle Pakistan Limited

3. Lucky Cement Limited

4. Habib Bank Limited

5. Archroma Pakistan Limited

6. Engro Fertilizers Limited

7. Security Papers Limited

8. Bank AL Habib Limited

9. United Bank Limited

10. Colgate – Palmolive (Pakistan) Limited

11. Mari Petroleum Company Limited

12. Attock Petroleum Limited

13. Dawood Hercules Corporation Limited

14. Pakistan Oilfields Limited

15. Bata Pakistan Limited

16. International Industries Limited

17. MCB Bank Limited

18. International Steels Limited

19. Millat Tractors Limited

20. Agriautos Industries Limited

21. Engro Corporation Limited

22. EFU General Insurance Limited

23. ZIL Limited

24. AGP Limited

25. Gadoon Textile Mills Limited

In the challenging economic environment faced by Pakistan in view of the coronavirus pandemic, the recognition of these companies by Pakistan Stock Exchange will not only bring them the attention of local and foreign investors, analysts and portfolio managers but will also cast a positive light on Pakistan’s business, economic and financial sectors, locally as well as globally.

KARACHI: The stock market ended down by 407 points on Monday owing to lower oil prices in international markets after lockdown fears on fast spread of coronavirus.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,334 points as against 43,741 points showing a decline of 407 points.

First day of the rollover week met the vengeance of international crude oil prices, which fell by more than 5 percent during the trading hours today (due to lock-down fears in the developed countries).

Scrips that are the subject of rollover largely performed well as against the main board.

E&P sector saw heavy selling pressure, followed by Bank and Cement sectors primarily due to profit booking as was observed on Friday when the Index virtually touched base with 44,000 level. Among scrips, WTL topped the volumes with 36.5 million shares, followed by TRG (35.1 million) and ICIBL (30.9 million).

Sectors contributing to the performance include E&P (-178ps), Banks (-92 points), Cement (-45 points), Fertilizer (-36 points) and Autos (-23 points).

Volumes increased from 482.6 million shares to 516.3 million shares (+7 percent DoD). Average traded value however, declined by 5 percent to reach US$ 139.7 million as against US$ 147.6 million.

Stocks that contributed significantly to the volumes include WTL, TRG, ICIBL, PRL and PAEL, which formed 28 percent of total volumes.

Stocks that contributed positively to the index include PAKT (+14 points), SRVI (+14 points), FFC (+9 points), TRG (+9 points) and KTML (+8 points). Stocks that contributed negatively include OGDC (-69 points), PPL (-60 points), HBL (-33 points), ENGRO (-32 points) and POL (-31 points).

KARACHI: The stock market likely to extend its bull run on the back of easing in political noise. Further, vaccine for coronavirus may also help in boosting investors’ sentiments.

Analysts at Arif Habib Limited said that the index is expected to continue extending its bull run on the back of diluting political noise.

 Moreover the approval of Moderna’s vaccine is expected any time soon which is another leap forward in the battle against COVID-19.

Healthy corporate earnings are expected during second quarter of the current fiscal year which should continue fueling the positive sentiments.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) index is currently trading at a PER of 7.4x (2021) compared to Asia Pac regional average of 14.1x and while offering DY of 6.1 percent versus 2.4 percent offered by the region.

The local bourse continued its bullish momentum this week, settling at 43,741 points (up 2.3 percent WoW). This week the index also crossed a 2.5-Yr high and thus now stands at the highest level during the present government’s tenure.

US FDA’s finding of Moderna’s vaccine as “highly effective” was a big step closer to the approval of another vaccine (after Pfizer/BioNTech’s vaccine) – a major boon for global investment sentiment. This week Pakistan paid its second installment of the USD 3 billion loan from Saudi Arabia, through commercial borrowing from China.

 Moreover, POL products’ prices were raised this week (up to 7.9 percent) on the back of recovery in global oil prices (Arab Light is up 19 percent MoM).

Sector-wise positive contributions came from i) Banks (342 points), ii) Fertilizers (231 points), and iii) Oil & Gas Exploration (202 points) while Power Generation & Distribution declined 37 points. Scrip-wise positive contributions were led by OGDC (112 points), FFC (95 points), MEBL (68 points), ENGRO (64 points), and PSO (63 points). HUBC and KOHC led the negative contributions, declining 43 and 15 points respectively.

Foreign selling continued this week clocking-in at USD 9.4 million compared to a net sell of USD 9.6 million last week. Selling was witnessed in Commercial Banks (USD 11.0 million) and Fertilizer (USD 1.4 million). On the domestic front, major buying was reported by Banks / DFIs (USD 7.1 million and Individuals (USD 5.1 million). Average volumes arrived at 549 million shares (up by 22 percent WoW) while average value traded settled at USD 154 million (up by 25 percent WoW).

KARACHI: The stock market ended down by 26 points on Friday in a range bound trading activity during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,741 points as against 43,767 points showing a decline of 26 points (-0.1 percent DoD).

Analysts at Arif Habib Limited said that the market traded range bound today with an oscillation of around 300 points between +188 points and -128 points.

The index closed -26 points, however, it virtually touched 44,000 level intra-day. Investors were already perturbed about the coming short roll-over week, which has generally brought selling pressure, and also had to face a fresh threat as highlighted by FO press conference, relayed in the last hour of trading.

Investors, in general, resorted to profit booking rather than carrying positions over the weekend. Key stocks in Banks, E&P and O&GMCs helped the index stay afloat.

Last half hour saw brisk activity in Steel sector that improved the price performance of underlying stocks. Among scrips, PRL topped the volumes with 38 million shares, followed by FFL (31.4 million) and KEL (28.6 million).

Sectors contributing to the performance include O&GMCs (+21 points), Autos (+14 points), Banks (+14 points), Fertilizer (-42 points) and Cement (-26 points).

Volumes declined from 497.5 million shares to 482.6 million shares (-3 percent DoD). Average traded value on the contrary increased by 5 percent to reach US$ 148.2 million as against US$ 140.8 million.

Stocks that contributed significantly to the volumes include PRL, FFL, KEL, ICIBL and PAEL, which formed 30 percent of total volumes.

Stocks that contributed positively to the index include PSO (+28 points), THALL (+15 points), ANL (+14 points), HBL (+10 points) and NBP (+9 points). Stocks that contributed negatively include ENGRO (-34 points), PPL (-11 points), HUBC (-10 points), KTML (-7 points) and KOHC (-7 points).

KARACHI: The stock market gained 407 points on Thursday owing to uptick in prices of international crude oil which helped energy scrips at the local bours.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,767 points as against 43,360 points showing an increase of 407 points.

Analysts at Arif Habib Limited said that another day, another uptick in KSE100 index, which was attributed to a consistent and gradual increase in international crude oil prices that has seen an overnight jump of 2 percent in Brent and WTI prices.

Resultantly, OGDC and PPL ramped up with significant trading volumes. Among banks, HBL performed well especially in the last hour of trading that ensured decent closing above LDCP and recent past.

Other sectors that contributed to today’s performance were Fertilizer (on the back of input tax adjustment) and Cement. Among scrips, PRL led the table with 45.1 million shares, followed by PAEL (41.6 million) and KEL (28.8 million).

Sectors contributing to the performance include Banks (+90 points), E&P (+67 points), Fertilizer (+62 points), Cement (+30 points) and O&GMCs (+26 points).

Volumes increased further from 433 million shares to 497.5 million shares (+15 percent DoD). Average traded value also increased by 5 percent to reach US$ 140.8 million as against US$ 133.5 million.

Stocks that contributed significantly to the volumes include PRL, PAEL, KEL, ANL and FFL, which formed 32 percent of total volumes.

Stocks that contributed positively to the index include HBL (+46 points), PPL (+33 points), ENGRO (+28 points), OGDC (+26 points) and EFERT (+18 points). Stocks that contributed negatively include HUBC (-14 points), BAHL (-4 points), NML (-4 points), PAKT (-2 points) and KTML (-2 points).

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).