Tag: KSE-100

KARACHI: Pakistan stocks have declined by 390 points on Wednesday owing to volatile exchange rate.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 45,943 points from previous day’s close of 46,333 points, showing a decline of 390 points.

READ MORE: Pakistan stocks shed 206 points on profit taking

Analysts at Arif Habib Limited said that profit taking continued at PSX today, KSE-100 index opened positive but could not sustain in green zone as profit taking dragged the index down to red zone due to weakening of Pak rupee against US Dollar, the session remained dull whereas hefty volumes were observed in 3^rd tier stocks.

READ MORE: Pakistan stocks shed 62 points on profit taking

Meanwhile, the analyst at Topline Securities said that Pakistan equities continued its downwards trend where benchmark KSE-100 Index settled at 45,943 level (down 0.84 per cent). “After a slight positive opening, market continued to slid where market make an intraday low of 390 points.”

READ MORE: Weekly Review: Bullish trend likely to prevail

Sectors contributing to the performance include Banks (-98.3 points), Cement (-87.5 points), E&P (-67.22 points), Fertilizer (-45.6 points) and Power (-20.7 points)

Volumes increased from 228.6 million shares to 235.0 million shares (+2.8 per cent DoD). Average traded value decreased by 9.4 per cent to reach US$ 43.1 million as against US$ 47.5 million.

Stocks that contributed significantly to the volumes are CNERGY, TPLP, GGL, MLCF and TELE.

READ MORE: KSE-100 index gains 117 points amid positive sentiments

KARACHI: Pakistan stocks declined by 206 points on Tuesday as the market witnessed profit taking during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 46,333 points from previous day’s closing of 46,539 points, showing a decline of 206 points.

READ MORE: Pakistan stocks shed 62 points on profit taking

Analysts at Arif Habib Limited said that the market witnessed profit taking today, KSE-100 index opened on a positive note but couldn’t sustain in green zone as investor opted for profit selling across the board due to weakening of Pak rupee against US Dollar. Main board activity remained dull but hefty volumes were recorded in 3rd tier stocks.

READ MORE: Weekly Review: Bullish trend likely to prevail

Analysts at Topline Securities said that Pakistan equities closed red where benchmark KSE100 Index settled at 46,333 level (down 0.44 per cent). The day kicked off on a positive note where market make an intraday high of 206 points as investors cheered EPCL result announcement and material information’s where the company announced expansions and  its 1Q2022 EPS at Rs5.19 along with DPS of Rs.5 which led the stock to close at its upper cap. However some profit taking has been witnessed in the second half where major laggards were HUBC, PPL, TRG and OGDC cumulatively dented the Index by 134 points.

READ MORE: KSE-100 index gains 117 points amid positive sentiments

Sectors contributing to the performance include Banks (-89.2 points), E&P’s (-72.0 points), Technology (-51.0 points), Power (-42.6 points) and Cement (-37.2 points).

Volumes decreased from 255.6 million shares to 228.6 million shares (-10.6 per cent DoD). Average traded value also decreased by 8.4 per cent to reach US$ 47.9 million as against US$ 52.3 million.

Stocks that contributed significantly to the volumes are CENERGY, GGL, WTL, TELE and LOTCHEM.

READ MORE: Pakistan stocks rally on PKR stability

KARACHI: Pakistan stocks fell by 62 points on Monday owing to profit taking witnessed during the trading.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 46,541 points from last Friday’s closing of 46,602 points, showing a decline of 62 points.

READ MORE: Weekly Review: Bullish trend likely to prevail

Analysts at Topline Securities said that Pakistan equities commenced the week on a positive note led by Oil & Gas Exploration sector on the backdrop of rally in global oil prices and market chatter of one time heavy dividend in the OGDC and PPL stocks.

The benchmark KSE-100 index kicked off the day in the green zone and made an intraday high at 46,970 (+369 points; up 0.79 per cent).

READ MORE: KSE-100 index gains 117 points amid positive sentiments

But, at the aforesaid level profit taking took place which pushed market towards the intraday low at 46,419 (-183 points; down 0.39 per cent) before settling at 46,540 (-62 points; down 0.13 per cent) for the day.

E&P, Fertilizer and Power sector’s stocks contributed positively today to the benchmark index where OGDC, PPL, FFC, HUBC & POL added 261 points, cumulatively.

READ MORE: Pakistan stocks rally on PKR stability

On the flip side, SYS, EPCL, LUCK & UBL have seen some profit taking as they lost 98 points collectively, today.

About 255 million shares traded today at the bourse while total value clocked in at Rs. 9.6 billion. GTECH was the volume leader of the day with the trading of 21.1 million shares in it, today.

READ MORE: Pakistan stocks slide 242 points in profit taking

KARACHI: Bullish trend likely to prevail in the stock market during next week owing to clarity on the political front.

Analysts at Arif Habib Limited said that the market to remain positive in the upcoming week.

READ MORE: KSE-100 index gains 117 points amid positive sentiments

With commencement of the result season and clarity on the political front, certain sectors and scrips are expected to stay under limelight.

Furthermore, the rollover of Chinese loans worth USD 2.3 billion and IMF negotiations, which will help bolster foreign exchange reserves.

While any dip in oil prices should also have a positive impact on the equity bourse.

READ MORE: Pakistan stocks rally on PKR stability

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 5.0x (2022) compared to Asia Pacific regional average of 11.5x while offering a dividend yield of 8.3 per cent versus 2.6 per cent offered by the region.

In the outgoing week the market roared back after political clarity emerged. Following Prime Minister Shehbaz Sharif’s oath taking ceremony, the new coalition government has begun work to tackle the economy.

Moreover, the rupee recovered against the dollar at a rapid pace closing at 181.4, marking a 3.6 per cent appreciation.

READ MORE: Pakistan stocks slide 242 points in profit taking

Additionally, the country received record high remittances this month clocking in at $2.8 billion, showing a 28 per cent increase MoM, on account of Ramadan / Eid.

Although, there was a slight correction mid-week, the market sustained momentum and posted its highest WoW increase since 3rd April 2020. The bourse closed at 46,602 points, (up by 4.9 per cent) WoW.

Sector-wise positive contributions came from i) Commercial Banks (395 points), ii) Fertilizer (292 points), iii) Technology & Communication (268 points), iv) Cement (241 points), and v) Refinery (129 points).

Whereas, sectors which contributed negatively i) Real Estate Investment Trust (2.19 points), ii) Vanaspati & Allied Industries (1.55 points). Scrip-wise positive contribution came from ENGRO (152 points), TRG (136 points), MEBL (122 points), HBL (85 points), and SYS (80 points).

READ MORE: Stocks gain 262 points on political stability

Meanwhile, scrip-wise negative contributors were COLG (14 points), FABL (10.88 points), Fatima (4.74 points), ABL (3.18 points) and DCR (2.19 points).

Foreign buying witnessed this week, clocking-in at USD 1.29 million compared to a net sell of USD 3.78 million last week. Major buying was witnessed in Technology (USD 2.21 million) and Fertilizer (USD 1.16 million).

On the local front, Selling was reported by Mutual Funds (USD 9.89 million) followed by Insurance Companies (USD 7.76 million). Average volumes clocked-in at 477 million shares (up by 213 per cent WoW) while average value traded settled at USD 66.3 million (up by 135.6 per cent WoW).

READ MORE: Stocks up 1700 points, highest ever single day gain

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 117 points on Friday amid positive sentiment prevailed during the day.

The KSE-100 index closed at 46,601 points from previous day’s closing of 46,484 points, up by 117.11 points.

READ MORE: Pakistan stocks rally on PKR stability

Analysts at Arif Habib Limited said that market stayed in the green zone throughout the day. KSE-100 index opened in the positive zone. Sensitive Price Indicator (SPI) for the week ended April 14,-2022 recorded a decrease of 0.68 per cent week on week while up by 16.44 per cent YoY basis.

Moreover, LSMI output increased by 7.8 per cent YoY during 8MFY22. Main board activity remained dull but hefty volumes were recorded in the 3rd tier stocks.

READ MORE: Pakistan stocks slide 242 points in profit taking

In the last trading hour, profit taking was witnessed specially in the refinery sector.

Sectors contributing to the performance include Fertilizer (45.7 points), Banks (+37.9 points), E&P’s (+22.3  points), Inv. Banks (+14.7 points) and Refinery (+11.6  points).

READ MORE: Stocks gain 262 points on political stability

Volumes decreased from 494.9 million shares to 365.8 million shares (-26.1 per cent DoD). Average traded value also decreased by 21.8 per cent to reach US$ 50.3 million as against US$ 64.2 million.

Stocks that contributed significantly to the volumes are CNERGY, WTL, GGL, PRL, and MLCF.

READ MORE: Stocks up 1700 points, highest ever single day gain

KARACHI: Pakistan stocks rallied on Thursday owing to to stability in Pakistan Rupee (PKR) against the dollar.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 46,484 points from last day’s closing of 46,165 points, up by 319 points.

READ MORE: Pakistan stocks slide 242 points in profit taking

Analysts at Arif Habib Limited said that positive session was observed at PSX today due to stability in Pak rupee against dollar.

Rally was witnessed in refinery sector due to expectation of tremendous earnings in the upcoming financial result.

Main board activity remained dull whereas hefty buying was witnessed in the 3rd tier stocks.

READ MORE: Stocks gain 262 points on political stability

Across the board buying was observed in the last trading hour which led the market to close in the green zone.

Analysts at Topline Securities said that Pakistan equities closed on a green note where benchmark KSE-100 Index settled at 46,484 (up 0.69 per cent).

During the day, range-bound activity witnessed in the first half however market pick up momentum where KSE-100 index made an intraday high of 344 points. Investors interest mostly witnessed in Fertilizers, Refinery and Cement sector where ENGRO, ATRL, MLCF closed higher.

READ MORE: Stocks up 1700 points, highest ever single day gain

Sectors contributing to the performance include Fertilizer (76.2 points), Cement (+58.8 points), Chemicals (+37.9 points), Refinery (+23.3 points) and Inv. Banks (+18.0 points)

Volumes increased from 474.6 million shares to 494.9 million shares (+4.3 per cent DoD). Average traded value decreased by 5.4 per cent to reach US$ 64.3 million as against US$ 68.0 million.

Stocks that contributed significantly to the volumes are CNERGY, WTL, FLYING, TELE and MLCF.

READ MORE: Weekly Review: stock market likely trade in green

KARACHI: Pakistan Stocks fell by 242 points on Wednesday as investors opted for profit taking during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 46,165 points from previous day’s closing of 46,407 points, showing an increase of 242 points.

READ MORE: Stocks gain 262 points on political stability

Analysts at Arif Habib Limited said that volatile session was observed at PSX today.

Market opened on a bleak note but value buying was witnessed in the first trading hour.

Main board activity remained dull but market witnessed hefty volumes in the 3rd tier stocks.

In the last trading hour, investor opted for profit taking across the board which led the index to close in red zone.

READ MORE: Stocks up 1700 points, highest ever single day gain

Analysts at Topline Securities said that Pakistan equities closed on a negative note where benchmark KSE100 Index settled at 46,166 level (down 0.52 per cent).

Market witnessed a range bound trading session where market make an intraday high of 235 points and low of 344 points. Profit taking has been witnessed across the board where major decliner were Cements, Banks and Technology sectors, as LUCK, UBL, MLCF , and TRG closed lower.

READ MORE: Weekly Review: stock market likely trade in green

Sectors contributing to the performance include Cement (-93.0 points), Banks (-62.9 points), Inv. Banks (-15.7 points), Engineering (-15.5 points) and Textile (-15.5 points)

Volumes decreased from 493.6 million shares to 474.6 million shares (-3.9 per cent DoD). Average traded value also decreased by 10.9 per cent to reach US$ 67.9 million as against US$ 76.2 million.

Stocks that contributed significantly to the volumes are Flying, WTL, GGL, TELE and TPLP.

READ MORE: Stocks jump up 658 points on Supreme Court decision

KARACHI: Pakistan stocks gained 262 points on Tuesday owing to political stability and appreciation in rupee against the dollar.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 46,407 points from previous day’s closing of 46,145 points, up by 262 points.

READ MORE: Stocks up 1700 points, highest ever single day gain

Analysts at Arif Habib Limited said that another positive session witnessed today due to political stability and appreciation of Pak Rupee against US Dollar.

Across the board rally was witnessed regardless of foreign selling spree, main board activity remained healthy. Moreover, market even witnessed hefty volumes in the 3rd tier stocks.

READ MORE: Weekly Review: stock market likely trade in green

Sectors contributing to the performance include Technology (+96.7 points), Cement (+55.7 points), Banks (+52.2 points), Engineering (+24.9 points) and Refinery (+20.0 points).

READ MORE: Stocks jump up 658 points on Supreme Court decision

Volumes decreased from 557.7 million shares to 493.6 million shares (-11.5 per cent DoD). Average traded value increased by 3.7 per cent to reach US$ 76.1 million as against US$ 73.4 million.

Stocks that contributed significantly to the volumes are WTL, TELE, FLYING, CNERGY and UNITY.

READ MORE: Pakistan stocks shed 324 points on political uncertainty

KARACHI: The stock market likely to trade in green during the next week owing to a clarity has emerged on the political front.

Analysts at Arif Habib Limited said that the stock market to show strong signs of a comeback in the upcoming week.

Moreover, it is likely that the rollover of Chinese loans worth $2.3 billion is on cards, which will conserve the falling reserves.

READ MORE: Stocks jump up 658 points on Supreme Court decision

Furthermore, dip in international oil prices amid demand slowdown from China and emergency crude stockpile releases by International Energy Agency is likely to shift the bourse to the green zone.

The benchmark KSE-100 is currently trading at a PER of 4.7x (2022) compared to Asia Pacific regional average of 11.5x while offering a dividend yield of 8.8 per cent versus 2.7 per cent offered by the region.

In the outgoing week the market opened to a blood bath session, shedding 1,250 points on the back of surprising dismissal of no confidence motion by the National Assembly deputy speaker followed by dissolution of the National Assembly.

READ MORE: Pakistan stocks shed 324 points on political uncertainty

Moreover, rupee depreciated to its all-time low of 188/USD amid sliding foreign exchange reserves and the ongoing political uncertainty.

This necessitated a massive policy rate hike (+250bps) to 12.25 per cent by the State Bank of Pakistan (SBP) in an emergency Monetary Policy Committee (MPC) meeting.

Albeit, the bourse welcomed a steep revival of investor’s confidence, given the clarity obtained through Supreme Court’s much awaited judgment rejecting the speakers’ dismissal of the vote, together with decreasing oil prices further adding to the gains. The bourse closed at 44,445 points, (down by 1.56 per cent) WoW.

READ MORE: Stocks gain 183 points despite political uncertainty

Sector-wise negative contributions came from i) Cement (314 points), ii) Oil & Gas Exploration (89 points), iii) Power Generation & Distribution (80 points), iv) Engineering (65 points), and v) Food & Personal Care Products (60 points).

Whereas, sectors which contributed positively were i) Chemicals (70 points), ii) Fertilizer (63 points), iii) Cable & Electrical Goods (5 points), iv) Inv. Banks/Inv. Cos./Securities Cos. (4 points), and v) Real Estate Investment Trust (2 points).  Scrip-wise negative contributors were LUCK (145 points), HUBC (60 points), TRG (48 points), DGKC (46 points) and OGDC (45 points). Meanwhile, scrip-wise positive contribution came from EPCL (55 points), SYS (26 points), EFERT (24 points), MEBL (22 points), and MCB (19 points).

READ MORE: Pakistan stocks end up amid volatile trading

Foreign selling continued this week, clocking-in at USD 3.78 million compared to a net sell of USD 15.55 million last week. Major selling was witnessed in Commercial Banks (USD 3.8 million) and Cement (USD 1.4 million). On the local front, buying was reported by Individuals (USD 14.8 million) followed by Banks/DFI’s (USD 4.7 million).

Average volumes clocked-in at 153 million shares (down by 51 per cent WoW) while average value traded settled at USD 26 million (down by 42 per cent WoW).