Category: Stock & Commodity

KARACHI: The stock market remained in red zone on Friday owing to selling pressure and lost another 344 points on the last trading day of the week.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) was ended by 344 points to 38950 points from previous day’s closing of 39294 points.

The analysts said that the recently approved finance bill by the parliament failed to uplift the sentiments of investors.

The stock market was witnessing a continuous decline over the past few days owing to economic conditions of the country and discouraging profitability of corporate sector.

KARACHI: The equity market ended down by 274 points on Thursday due to selling pressure.

The benchmark KSE-100 index closed at 39,294 points as against 39,568 points showing a decline of 274 points.

Analysts at Arif Habib Limited said that the market was remained under pressure today and after exclusion of trades in BOP, the market has been timid since Monday.

Banking sector again led the volumes table, and for the fourth consecutive day in this week, BOP topped with 8 million shares.

BOP’s price went low again and the activity intensified in the last closing hour.

Chemical sector, on the other hand, gained some ground after a while. LOTCHEM & DOL appear in the top 10 volumes table in addition to price increase.

E&P sector was also among the sectors that caused selling pressure and pushed the index down.

Rumors of foreigners selling block of OGDC’s shares added pressure to the already declining stock price.

Sectors contributing to the performance include E&P (-68 points), Banks (-50 points), Power (-40 points), O&GMCs (-31 points), Fertilizer (-31 points), Autos (+37 points).

Volumes increased slightly from 81 million shares to 83 million shares (+2 percent DoD). Average traded value decreased by 3 percent to reach US$ 27.6 million as against US$ 28.4 million.

Stocks that contributed significantly to the volumes include BOP, STPL, LOTCHEM, DOL and KEL, which formed 32 percent of total volumes.

Stocks that contributed positively include INDU (+18 points), MEBL (+14 points), PMPK (+10 points), PSMC (+7 points), and HCAR (+7 points). Stocks that contributed negatively include OGDC (-48 points), HUBC (-32 points), BAHL (-27 points), PPL (-23 points) and UBL (-20 points).

KARACHI: The equity market ended down by 120 points on Wednesday owing to continued selling pressure.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,568 points as against 39,689 points showing a decline of 120 points.

Analysts at Arif Habib Limited said that the market remained under pressure during the day despite starting with positive 30 points.

During the session, the index saw oscillation of 351 points (-194 points to +157 points) and the ended the session in red (unadjusted).

Following the trend in past couple of sessions, banking sector again topped the chart, mainly contributed by BOP with 18 million shares however, price declined slightly.

Besides banking sector, Cement followed suit and investors took interest in DGKC, FCCL, MLCF and LUCK among others.

E&P, O&GMCs and Steel saw selling pressure and little interest was seen in underlying scrips.

Sectors contributing to the performance include Banks (-29 points), O&GMCs (-26 points), Power (-25 points), E&P (-25 points), Tobacco (-10 points), Cement (+22 points).

Volumes declined significantly from 164 million shares to 81 million shares (-50 percent DoD). Average traded value also declined by 33 percent to reach US$ 28 million as against US$ 42 million.

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

Stocks that contributed positively include BAHL (+19 points), PSEL (+18 points), LUCK (+9 points), EPCL (+8 points), and FCCL (+7 points).

Stocks that contributed negatively include OGDC (-24 points), HBL (-21 points), HUBC (-19 points), MCB (-14 points) and PSO (-12 points).

KARACHI: The equity market ended down by 61 points on Tuesday due to selling pressure during the day.

The benchmark KSE-100 index closed at 39,688 points as against 39,750 points showing a decline of 61 points.

Analysts at Arif Habib Limited said that market opened on a positive note with +25 points and 4 million shares at the opening bell, all of which traded in BOP.

Investors reposed confidence on BOP consecutively and throughout session stock price maintained trades above opening price.

Banking sector topped the traded volume with 76 million shares, out of which around 67 million is attributed to BOP.

Besides, Textile sector also came in the lime light today, where NCL remained prominent with ~7 million shares.

Market came under selling pressure near mid day which was mainly caused by concerns over anticipation of escalation of situation between Pakistan and India.

Sectors contributing to the performance include Banks (-51 points), E&P (-42 points), Cement (-25 points), Insurance (-14 points), Misc (+22 points) and Fertilizer (+15 points).

Volumes declined slightly from 168mn shares to 164 million shares (-2 percent DoD). Average traded value however remained the same at US$ 42 million.

Stocks that contributed significantly to the volumes include BOP, KEL, NCL, PIBTL and TRG, which formed 55 percent of total volumes.

Stocks that contributed positively include PSEL (+20 points), DAWH (+19 points), THALL (+11 points), KEL (+8 points), and GLAXO (+8 points). Stocks that contributed negatively include HBL (-24 points), PPL (-21 points), OGDC (-17 points), PSO (-11 points) and LUCK (-11 points).

KARACHI: The equity market ended with gain of 211 points as tension eases between Pakistan and India.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,750 points as against 39,539 points showing an increase of 211 points.

Analysts at Arif Habib Limited said that the market seems to have taken the path to complete recovery.

The concerns of India-Pakistan confrontation are apparently put to rest by the investors, and participation in stock market is also picking pace.

Today’s highlight was BOP’s financial result announcement that declared dividend in addition to high EPS, in comparison with corresponding figures.

Total traded volume in BOP was 90.8 million (54 percent of total market volume), while the scrip hit upper circuit.

Overall, the banking sector garnered 102 million shares, followed by Technology and Engineering (Steel) Sectors.

Post BOP’s result announcement, investors took positive bets in other scrips, such as SSGC, SNGP, NETSOL etc.

Sectors contributing to the performance include Banks (+118 points), Fertilizer (+58 points), O&GMCs (+44 points), Power (+26 points), Insurance (+19 points), E&P (-25 points).

Volumes increased from 137 million shares to 168 million shares (+23 percent DoD). However, average traded value declined by 21 percent to reach US$ 42 million as against US$ 53 million.

Stocks that contributed significantly to the volumes include BOP, TRG, PAEL, PIBTL and ISL, which formed 62 percent of total volumes.

Stocks that contributed positively include HBL (+54 points), UBL (+28 points), BOP (+24 points), PSO (+21 points), and EFERT (+18 points). Stocks that contributed negatively include PPL (-26 points), MCB (-18 points), SEARL (-14 points), HMB (-7 points) and MARI (-7 points).

KARACHI: After witnessing decline the equity market likely to bounce back during next week after ease in stand off between Pakistan and India.

Analysts at Arif Habib Limited hoped that the market to bounce back next week with tension between India and Pakistan to face a significant suppression following the release of the IAF pilot today.

Enticing valuations of various stocks open up lucrative buying opportunities.

The benchmark KSE-100 index remained in the red this week primarily owing to immense tension between Pakistan and India following the Pulwama attacks.

The intensity of the situation resulted in cross border intrusions by both countries’ respective air forces, and Pakistan arresting one IAF pilot after striking down a fighter jet.

Following intervention of international powers, especially of President Trump, the investor sentiment improved and the market responded positively to the defusing tension towards the end of the week.

The KSE-100 index declined 477 points this week, to close at 39,539 points.

Sector-wise negative contributions came from i) Cements (125 points), ii) Oil & Gas Exploration Companies (70 points), iii) Oil & Gas Marketing Companies (58 points), iv) Commercial Banks (58 points), and v) Power Generation (47 points).

On the flip side, sectors that contributed positively include i) Tobacco (92 points) and ii) Miscellaneous (7 points). Scrip-wise major losers were LUCK (61 points), MCB (54 points), PPL (46 points), NESTLE (33 points) and UBL (30 points).

Foreign selling was witnessed this week clocking-in at USD 1.3 million compared to a net buy of USD 3.5 million last week.

Selling was witnessed in Commercial Banks (USD 1.9 million) and Exploration & Production (USD 0.4 million).

On the domestic front, major buying was reported by Insurance Companies (USD 15.6 million) and Companies (USD 4.7 million).

Volumes during the week settled at 160 million shares (up by 52 percent WoW) whereas value traded arrived at USD 51 million (up by 33 percent WoW).

Other major news: i) Up to 10 percent hike in petroleum prices proposed, ii) RLNG-based power project: Signing of PPA, RA with SNGPL allowed, iii) Singapore offers help in building 5 million low-cost houses, iv) SBP allows Islamic banks to offer refinance.

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Stock market gains 484 points on ease in border tension
KSE-100 gains 362 points amid Pak-India border tension

KARACHI: The stock market on Friday gained 484 points owing to ease in tension on Pak-India borders.

The benchmark KSE-100 index closed at 39,539 points as against 39,055 points showing an increase of 484 points.

Analysts at Arif Habib Limited said that lessening of tension at the border between Pakistan and India gave the index a solid reason to leap forward although the volumes did not increase as much.

Blue chip stocks such as HBL, UBL, ENGRO, OGDC, PPL, POL contributed to todays’ performance.

Banking sector led the volumes table with 24 million shares (topped by BOP), which was followed by Engineering sector (Steel scrips).

Financial results of MUGHAL helped improved sectoral performance and otherwise had ISL as main contributor, both of which hit upper circuit and closed near day’s high.

Sectors contributing to the performance include Banks (+175 points), E&P (+93 points), Fertilizer (+56 points), O&GMCs (+29 points), Misc (+25 points).

Volumes declined from 159 million shares to 137 million shares (-14 percent DoD).

Average traded value remained unchanged at US$ 53 million.

Stocks that contributed significantly to the volumes include BOP, OGDC, KEL, PAEL and PIBTL, which formed 21 percent of total volumes.

Stocks that contributed positively include HBL (+76 points), OGDC (+56 points), DAWH (+38 points), BAHL (+36 points), and UBL (+33 points).

Stocks that contributed negatively include EFUG (-7 points), BAFL (-7 points), HMB (-6 points), ASTL (-3 points) and ICI (-3 points).

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KSE-100 gains 362 points amid Pak-India border tension

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended with gain of 362 points despite tension on the Pak-India borders.

The index closed at 39,055 points as against 38,693 points showing an increase of 362 points.

Analysts at Arif Habib Limited said that the market opened on a positive note today and leaped by 123 points at the opening.

During the session, the index increased by 456 points, however, later the investors showed concern due to tensions on the border, which resulted in a decline of 134 points.

Market recovered back in the last trading hours that resulted in an adjusted closing of +362 points.

Though volumes declined as compared to yesterday, nonetheless healthy volumes were seen in the end.

Banking sector led the volumes table with 24 million shares, which was topped by BOP.

Sectors contributing to the performance include Banks (+63 points), Autos (+37 points), Pharma (+35 points), Tobacco (+33 points), Miscellaneous (+29 points).

Volumes declined from 274 million shares to 159 million shares (-42 percent DoD). Average traded value also declined by 28 percent to reach US$ 53 million as against US$ 74 million.

Stocks that contributed significantly to the volumes include BOP, WTL, KEL, PAEL and FCCL, which formed 29 percent of total volumes.

Stocks that contributed positively include DAWH (+36 points), PAKT (+33 points), OGDC (+29 points), PSEL (+23 points), and MEBL (+19 points). Stocks that contributed negatively include MCB (-19 points), NESTLE (-14 points), PPL (-12 points), ENGRO (-11 points) and EFERT (-11 points).

KARACHI: In a dramatic turn of events, the Pakistani equity market showcased remarkable resilience, recovering swiftly on Wednesday after a sharp plunge of over 1,400 points attributed to escalating tensions at the Pak-India borders.

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