Category: Stock & Commodity

With the index set to pause for the Eid break next week, stock investors have an opportunity to step back, reflect, and strategize. The recent tumultuous week has left market participants grappling with substantial losses, but analysts at Arif Habib Limited encourage reassessment of the situation, highlighting potential value-buying opportunities amid the downturn.

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KARACHI: The stock market registered 309 points decline on Friday amid selling pressure in blue chip stocks.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 29,429 points as against 29,738 points showing a decline of 309 points.

Analysts at Arif Habib Limited said that the market continued trimming down today, with selling pressure in Banks, E&P and Cement sector stocks.

Coming MSCI review had Investors concern about selling activity from Foreigners, which caused this selling pressure in blue chip stocks in Banks, E&P and Cement sectors.

Mid cap Cement, Steel and Refinery sector scrips traded green. NCL hit upper circuit upon notification of buy back. Cement sector led the volumes table with 14.8 million shares, followed by Technology (9.8 million) and Banks (9.5 million). MLCF led the volumes with 7.7 million shares, followed by EPCL (5 million) and TRG (4.8 million).

Sectors contributing to the performance include Banks (-143 points), E&P (-119 points), Fertilizer (-49 points), O&GMCs (-22 points), Chemical (-11 points).

Volumes declined from 109.3 million shares to 76.4 million shares. Average traded value also declined by 29 percent to reach US$ 19.5 million as against US$ 27.4 million.

Stocks that contributed significantly to the volumes include MLCF, EPCL, TRG, WTL and UBL, which formed 31 percent of total volumes.

Stocks that contributed positively include NESTLE (+14 points), MCB (+11 points), DGKC (+10 points), KTML (+5 points) and MLCF (+5 points). Stocks that contributed negatively include HBL (-75 points), OGDC (-47 points), PPL (-46 points), BAHL (-30 points) and ENGRO (-29 points).

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Share market ends down by 539 points on border, political conflicts

KARACHI: The share market witnessed another decline of 539 points on Thursday amid escalating conflict between Pakistan and India and arrest of PML-N leader by National Accountability Bureau (NAB).

The benchmark KSE-100 index closed at 29,738 points as against 30,277 points showing a decline of 539 points.

Analysts at Topline Securities attributed the decline to the latest development amid escalating conflict between Indo-Pak, Pakistan has suspended all bilateral trade with India and has also resolved to downgrade its diplomatic relations with the neighboring country.

Furthermore Political noise remained high after the arrest of PML-N leader Maryam Nawaz by National Accountability Bureau (NAB) in an alleged corruption scandal.

Analysts at Arif Habib Limited said that as soon as the market opened, the Index went straight to the negative territory, diminishing the hopes of a technical pull back anticipated by Technical chartists.

Confrontation at the border took the center stage not only in the Parliament but also at the bourse, denting investor sentiment.

Persistent across the board selling from mutual funds has been a major problem for local investors, which have seen foreigners selling since past three years and now from local Funds.

E&P, Autos, Banks and Cement Sectors again caused the onslaught and remained on the negative side. Cement sector led the volumes table with 15.2 million shares, followed by Power (14 million) and Banks (13.5 million). KEL remained on top with 10.3 million shares, followed by UNITY (7.8 million) and MLCF (6.7 million).

Sectors contributing to the performance include Banks (-213 points), E&P (-150 points), Power (-62 points), Cement (-34 points), Fertilizer (-28 points), and Food (+17 points).
Volumes increased significantly from 65.3 million shares to 108.7 million shares (+66 percent DoD). Average traded value also increased by 58 percent to reach US$ 27.4 million as against US$ 17.4 million.

Stocks that contributed significantly to the volumes include KEL, UNITY, MLCF, LOTCHEM and ISL, which formed 31 percent of total volumes.

Stocks that contributed positively include EFERT (+24 points), NESTLE (+14 points), PSO (+6 points), SHFA (+5 points) and KTML (+4 points). Stocks that contributed negatively include HBL (-55 points), POL (-54 points), OGDC (-53 points), MCB (-51 points) and HUBC (-43 points).

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Stock market plunges by 723 points on weak financial results

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell below the psychological barrier of 30,000 points and trading at 29,844 points on Thursday morning.

The KSE-100 index lost 433 points in less than one hour trading at 10:13AM Thursday August 08, 2019. The stock market was ended at 30,277 points on Wednesday.

Stock analysts said that the ongoing Kashmir issue and FATF action plan resulted in negative sentiments of investors.

The market today recorded high of 30,277 points and low of 29,843 points.

KARACHI: The share market plunged by 723 points on Wednesday due to poor financial results of major scrips and confrontation between Pakistan and India on Kashmir issue.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 30,277 points as against 31,001 points showing a decline of 723 points.

Analysts at Arif Habib Limited said the index was declined due to host of factors including weak economy, confrontation between Pakistan and India on Kashmir issue and poor results.

Redemption at mutual funds kept the flow of selling across the board. Apparently better financial results of MCB & UBL unable to help stock prices of both the banks in place and just prior to result announcement UBL touched lower circuit.

Cement sector led the volumes with 11.9 million shares, followed by banks (8.5 million) and power (7.3 million).

KEL topped the chart at 4.6 million shares, followed by MLCF (4.4 million) and LOTCHEM (2.8 million).

Sectors contributing to the performance include Banks (-200 points), E&P (-176 points), Fertilizer (-89 points), Power (-68 points), O&GMCs (-51 points).

Volumes increased from 54mn shares to 65 million shares (+20 percent DoD). Average traded value increased by 3 percent to reach US$ 17.4 million as against US$ 16.8 million.

Stocks that contributed significantly to the volumes include KEL, MLCF, LOTCHEM, TRG and HASCOL, which formed 27 percent of total volumes.

Stocks that contributed positively include DAWH (+9 points), SHFA (+5 points), KTML (+3 points), FFBL (+3 points) and SRVI (+2 points). Stocks that contributed negatively include OGDC (-70 points), UBL (-55 points), HUBC (-51 points), PPL (-51 points) and ENGRO (-45 points).

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Share market extends losses on negative sentiments

KARACHI: The share market extended losses on Tuesday owing to investors sentiments grappled by prospects of global slowdown amidst SINO-US trade war and Kashmir issues between Indo-Pak.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 31,001 points as against 31,181 points showing a decline of 180 points.

Analysts at Arif Habib Limited said that the market initially went down by 147 points and reverted the loss by around +300 points to post gain of 149 points.

Carrying the trend from yesterday, HUBC kept falling that reflected the pressure on Index amongst other scrips such as HBL, UBL, PSO, MCB, NBP.

Volumes remained low at 54 million shares. Cement sector led the volumes table with 7.7 million shares, followed by Power (5.9 million) and Technology (4.7 million).

MLCF ranked first amongst volume leaders with 4.8 million shares, followed by KEL (3.1 million) and HUBC (2.4 million).

Sectors contributing to the performance include Banks (-94 points), Power (-37 points), Chemical (-18 points), O&GMCs (-17 points), Autos (-12 points) and Fertilizer (+26 points).

Volumes increased slightly from 52 million shares to 54.3 million shares. Average traded value on the contrary jumped by 49 percent to reach US$ 16.8 million as against US$ 11.2 million.

Stocks that contributed significantly to the volumes include MLCF, KEL, HUBC, TRG and FFC, which formed 27 percent of total volumes.

Stocks that contributed positively include FFC (+19 points), POL (+11 points), DAWH (+10 points), HBL (+6 points) and GHGL (+5 points).

Stocks that contributed negatively include UBL (-38 points), MCB (-37 points), HUBC (-26 points), COLG (-12 points) and THALL (-10 points).

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Share market plunges 1.53 percent on border tension

KARACHI: The share market plunged by 1.53 percent on Monday due to spike in tension between Pakistan and India at Line of Control (LoC).

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 31,181 points as against 31,666 points showing a decline of 486 points.

Analysts at Topline Securities said that KSE-100 index lost 486 points/-1.53 percent in today’s session to close at 31,180.

The spike in tensions between two neighboring countries India & Pakistan at LOC (Line of control) was heightened as India has revoked article 370 in Kashmir valley through a presidential decree.

They said that investor sentiments remained negative due to hurdles faced by the much anticipated market support fund as government is facing issues due to IMF restriction on issuance of sovereign guarantee.

Analysts at Arif Habib Limited said that declining cement dispatches, Concerns raised by O&GMCs on RLNG intake and India’s amendment in its Parliament relating to Kashmir caused a major blow to Investor sentiment.

Resultantly, Banks, Power, Steel, Cement, E&P etc traded in red and contributed most to the downfall of Index. Overall volumes reached 52 million, led by Cement Sector. MLCF ranked highest on the volumes table with 4.8 million shares, followed by TRG (4.2 million) and ISL (3.5 million).

Sectors contributing to the performance include Banks (-195 points), E&P (-75 points), Power Generation (-52 points), Fertilizer (-42 points) and O&GMCs (-26 points).

Volumes increased from 46.5 million shares to 52.0 million shares (+12 percent DoD). Whereas, average traded value registered a decline of 12 percent DoD to reach US$ 11.3 million as against US$ 12.8 million.

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

Stocks that contributed positively include NESTLE (+10 points), BAHL (+5 points), FATIMA (+4 points), ABL (+2 points) and ABOT (+2 points). Stocks that contributed negatively include UBL (-74 points), MCB (-41 points), HBL (-39 points), HUBC (-37 points) and PPL (-35 points).

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Stock market ends down by 173 on selling pressure

KARACHI: The recent gain in rupee value may boost the confidence of investors at the stock market.

However, they said that the market to remain range bound due to lack of positive triggers in upcoming week followed by feeble results of cyclical sectors.

Analysts at Arif Habib Limited said that recent appreciation of PKR against green back which is trading at all-time lowest in terms of REER would give confidence to foreign investors and attract foreign flows in market.

Whereas, key risks to the index include economic concerns on account of high Current Account Deficit and slowdown in large scale manufacturing.

This week trading commenced on a negative note following last week’s trend as investors continue to take account of i) surge in inflation to 68 months high in lieu of regular adjustment in utility prices, ii) tighter monetary policy, iii) delay in state enterprise fund, and iv) expectation of weaker result season of some sectors including Cements, Refineries, Automobile and Steel.

Furthermore, political uncertainty kept investors on the back foot given vote of no confidence over senate chairman while traders have announced a country wide protest and strike on CNIC condition and one political party announced a long march. As a result, the benchmark KSE-100 index closed below 32K mark at 31,666 points, down by 437 points or 1.4 percent WoW.

Contribution to the downside was led by i) Commercial Banks (-239 points) amid selling from mutual funds, ii) Tobacco (-57 points), iii) Oil and Gas Exploration Companies (-52 points) on the back of massive decline in international oil prices, iv) Power Generation and Distribution (-35 points), and v) Oil and Gas Marketing Companies (-32 points).Scrip wise major losers were PPL (-69 points), MCB (-62 points), PAKT (-57 points), UBL (-56 points), and BAHL (-44 points). Whereas, scrip wise major gainers were POL (+37 points), ENGRO (+17 points), and PKGS (+15 points).

Foreigners accumulated stocks worth of USD 3.4 million compared to a net buy of USD 8.4 million last week. Major buying was witnessed in Cement (USD 3.1 million) and All Other Sectors (USD 1.2 million).

On the local front, selling was reported by Mutual funds (USD 4.8 million) followed by Companies (USD 1.7 million). That said, average daily volumes for the outgoing week were down by 25 percent to 57 million shares likewise value traded decreased by 21 percent to USD 13 million.

KARACHI: The stock exchange fell by 173 points on Friday owing to selling pressure witnessed in major scrips.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 31,666 points as against 31,839 points showing a decline of 173 points.

Analysts at Arif Habib Limited said that following the trend of past 3 months, market slid again following the close of rollover week and saw index slip by a total of 405 points, ending the session with -173 points.

E&P, Banks and Power sectors contributed to the decline in index, where selling pressure was observed in HUBC, MCB, HBL, UBL, POL and PPL.

Cement sector again led the volumes with 8.8 million shares, followed by Engineering (8.7 million) and Banks (3.7 million). ISL became the volume leader with 5 million shares, followed by MLCF (4.5 million) and FCCL (2.1 million).

Sectors contributing to the performance include Banks (-115 points), E&P (-64 points), O&GMCs (-26 points), Food (+16 points) and Power (-12 points).

Volumes declined from 70.6 million shares to 46.4 million shares. Average traded value, on the other hand, registered a slight increase of 1.5 percent DoD to reach US$ 12.8 million as against US 12.6 million.

Stocks that contributed significantly to the volumes include ISL, MLCF, FCCL, MUGHAL and PAEL, which formed 33 percent of total volumes.

Stocks that contributed positively include HUBC (+12 points), NESTLE (+10 points), LUCK (+9 points), ISL (+5 points) and PKGS (+4 points). Stocks that contributed negatively include PPL (-40 points), HBL (-32 points), MCB (-26 points), UBL (-24 points) and NBP (-14 points).

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Share market ends down in mixed trading

KARACHI: The share market ended down by 99 points on Thursday in a mixed trading session.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) Index closed at 31,839 points as against 31,938ts showing a decrease of 99 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range with an oscillation between -158 points and +122 points, and ended the session at -99 points. O&GMCs, Cement and Chemicals traded in red most of the session, whereas Steel continued moving upward, carrying the trend from yesterday.

Large cap Banks and Cement contributed mostly to the downside in Index. Cement Sector led the volumes table with 21.6 million shares, followed by Technology (7 million) and Engineering (5.5 million). Among scrips, MLCF topped the chart with 10.6 million shares followed by TRG (5.3 million) and FCCL (4.8 million).

Sectors contributing to the performance include Banks (-38 points), E&P (-15 points), Power (-14ts), Food (-13 points), and Pharmaceuticals (-11 points).

Volumes increase from 70.2mn shares to 70.7mn shares (+0.6 percent DoD). Average traded value decreased by 23 percent to reach US$ 12.6mn as against US$ 16.4mn.

Stocks that contributed significantly to the volumes include MLCF, TRG, FCCL, UNITY and PAEL, which formed 40 percent of total volumes.

Stocks that contributed positively include FCCL (+11 points), POL (+9 points), PKGS (+8 points), APL (+5 points) and FATIMA (+5 points). Stocks that contributed negatively include PPL (-25 points), MCB (-18 points), BAHL (-15 points), FFC (-11 points) and NESTLE (-10 points).

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