Category: Stock & Commodity

KARACHI: The stock market gained 126 points on Friday amid mixed trading sessions. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,633 points as against 42,507 points showing an increase of 126 points (+0.3 percent DoD).

Analysts at Arif Habib Limited said that the market recovered some losses made earlier during the week and closed the session +126.08 points.

During the session, the index swayed from -256 points to +200 points.

Cement sector gained both in volume and value, with KOHC hitting upper circuit and healthy buying activity observed in Cement heavy weights including LUCK, DGKC and MLCF.

E&P sector also showed some signs of recovery with PPL crossing recent highs.

Similarly, positive move was observed in Refineries, which saw ATRL and NRL closing at upper circuits. Cement Sector led the volumes with 36.5 million shares, followed by Food (18.8 million) and Banks (18.7 million).

Among scrips, MLCF registered trading volume of 17.3 million shares, followed by ASC (14 million) and HASCOL (13.9 million).

Sectors contributing to the performance include Cement (+41 points), E&P (+29 points), Power (+19 points), Textile (+18 points) and Banks (+15 points).

Volumes declined back from 230.8 million shares to 173.0 million shares (-25 percent DoD). Average traded value also declined by 31 percent to reach US$ 43.5 million as against US$ 63.2 million.

Stocks that contributed significantly to the volumes include MLCF, ASCR, HASCOL, UNITY and AVN, which formed 36 percent of total volumes.

Stocks that contributed positively include PPL (+42 points), BAHL (+17 points), LUCK (+16 points), HUBC (+15 points) and MCB (+15 points). Stocks that contributed negatively include POL (-21 points), HBL (-15 points), SHFA (-12 points), BAFL (-9 points), and PMPK (-8 points).

KARACHI: The stock market declined by 54 points on Thursday amid selling pressure in various scrips. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,507 points as against 42,561 points showing a decline of 54 points.

Analysts at Arif Habib Limited said that the market traded in the range of -122 points and +345 points, closing the session at -54 points.

Cement Sector stocks performed well on the expectation of rate hike in North and meeting among Cement manufacturers, however, later during the session the expectation did not materialize which resulted in Cement stocks losing price gains made earlier.

OGDC, which rebounded from yesterday’s lower circuit, maintained the position but closed red. Decline in international crude prices caused investors to stay cautious on Oil & Gas chain and therefore OMCs and Refineries faced selling pressure.

Cement sector led the volumes with 79.3 million shares, followed by Technology (34.9 million) and Banks (21.8 million). Among scrips, MLCF realized volumes of 27.5 million, followed by WTL (16.5 million) and FCCL (13.6 million).

Sectors contributing to the performance include Chemical (+14 points), Banks (+9 points), Tobacco (-32 points), Power (-14 points), Autos (-14 points), E&P (-11 points) and O&GMCs (-11 points).

Volumes increased from 178 million shares to 230.8 million shares (+30 percent DoD). Average traded value increased by 5 percent to reach US$ 63.2 million as against US$ 60.1 million.

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

Stocks that contributed positively include HBL (+24 points), COLG (+17 points), EFERT (+9 points), BAFL (+7 points) and SRVI (+7 points). Stocks that contributed negatively include PAKT (-32 points), LUCK (-14 points), HUBC (-13 points), OGDC (-12 points), and HMB (-11 points).

KARACHI: The stock market ended down by 65 points on Wednesday in mixed trading sessions during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,561 points as against 42,626 points showing a decline of 65 points.

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KARACHI: The equity market lost 121 points on Tuesday owing to selling pressure seen in major scrips.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,626 points as against 42,748 points showing a decline of 121 points.

Analysts at Arif Habib Limited said that the market continued facing downward pressure with the benchmark index slipping 409 points after registering an increase of 218 points earlier in the session.

PSO, among oil & gas plays and FFBL, among Fertilizer, contributed positively to the index, however, selling in Cement, Steel, E&P and Refinery sectors faced selling pressure, whereas banking sector stocks saw price gains in MoC.

Positive sentiment in HUBC and PSO was caused by the news of ECC allowing issuance of Energy Sukuk II, giving way to resolution of financial woes.

Top volume leading sectors include Technology with 30.7 million shares, followed by Banks (23.4 million) and Fertilizer (18.6 million).

Among scrips, TRG led the volumes with 17.4 million shares, followed by BYCO (11.2 million) and FFBL (9.8 million).

Sectors contributing to the performance include Fertilizer (-139 points), Cement (-15 points), Inv Banks (+36 points), Power (+30 points) and Banks (+6 points).

Volumes increased slightly to reach 177.6 million shares against 173.9 million shares (+2 percent DoD). Average traded value declined by 4 percent to reach US$ 44.1 million as against US$ 45.6 million.

Stocks that contributed significantly to the volumes include TRG, BYCO, FFBL, WTL and EPCL, which formed 33 percent of total volumes.

Stocks that contributed positively include DAWH (+33 points), HUBC (+27 points), MEBL (+9 points), UBL (+9 points) and PSO (+8 points).

Stocks that contributed negatively include ENGRO (-88 points), EFERT (-35 points), FFC (-18 points), HBL (-9 points), and PPL (-8 points).

KARACHI: The stock market fell by 420 points on Monday owing to round the clock selling in the equity market.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,747 points as against 43,168 points showing a decline of 420 points.

First day of the change in circuit breaker met with an overall negative performance on the bourse. After an initial surge of 135 points, market largely remained under selling pressure throughout the session and went down by 535 points during the session.

MoC showed recovery of around 100 points from day’s low and closed the session at -420 points. Triggers causing investors to stay cautious included an early called FATF meeting, pending increase in gas prices by ECC and political uncertainty that marred the sentiment last week.

Besides, the ECC also decided to reduce GIDC charge with the aim to reduce Urea price/bag. Resultantly, EFERT hit lower circuit breaker, whereas FFC and FFBL showed positive price performance.

Banking sector topped the chart with 27.2 million shares, followed by Technology (25.6 million) and Fertilizer (25.3 million). Among scrips, EFERT ranked first with 15.3 million shares, followed by TRG (11.9 million) and BOP (11.7 million).

Sectors contributing to the performance include Banks (-129 points), Fertilizer (-78 points), Cement (-51 points), INv Banks (-37 points) and O&GMCs (-25 points).

Volumes declined further from 211.4 million shares to 173.9 million shares (-18 percent DoD). Average traded value, on the contrary, increased by 12 percent to reach US$ 45.6 million as against US$ 40.7 million.

Stocks that contributed significantly to the volumes include EFERT, TRG, BOP, WTL and SMBL, which formed 33 percent of total volumes.

Stocks that contributed positively include FFC (+56 points), MARI (+44 points), COLG (+11 points), BAFL (+8 points) and FFBL (+8 points). Stocks that contributed negatively include ENGRO (-85 points), EFERT (-55 points), UBL (-38 points), HBL (-37 points), and DAWH (-33 points).

KARACHI: Positive sentiments likely prevail in the equity market during next week owing to inflows in debt market and stable exchange rate, analysts said.

Analysts at Arif Habib Limited said expect that the market to be positive in the upcoming weeks as sentiments should reflect improvement in foreign exchange reserves of the State Bank of Pakistan (SBP) and stable Pak Rupee/USD parity amid inflows in T-bills and narrowing Current Account Deficit (CAD).

Albeit, commencement of the financial result season in the coming week will keep certain scrips under limelight.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 7.6x (2020) compared to Asia Pac regional average of 12.5x and while offering DY of around 6.3 percent versus 2.7 percent offered by the region.

The market commenced on a negative note this week with investors resorting to profit-taking.

With coalition partners showing dissatisfaction over policies of the PTI-led government, lackluster momentum prevailed.

Furthermore, concerns over rising inflation kept the sentiment weak. Whereas, overwhelming response to the Treasury Bill Auction (bids over Rs1.1 trillion), cushioned the dip. Albeit, the market closed at 43,168 points, (down by 0.1 percent / 39 points WoW).

Sector-wise positive contributions came from i) Commercial Banks (109 points), ii) Automobile Parts & Accessories (29 points), iii) Automobile Assembler (20 points), iv) Refinery (20 points), and v) Textile Weaving (12 points). Whereas, negative sector-wise contribution came from Oil & Gas Exploration Companies (96 points) and Power Generation & Distribution (55 points). Scrip-wise positive contributions were led by MEBL (31 points), HBL (28 points), THALL (25 points), BYCO (21 points) and HMB (18 points).

Foreign buying continued this week clocking-in at USD 2.8 million compared to a net buy of USD 7.0 million last week. Buying was witnessed in E&Ps (USD 1.4 million) and Fertilizer (USD 1.3 million).

On the domestic front, major selling was reported by Insurance Companies (USD 2.8 million) and Individuals (USD 2.2 million). Average Volumes settled at 246 million shares (down by 19 percent WoW) while average value traded clocked-in at USD 49 million (down by 38 percent WoW).

KARACHI: The stock market increased by 103 points on Friday amid record foreign inflows in debt securities. Analysts at Arif Habib Limited said that the week ended nearly where it began, i.e. near 43,000 level.

During the week, the index did slip towards 42800 but closed the week above 43,000.

Among OMCs, PSO made an upward move whereas E&P & Refineries remained largely unchanged and declined respectively.

Throughout the week, political uncertainty reverberated that cautioned otherwise optimistic investors and therefore a halt in index performance.

By the end of session, news of further foreign inflows of $500 million in treasury bills broke that proved to be single highest inflow in a single day yet.

Positive sentiment was observed in the equity market as well but MoC activity pulled the index back. Banking sector again led the pack with 46.9 million shares, followed by Technology (42.7 million) and Cement (20.5 million).

Among scrips, BOP topped the chart with 27.8 million, followed by TRG (23.9 million) and WTL (8.6 million).

Sectors contributing to the performance include Others (+21 points), O&GMCs (+17 points), Autos (+17 points), Fertilizer (+11 points), Textile (-11 points).

Volumes declined from 229.9 million shares to 211.2 million shares (-8 percent DoD). Average traded value also declined by 4 percent to reach US$ 40.7 million as against US$ 42.3 million.

Stocks that contributed significantly to the volumes include BOP, TRG, WTL, KEL and DCL, which formed 35 percent of total volumes.

Stocks that contributed positively include PSEL (+21 points), PSO (+16 points), THALL (+13 points), MEBL (+13 points) and ENGRO (+13 points). Stocks that contributed negatively include MCB (-19 points), DAWH (-9 points), BOP (-5 points), HUBC (-5 points), and NBP (-5 points).