Tag: Arif Habib Limited

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 241 points on Wednesday on better earning hopes in listed entities.

The index closed at 47,377 points as against 47,135 points showing, an increase of 241 points.

Analysts at Arif Habib Limited said that the market gained close to 500 points during the session.

Sentiment was buoyant on the expectation of healthy earnings by key listed entities which helped propped up the market.

Besides, incentives issued in favour of technology firms and finance minister’s notice regarding inquiry against stock brokers also helped develop positive sentiment.

Banks, O&GMCs, Cement, Power and Technology stocks performed well.

Refinery sector also performed well due to anticipation of refinery policy being finally put to approval of Cabinet.

Among scrips, GGL led the volumes with 27.6 million shares, followed by WT (26.7 million) and EPCL (25.9 million).

Sectors contributing to the performance include Technology (+99 points), Power (+26 points), Fertilizer (+24 points), Autos (+17 points) and Pharma (+15 points).

Volumes increased from 370 million shares to 382.6 million shares (+3 per cent DoD). Average traded value also increased by 29 per cent to reach US$ 95.8 million as against US$ 74 million.

Stocks that contributed significantly to the volumes include GGL, WTL, EPCL, BYCO and TELE, which formed 31 per cent of total volumes.

Stocks that contributed positively to the index include TRG (+77 points), HUBC (+27 points), ENGRO (+26 points), SYS (+24 points) and INDU (+22 points). Stocks that contributed negatively include BAHL (-15 points), MCB (-9 points), EFERT (-6 points), CHCC (-5 points) and FABL (-5 points).

PSX witnesses range bound trading activity

KARACHI: Pakistan Stock Exchange (PSX) on Tuesday witnessed range bound trading activity during the day. The benchmark KSE-100 index gained 11 points to end at 47,135 points as against previous day’s closing of 47,124 points, showing an increase of 11 points.

Analysts at Arif Habib Limited said that the market traded range bound with an oscillation between -195 points and +149 points.

Activity remained tilted towards Technology sector, which helped the Index put an increment and in volume terms led the index.

Most of the volume went to WTL, however, NETSOL, TRG and AVN contributed to an uptick in Index. On a net basis, Cement, Textile, Pharma and Steel traded in the positive region, whereas E&P, Banks generally contributed to the negative side of the Index.

Among scrips, WTL topped the volumes with 42.9 million shares, followed by TELE (29.4 million) and ANL (28.4 million).

Sectors contributing to the performance include Power (-23 points), Banks (-16 points), Chemical (-13 points), Cement (+30 points), Food (+16 points) and Pharma (+11 points).

Volumes increased from 337.3 million shares to 370.0 million shares (+10 per cent DoD). Average traded value also increased by 7 per cent to reach US$ 74.1 million as against US$ 69.2 million.

Stocks that contributed significantly to the volumes include WTL, TELE, ANL, TPL and GGL, which formed 37 per cent of total volumes.

Stocks that contributed positively to the index include LUCK (+22 points), ENGRO (+15 points), FCEPL (+14 points), TRG (+12 points) and UNITY (+11 points). Stocks that contributed negatively include MCB (-18 points), COLG (-17 points), HUBC (-16 points), DAWH (-14 points) and SYS (-11 points).

KSE-100 index ends down by 366 points

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell by 366 points on Monday due to selling pressure during the day.

The index closed at 47,124 points as against last Friday’s closing of 47,490 points, showing a decline of 366 points.

Analysts at Arif Habib Limited said that the market took negative turn today, primarily due to the sell-off in technology stocks.

Institutional investors were on the selling side, partly due to redemptions and otherwise due to concerns on rising current account deficit and inflation on the back of possible tariff hike.

Technology, construction, steel sectors declined the most, whereas other sectors also bore the brunt because of weak sentiment.

Few prominent scrips that could hold ground include UBL, MCB, POL. Among scrips, WTL topped the volumes with 42.1 million shares, followed by FFL (17.4 million) and GGL (17.3 million).

Sectors contributing to the performance include Cement (-87 points), Technology (-69 points), Power (-30 points), Fertilizer (-29 points) and O&GMCs (-25 points).

Volumes declined from 499.7 million shares as against 337.3 million shares (-33 per cent DoD). Average traded value also declined by 17 per cent to reach US$ 69.2 million as against US$ 83.36 million.

Stocks that contributed significantly to the volumes include WTL, FFL, GGL, BYCO and TELE, which formed 32 per cent of total volumes.

Stocks that contributed positively to the index include MCB (+13 points), HMB (+9 points), HINOON (+4 points), FCEPL (+4 points) and ABOT (+3 points). Stocks that contributed negatively include TRG (-55 points), LUCK (-42 points), HUBC (-27 points), ENGRO (-24 points) and GHGL (-17 points).

KARACHI: The stock market likely to stay in green during the next week owing to lower interest rate regime. Analysts at Arif Habib Limited said that the market to continue trading in green. The low interest rate regime and pro-growth stance of the State Bank of Pakistan (SBP) should keep equities attractive.

Moreover, as mentioned earlier the result season should keep cyclical in limelight while reduced provisioning, and healthy fee income/capital gains should help fuel banking earnings.

That said, COVID fourth wave is a concern which may keep sentiment jittery.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 6.7x (2021) compared to Asia Pac regional average of 16.1x while offering a dividend yield of 6.6 per cent versus 2.4 per cent offered by the region.

The domestic bourse closed the week in green this week. The investment climate took a major sigh of relief when the trade deficit posted a 16 per cent month on month decline as per Pakistan Bureau of Statistics (PBS) data.

With the USD 2.8 billion SDR allocation expected from the IMF, the reserves position is expected to consolidate further which is significantly positive given uncertainty over the external account outlook.

Moreover, the result season is ongoing and cyclical sectors are likely to post healthy earnings on a yearly basis driven by the V-shaped economic recovery. The index closed at 47,490 points, (up 435 points week on week).

Sector-wise positive contributions came from i) Commercial Banks (193 points), ii) Oil & Gas Marketing Companies (52 points), and iii) Chemical (52 points). Meanwhile, the sectors that contributed negatively majorly include i) Food & personal care (21 points) and Tobacco (7 points).

Scrip-wise positive contributors were MEBL (84 points), MCB (43 points), and HBL (41 points). Whereas, scrip-wise negative contribution came from LUCK (41 points), PSEL (36 points), and UNITY (19 points).

Foreign buying was witnessed this week of USD 3.1 million against a net sell of USD 5.4 million last week. Buying was witnessed in Technology (USD 1.8 million), Cements (USD 1.3 million) and OMCs (USD 0.2 million). On the domestic front, major selling was reported by Funds (USD 10.6 million) and Insurance (USD 6.1 million). Average volumes clocked-in at 455 million shares (up by 12 per cent week on week) while average value traded settled at USD 85 million (down by 5 per cent week).

KARACHI: The share market ended down by 151 points on Friday in narrow range trading during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,489 points as against previous day’s closing of 47,640 points, showing a decline of 151 points.

Analysts at Arif Habib Limited said that the market largely traded in a narrow range and lost a total of 216 points.

Oil and gas marketing companies, Cement, Chemical, Refinery and Technology sectors continued seeing selling pressure from the previous couple of sessions.

LUCK saw a significant drop in the closing half hour, which brought its price below LDCP by a large margin.

Among scripts, PASL led the volumes with 66.9 million shares, followed by UNITY (35.5 million) and DSL (25.9 million).

Sectors contributing to the performance include Technology (-50 points), Cement (-34 points), Vanaspati (-25 points), Textile (-18 points), Banks (+28 points) and Glas (+21 points).

Volumes declined from 546.8 million shares to 499.7 million (-9 per cent DoD). Average traded value also declined by 11 per cent to reach US$ 83.5 million as against US$ 94.1 million.

Stocks that contributed significantly to the volumes include PASL, UNITY, DSL, WTL and FFL, which formed 36 per cent of total volumes.

Stocks that contributed positively to the index include MEBL (+21 points), GHGL (+21 points), BAFL (+11 points), MCB (+7 points) and INIL (+75 points). Stocks that contributed negatively include TRG (-32 points), UNITY (-25 points), LUCK (-20 points), SYS (-13 points) and HUBC (-12 points).

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell by 149 points on Thursday. The index closed at 47,641 points as against previous day’s closing of 47,790 points, showing a decline of 149 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range between -207 points and +107 points.

Profit booking was still at works, particularly in Technology, Banks, O&GMCs and Chemical stocks, where prices went up in previous sessions, whereas Steel and Cement sector stocks saw continuation of consolidation.

Rupee parity has been stable however the outlook suggests an appreciation is in the offing that kept the investors undecided on portfolio positions.

Among scrips, PTC led the table with 62.1 million shares, followed by TPL (42.6 million) and TELE (35.6 million).

Sectors contributing to the performance include Misc (-36 points), Cement (-22 points), Technology (-20 points), O&GMCs (-17 points) and Pharma (-14 points).

Volumes increased from 532.9 million shares to 546.8 million shares (+2 per cent DoD). Average traded value also increased by 1 per cent to reach US$ 92.7 million as against US$ 92.8 million.

Stocks that contributed significantly to the volumes include PTC, TPL, TELE, GGL and HUMNL, which formed 35 per cent of total volumes.

Stocks that contributed positively to the index include JLICL (+9 points), MTL (+9 points), PTC (+8 points), MEBL (+6 points) and HMB (+5 points). Stocks that contributed negatively include PSEL (-36 points), SYS (-15 points), TRG (-13 points), BAHL (-10 points) and SNGP (-10 points).

KARACHI: The Pakistan stocks experienced a modest uptick on Wednesday, with the benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closing at 47,790 points, registering a gain of 32 points from the previous day’s close of 47,758 points.

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KARACHI: The benchmark KSE-100 index gained 305 points on Tuesday owing to positive sentiments prevailed over expected inflows from the IMF.

The KSE-100 of Pakistan Stock Exchange (PSX) closed at 47,758 points as against previous day’s closing of 47,453 points, showing an increase of 305 points.

The International Monetary Fund (IMF) has announced an allocation of $650 billion to boost global liquidity. Pakistan is likely to get around $2.8 billion out of the allocation by month end.

Analysts at Arif Habib Limited said that the market continued moving up today albeit with an improvement in traded volumes.

O&GMCs, Banks, Refinery, Technology and Textile sectors contributed positively to the index whereas E&P and Steel sector stocks remained under pressure.

Optimism brewed on the back of rupee depreciation that will have positive bearing on the earnings of Textile, Technology & E&P sectors; as well as upcoming financial results.

Among scrips, WTL topped the volumes with 36.3 million shares, followed by TELE (29.4 million) and BYCO (29.3 million).

Sectors contributing to the performance include Cement (+64 points), Technology (+63 points), Banks (+55 points), O&GMCs (+42 points) and Refinery (+26 points).

Volumes increased from 252.3 million shares to 443.2 million shares (+75 per cent DoD). Average traded value also increased by 75 per cent to reach US$ 98.8 million as against US$ 56.4 million.

Stocks that contributed significantly to the volumes include WTL, TELE, BYCO, TPL and CPHL, which formed 30 per cent of total volumes.

Stocks that contributed positively to the index include TRG (+51 points), HBL (+24 points), MEBL (+21 points), MLCF (+19 points) and POL (+17 points).

Stocks that contributed negatively include ENGRO (-10 points), OGDC (-10 points), HMB (-9 points), PAKT (-8 points) and HUBC (-8 points).

KARACHI: The stock exchange ended down by 257 points on Friday after the Sindh government to impose strict lockdown to prevent spread of coronavirus.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,056 points as against previous day’s close of 47,312 points, showing a decline of 257 points.

Analysts at Arif Habib Limited said that with the optimism of deferring the COVID lockdown, the market added 330 points earlier in the session today, however, government’s decision to impose strict lock down in the face of rising COVID cases eroded all the earlier gains and caused the Index to tumble.

Banks, O&GMCs, Cement, Chemical, Refinery and Technology sectors bore the brunt of lockdown, whereas steel sector performed well due to announcement of price increase by flat steel manufacturers.

Among scrips, WTL led the table with 39.2 million shares, followed by BYCO (38.4 million) and TELE (24.6 million).

Sectors contributing to the performance include Technology (-54 points), Fertilizer (-45 points), Cement (-35 points), Banks (-27 points) and Textile (-17 points).

Volumes increased from 376.4 million shares to 399.1 million (6 per cent DoD). Average traded value also increased by 12 per cent to reach US$ 84.8 million as against US$ 75.7 million.

Stocks that contributed significantly to the volumes include WTL, BYCO, TELE, HUMNL and TPL, which formed 34 per cent of total volumes.

Stocks that contributed positively to the index include EFERT (+12 points), MEBL (+11 points), PSX (+10 points), HMB (+9 points) and SCBPL (+8 points). Stocks that contributed negatively include TRG (-47 points), FFC (-44 points), HBL (-39 points), LUCK (-23 points) and PPL (-17 points).