Category: Stock & Commodity

KARACHI: The stock market gained 389 points on Thursday as sentiments of business community were high after meeting with Chief of Army Staff (COAS).

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,752 points as against 32,363 points showing an increase of 389 points.

Analysts at Arif Habib Limited said that the market stayed pumped up the entire session after an initial drop of 83 points earlier in the session.

Although oil prices showed negative trend, E&P scrips managed to stay afloat with nominal price gains. Several stocks in Cement, Refinery and OMCs hit upper circuit.

Meeting of businessmen with Army Chief improved sentiments at the bourse, with the expectation of concrete steps being taken now onwards.

Investors put fears of FATF, higher interest rate and Inflationary concerns on the back burner and took positive view on market.

Overall volumes hit a new high of CY19 with 324 million shares. Cement sector led the volumes with 39.1 million shares, followed by Power (+37.8 million) and Engineering (31.6 million).

Among scrips, KEL managed to post 35.7 million shares followed by UNITY (22.7 million) and DSL (11.8 million).

Sectors contributing to the performance include Banks (+90 points), Cement (+65 points), Fertilizer (+55 points), Power (+40 points), O&GMCs (+27 points).

Volumes hit an 11month high of 324.1 million shares against 181.4 million shares (+79 percent DoD). Average traded value also surged by 68 percent DoD to reach US$ 58.2 million as against US$ 34.7 million.

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

Stocks that contributed positively include HBL (+31 points), LUCK (+28 points), ENGRO (+24 points), KEL (+20 points) and FFC (+20 points). Stocks that contributed negatively include POL (-9 points), MUREB (-6 points), COLG (-5 points), NESTLE (-3 points), and GHGL (-3 points).

KARACHI: The stock market ended with gain of 109 points on Wednesday while trading in a narrow range activity.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,363 points as against 32,254 points showing an increase of 109 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range between +134 points and -74 points, closing the session at +130 points. Oil, as usual, had a field day with international crude prices on the decline.

Refinery and OMCs remained unaffected from decline in oil prices. Cement sector stayed in the limelight on the back of potential increase in cement price in North Region that had investors buying cement scrips consecutively.

By the end of session, WTL announced intention to acquire more than 30 percent shares by Elko Broadband Inc that gave perspective to consistently high volumes in WTL.

On the whole, Cement sector led the volumes table with 46.2 million shares, followed by Technology (21.7 million) and Vanaspati (15.9 million). MLCF topped the charts with 16.3 million shares, followed by UNITY (15.9 million) and WTL (13.5 million).

Sectors contributing to the performance include Banks (+99 points), Cement (+47 points), O&GMCs (+18 points), E&P (-45 points), Fertilizer (-19 points).

Volumes maintained the level seen yesterday with 181.3 million shares against 180.7 million shares (+0.3 percent DoD). Average traded value increase by 8 percent to reach US$ 34.7 million as against US$ 32 million.

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

Stocks that contributed positively include HBL (+82 points), UBL (+20 points), NBP (+12 points), DGKC (+12 points) and BAFL (+11 points). Stocks that contributed negatively include OGDC (-20 points), DAWH (-18 points), MCB (-17 points), PPL (-13 points), and POL (-12 points).

The Pakistan stock market witnessed a positive session on Tuesday, with the benchmark KSE-100 index gaining 175 points. The index closed at 32,254 points, up from the previous close of 32,079 points, driven by buying interest in several key sectors.

(more…)

KARACHI: The share market gained eight points on Monday in a mixed trading activity.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,079 points as against 32,070 points showing an increase of 8 points.

Analysts at Arif Habib Limited said that the first day of the week coincided with last day of September.

Activity in the market on close reflected an increase in prices of blue chip stocks, which must have helped institutions maintaining value of their portfolios.

Overall, market went up by 324 points against a later decline towards -141 points.

E&P scrips along with MCB and HUBC managed to keep the index float, however, the price gains in these stocks were not significant.

The 100 Index managed to post decent volumes at 165 million shares as compared to last trading session, most of which came from Power sector (61.6 million) followed by Cement (18.5 million) and Banks (16.3 million).

KEL emerged top among volume leaders with 55.4 million shares, followed by BOP (10.8 million) and WTL (9.1 million).

Sectors contributing to the performance include E&P (+42 points), Fertilizer (+14 points), Banks (-26 points), Tobacco (-11 points) and Investment Banks (-11 points).

Volumes increased from 135.2 million shares to 165.2 million shares (+22 percent DoD).

Average traded value, on the contrary, witnessed a decline of -0.8 percent DoD from US$ 27.2 million against US$ 27 million.

Stocks that contributed significantly to the volumes include KEL, BOP, WTL, MLCF and PIBTL, which formed 53 percent of total volumes.

Stocks that contributed positively include PPL (+29 points), POL (+14 points), BAFL (+10 points), EFUG (+7 points) and EFERT (+6 points). Stocks that contributed negatively include HBL (-23 points), LUCK (-16 points), PMPK (-11 points), DAWH (-11 points), and UBL (-8 points).

KARACHI: The stock market may move in positive territory next week owing to narrow trade deficit and stable foreign exchange reserves.

Analysts at Arif Habib Limited said that the market to be positive during the coming week.

“With the trade deficit narrowing and foreign reserves stabilizing investor sentiment is likely to be positive,” they added.

KSE-100 index commenced on a negative note this week, with SBP forecasting the inflation to remain high for the next two years.

Moreover the ADB projected a slowdown in the economy which kept the sentiment weak. However, the recent improvement on the macro-economic front cushioned the dip and positive news flow from the US regarding the Kashmir issue uplifted sentiments on Friday. The index closed at 32,070 points (-40 points WoW).

Sector-wise negative contributions came from i) Commercial Banks (122 points), ii) Power Generation & Distribution (24 points), iii) Chemical (21 points), iv) Pharmaceuticals (14 points), and v) Automobile Parts & Accessories (13 points). Scrip-wise negative contributions were led by HBL (67 points), HUBC (56 points), UBL (29 points), SEARL (27 points) and NBP (23 points).

Foreign selling was witnessed this week clocking-in at USD 8.8 million compared to a net buy of USD 7.8 million last week. Selling was witnessed in Cement (USD 2.4 million) and Commercial Banks (USD 2.2 million).

On the domestic front, major selling was reported by Banks/DFIs (USD 6.7 million) and Broker Proprietary Trading (USD 6.2mn). Average Volumes settled at 108 million shares (down by 12 percent WoW) while average value traded clocked-in at USD 25 million (down by 24 percent WoW).

KARACHI: The share market gained 637 points on Friday owing to significant buying activities during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,071 points as against 31,434 points showing an increase of 637 points (+2 percent DoD).

Analysts at Arif Habib Limited said that the market opened on a positive note with +94 points although volume at start was very low.

By the end of first session, the benchmark index grew by 261 points posting a volume of 36.9 million shares.

Second session saw significant jump in both volumes and points with an overall volume of 134.5 million shares and index surging by 650 points.

Besides oil chain (E&P, OMCs, Refinery), buying activity was observed in Cement sector (which had expectation of increase in Cement prices in North) and also in the Banking sector.

Cement sector led the volumes with 22.7 million shares (courtesy of MLCF (13.1 million) & DGKC (3.4 million)), followed by Banks (20.9 million) and Power (20.8 million).

Among Banks, BOP traded the most with 14.4 million shares and Power sector had KEL with 17.6 million shares.

Sectors contributing to the performance include Banks (+182 points), E&P (+136 points), Power (+61 points), Fertilizer (+57 points) and Cement (+49 points).

Volumes increased from 124.5 million shares to 135.1 million shares (+9 percent DoD). Average traded value also increased by 20 percent to reach US$ 27.2 million as against US$ 22.6 million.

Stocks that contributed significantly to the volumes include KEL, BOP, MLCF, WTL and PAEL, which formed 44 percent of total volumes.

Stocks that contributed positively include HBL (+74 points), OGDC (+51 points), UBL (+46 points), PPL (+45 points) and HUBC (+39 points). Stocks that contributed negatively include AGIL (-2 points), THALL (-2 points), COLG (-1 points), SYS (-1 points), and BWCL (-1 points).

KARACHI: The stock market ended down by 131 points due to adjustments in blue chip scrips.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 31,434 points as against 31,565 points showing a decline of 131 points.

Analysts at Arif Habib Limited said that the market has been trading in a narrow range for the past week without breaching 31,000 level, although recent sessions have seen Index largely adjusting downwards.

Selling pressure was evident in index heavy weights like ENGRO, LUCK, OGDC, PPL, HBL and UBL, which kept any increase firmly in check.

Market on Close saw rates spiking for KEL, BOP, LUCK, OGDC. Power sector performed well in volume terms by registering 34.5 million shares on the bourse, out of which KEL garnered 31.4 million shares.

This was followed by Cement Sector (17.4 million) and Technology (14.9 million).

Among scrips, WTL and MLCF trailed KEL with 11.8 million and 10.4 million shares respectively.

Sectors contributing to the performance include Banks (-55 points), Fertilizer (-47 points), O&GMCs (-20 points), Power (-18 points) and Chemical (-12 points).

Volumes increased further from 104.7 million shares to 124.2 million shares (+19 percent DoD). Average traded value, on the contrary, declined by 15 percent to reach US$ 22.6 million as against US$ 26.7 million.

Stocks that contributed significantly to the volumes include KEL, WTL, MLCF, ASTL and BOP, which formed 49 percent of total volumes.

Stocks that contributed positively include MCB (+21 points), KEL (+13 points), DAWH (+12 points), EFUG (+6 points) and BOP (+6 points). Stocks that contributed negatively include HBL (-46 points), ENGRO (-40 points), HUBC (-36 points), BAFL (-16 points), and SEARL (-11 points).

Related Stories

Stock market remains traded in narrow range; ends down by 264 points