Category: Stock & Commodity

KARACHI: The equity market gained 274 points on Wednesday in range bound trading activities.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 29,506 points as against 29,232 points showing an increase of 274 points.

Analysts at Arif Habib Limited said that the market traded range bound today, oscillating between -330 points and +460 points during the session and closed +274 points.

CPI based inflation release matched street consensus at 10.2 percent that gave confidence to the investors that the upcoming number would be even lower, raising the hopes that yield on fixed instruments, particularly T-Bills and PIB will dip further.

Secondary market 5-year PIB was seen trading 9.1 percent.

Today’s trading session saw profit booking as well that kept the overall market range bound, perhaps weakness in global equity and commodities market caused investors to rethink their decision.

Cement sector led the volumes with 51.1 million shares, followed by O&GMCs (24.6 million) and Banks (15.9 million). Among scrips, HASCOL topped the chart with 25.8 million, followed by MLCF (19 million) and KEL (16.8 million).

Sectors contributing to the performance include Banks (+46 points), Textile (+37 points), Auto (+33 points), Inv Banks (+33 points) and E&P (+32 points).

Volumes declined from 222 million shares to 193.7 million shares (-13 percent DoD). Average traded value also dipped by 9 percent to reach US$ 40.1 million as against US$ 44.1 million.

Stocks that contributed significantly to the volumes include MLCF, HASCOL, UNITY, OGDC and PIOC, which formed 37 percent of total volumes.

Stocks that contributed positively to the index include MARI (+35 points), DAWH (+35 points), MCB (+24 points), ENGRO (+23 points) and UBL (+23 points). Stocks that contributed negatively include MEBL (-24 points), LUCK (-18 points), EFERT (-12 points), NESTLE (-10 points), and OGDC (-10 points).

KARACHI: The share market gained over 1,200 points on Tuesday owing to reports of tax relief announced by the government.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 29,231 points as against 28,023 points showing an increase of 1208 points.

Analysts at Arif Habib Limited said that the market opened on a positive note today with 62 points and did not see back since then.

The ascent continued till 1311 points in the benchmark index and closed the session +1208 points.

The overriding factor that helped investors take a positive view on the market seems to be weakening selling pressure from Foreign Investors as well as the recent announcements on tax relief by the Government that include select relief on account of custom duty, additional duties and GST.

Also the prospect of end of lock down, as April begins, boosted investor confidence to take a positive view on equities. Cement sector led the volumes with 51.8 million shares, followed by O&GMCs (31.5 million) and Power (23.4 million).

Among scrips, HASCOL posted trading volumes of 25.8 million shares, followed by MLCF (19 million) and KEL (16.7 million).

Sectors contributing to the performance include Banks (+339 points), Fertilizer (+161 points), E&P (+125 points), Power (+117 points) Cement (+109 points).

Volumes increased from 159.5 million shares to 221.8 million shares (+39 percent DoD). Average traded value also increased by 74 percent to reach US$ 44.1 million as against US$ 25.3 million.

Stocks that contributed significantly to the volumes include HASCOL, MLCF, KEL, OGDC and UNITY, which formed 39 percent of total volumes.

Stocks that contributed positively to the index include ENGRO (+90 points), HUBC (+84 points), MCB (+78 points), UBL (+76 points) and HBL (+55 points). Stocks that contributed negatively include MUREB (-3 points), DCR (-2 points), IDYM (-2 points), JLICL (-1 points), and JDWS (-1 points).

KARACHI: The equity market has lost 86 points on Monday owing to lowering international oil prices and bearish regional markets, analysts said.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 28,023 points as against 28,110 points showing a decline of 86 points.

Analysts at Arif Habib Limited said that the market opened on a negative note today with -127 points and continued trending down throughout the session to realize a loss of -642 points.

Slump in international crude oil prices as well as bearish performance of Regional Stock markets caused selling pressure at PSX. Cement sector came out as the winner, following on the trajectory shown on the last trading day on account of possible relief package for real estate construction sector.

Resultantly, MLCF hit upper circuits, whereas DGKC also traded near upper circuit. Due to significant price reductions during the later half of the outgoing month also gave hope to the Investors of a reduction in monthly CPI number.

Power sector led the volumes with 41 million shares, followed by Cement (29.5 million) and Banks (18 million). Among scrips, KEL topped the chart with 35 million shares, followed by MLCF (9.6 million) and HASCOL (7.2 million).

Sectors contributing to the performance include E&P (-133 points), Banks (-95 points), Tobacco (-19 points), Cement (+136 points), Power (+47 points), Pharma (+12 points).

Volumes declined from 169.5 million shares to 159.4 million shares (-6 percent DoD). Average traded value also by 0.3 percent to reach US$ 25.4 million as against US$ 25.6 million.

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

Stocks that contributed positively to the index include LUCK (+65 points), FFC (+38 points), HUBC (+32 points), DGKC (+18 points) and FCCL (+17 points). Stocks that contributed negatively include PPL (-73 points), OGDC (-46 points), UBL (-35 points), UBL (-20 points), and PAKT (-19 points).

KARACHI: The share market collapsed on Tuesday and witnessed seventh lower lock as investors were eying bailout package from the government.

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KARACHI: The share market may remain under pressure due to coronavirus spread and reports of lockdown in major cities of the country.

Analysts at Arif Habib Limited expect the equity bourse to remain under pressure on account of fast spreading Coronavirus and news regarding lockdown of major cities (Karachi and Lahore) which will keep the investors sentiment dull.

On the other hand, foreign selling in both, the equity market and debt securities, may keep the local currency under stress.

However, improvement witnessed on macroeconomic front, with the Current Account Deficit (CAD) shrinking by 71 percent YoY in first eight months of current fiscal year along with decline in international oil prices and lower inflation forecast, should bode well for overall economy in the medium term.

The benchmark KSE-100 of Pakistan Stock Exchange (PSX) is currently trading at a PER of 5.7x (2020) compared to Asia Pac regional average of 10.2x while offering a dividend yield of around 9.0 percent versus around 3.1 percent offered by the region.

The KSE-100 index took a heavy battering with the market recording its largest weekly decline of 5,393 points (points wise largest in history and in percentage terms largest decline since December 2008).

Trading began on a negative note this week with manifestation of the unstoppable Coronavirus Pandemic in Pakistan and across the globe which triggered an investor stampede.

Whereas declining international oil prices also caused panic amongst market participants as witnessed in a rout in global equities.

Albeit, local investors anxiously looked forward to the announcement of the monetary policy this week whereby the State Bank cut its benchmark policy rate by a meagre 75 basis points against higher expectations (hence met with a disappointing reaction at the index) with other countries also jumping on the bandwagon of swift monetary action.

As a result, the benchmark KSE-100 index closed at 30,667 points, down by 15 percent WoW and witnessing trading halts on 4/5 days.

Contribution to the downside was led by i) Commercial Banks (1,484 points), ii) Cements (729 points), iii) Oil and Gas Exploration Companies (537 points), iv) Power Generation and Distribution (424 points), and v) Fertilizer (408 points). Scrip wise major losers were HBL (372 points), UBL (366 points), LUCK (361 points), HUBC (334 points), and MCB (264 points). Whereas, scrip wise major gainers were PAKT (9 points), and IBFL (2 points).

Foreigners offloaded stocks worth of USD 20 million compared to a net sell of USD 23 million last week.

Major selling was witnessed in Commercial Banks (USD 6.0 million) and Cements (USD 5.0 million).

On the local front, buying was reported by Insurance Companies (USD 23.5 million) followed by Individuals (USD 19.5 million).

That said, average daily volumes for the outgoing week were down by 10 percent to 239 million shares likewise value traded decreased by 33 percent to USD 55 million.

KARACHI: The equity market gained 538 points on Friday after investors have shown interest in banking and fertilizers scrips.

The Index closed at 30,667 points as against 30,130 points showing an increase of 538 points.

Analysts at Arif Habib Limited said that the market carried the momentum showed yesterday and opened with a large stride of +716 points having fetched 1.5 million shares.

Fertilizer, E&P and Banking sectors turned out to be major avenues where investors took interest. International crude prices also went up overnight and traded +3 percent that helped E&P scrips hitting upper circuit.

During the session the index oscillated between -226 points and +798 points, closing +538 points. Cement sector topped the volumes with 58.7 million shares followed by Banks (31.1 million) and Power (28.6 million).

Among scrips, KEL posted trading volumes of 23.4 million shares, followed by MLCF (16.6 million) and BOP (15 million).

Sectors contributing to the performance include E&P (+250 points), Banks (+203 points), Fertilizer (+138 points), Power (+52 points), Tobacco (+24 points), Cement (-46 points), Textile (-38 points).

Volumes declined from 308.3 million shares to 245.0 million shares (-21 percent DoD). Average traded value also declined by 16 percent to reach US$ 53.4 million as against US$ 63.7 million.

Stocks that contributed significantly to the volumes include KEL, MLCF, BOP, FCCL and UNITY, which formed 34 percent of total volumes.

Stocks that contributed positively to the index include ENGRO (+107 points), HBL (+106 points), OGDC (+83 points), PPL (+83 points) and POL (+52 points). Stocks that contributed negatively include DAWH (-30 points), SNGP (-21 points), NML (-19 points), MEBL (-18 points), and MLCF (-16 points).

KARACHI: The share market witnessed sixth lower lock in second week of bear run on Thursday. However, it trims losses later in the day by losing 286 points at the closing bell.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 30,130 points as against 30,416 points showing a decline of 286 points (-0.9 percent DoD).

Analysts at Arif Habib Limited said that the market witnessed the 6th halt today when the benchmark KSE100 index dropped 1,562 points, having traded 8.5 million shares.

Overall the index lost 1964 points during the session, reaching 28,452 points, and rebounded to erase all the losses and trading 100 points green for a while, only to resume selling later on.

The index closed 286 points down from LDCP. Buying activity was largely observed in Fertilizer, Banking and Oil & Gas sector. Cement sector also saw buying activity initially which brought the cement sector scrips from lower lock to tradable range, however, selling activity brought these stocks back to lower circuits.

Cement sector led the volumes with 48.8 million shares, followed by Banks (43.3 million) and Power (36.9 million). Among scrips, KEL topped the volumes with 22.1 million, followed by UNITY (19.3 million) and BOP (18.8 million).

Sectors contributing to the performance include Cement (-179 points), Power (-104 points), O&GMCs (-55 points), Textile (-53 points), Food (-48 points), Fertilizer (215 points), Banks (115 points).

Volumes increased from 186.6 million shares to 308.3 million shares (+65 percent DoD). Average traded value also increased by 90 percent to reach US$ 63.8 million as against US$ 33.5 million.

Stocks that contributed significantly to the volumes include KEL, UNITY, BOP, FCCL and MLCF, which formed 30 percent of total volumes.

Stocks that contributed positively to the index include FFC (+91 points), ENGRO (+81 points), MCB (+66 points), BAHL (+52 points) and EFERT (+46 points). Stocks that contributed negatively include HUBC (-95 points), LUCK (-85 points), UBL (-65 points), NESTLE (-50 points), and DGKC (-26 points).

KARACHI: The equity market fell by over 2200 points or 6.7 percent on Wednesday as investors disappointed over lower than expected rate cut by the central bank.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 30,416 points as against 32,617 points showing a decline of 2201 points.

Analysts at Arif Habib Limited said that the market showed its disappointment to SBP’s Policy Rate cut in full force.

Market halt activated at -1683 points 10:17 PM with 57 million shares, an reopened at -1731 points with 66 million shares traded on KSE100.

Situation worsened over the time and majority of stocks hit lower circuits, causing the Index to plunge by a total of 2238 points during the session.

Market closed -2201 points. Although international markets traded positive yesterday but the Futures of respective indices failed to maintain the momentum, which also caused investors to stay cautious. Banking sector registered trading volume of 32.8 million shares, followed by Power (31 million) and Cement (22.7 million).

Among scrips, KEL topped the volumes with 25.5 million shares, followed by BOP (19.5 million) and HIFA (9.1 million).

Sectors contributing to the performance include Banks (-582 points), Fertilizer (-320 points), E&P (-292 points), Cement (-198 points) and Power (-164 points).

Volumes declined from 240.4 million shares to 186.7 million shares (-23 percent DoD). Average traded value also declined by 53 percent to reach US$ 33.5 million as against US$ 71.3 million.

Stocks that contributed significantly to the volumes include KEL, BOP, HIFA, MLCF and UNITY, which formed 36 percent of total volumes.

Stocks that contributed negatively include HBL (–145 points), ENGRO (-143 points), HUBC (-121 points), MCB (-105 points), and FFC (-101 points).