Tag: KSE-100

KARACHI: Pakistan stocks plunged by 450 points on Monday over downward revision in GDP growth and concerns over high inflation.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 41,859 points from last Friday’s closing of 42,309 points, showing a decline of 450 points.

READ MORE: Weekly Review: investors to remain cautious over socio-economic situation

Analysts at Arif Habib Limited said that the market witnessed bloodbath session today due to concerns over inflation and growth rate due to prevailing flood crisis.

The Planning Commission has forecast the GDP would be around 2.3 per cent in the current fiscal year as compared with the actual target of 3.5 per cent.

READ MORE: Pakistan stocks shed 151 points in range bound trading

The market opened in the positive zone but profit taking was witnessed throughout the day. The volumes remained dull across the main board on the contrary, hefty volumes were observed in the 3rd tier stocks.

Sectors contributing to the performance include Banks (-68.1 points), Technology (-67.1 points), Cement (-56.3 points), Fertilizer (-48.0 points) and Power (-38.2 points).

READ MORE: Pakistan stocks end in green as SBP gets IMF tranche

Volumes decreased from 160.1 million shares to 156.8 million shares (-2.1 per cent DoD). Average traded value also decreased by 5.7 per cent to reach US$ 19.9 million as against US$ 21.1 million.

Stocks that contributed significantly to the volumes are WTL, PRL, HASCOL, CNERGY and KEL.

READ MORE: Stocks end up 156 points amid political noise

KARACHI: Investors of Pakistan stocks may remain cautious over the ongoing socio-economic situation in the country.

Analysts at Arif Habib Limited said that following the disbursement of tranche by the IMF, government is expected to unlock further foreign economic assistance from various international creditors in addition to flood relief aid from friendly countries and other financial institutions.

READ MORE: Pakistan stocks shed 151 points in range bound trading

However, investor will remain cautious given the current overall socio-economic situation of the country. Albeit, the analysts expect the market to be range bound in the upcoming week.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 4.2x (2023) compared to Asia Pacific regional average of 12.5x while offering a dividend yield of 9.6 per cent versus 2.7 per cent offered by the region.

In the outgoing week, the market remained jittery and showed a mixed trend. It commenced on a negative note amid concerns over the flood crisis and its overall impact on the economy.

READ MORE: Pakistan stocks end in green as SBP gets IMF tranche

However, the market soon recovered following the approval and subsequent disbursement of USD 1.17bn tranche from the IMF to Pakistan. As a result, Pak Rupee strengthened against the greenback, closing the week at PKR 218.98, up by PKR 1.68|0.8 per cent WoW.

The bullish trend was short-lived as the announcement of inflation number for the month of Aug’22 (a 47-year high), changed the overall sentiment of the market.

In addition, trade numbers released during the week too dampened the overall sentiment as it posted a 29 per cent MoM jump in August 2022. The market closed at 42,309 points, shedding 282 points (down by 0.7 per cent) WoW.

READ MORE: Stocks end up 156 points amid political noise

Sector-wise negative contributions came from i) Banks (118 points), ii) E&P (90 points), iii) Automobile Assembler (61 points), iv) Miscellaneous (40 points) and v) Textile Composite (31 points). Whereas, sectors which contributed positively were i) Cement (110 points), and ii) Leather & Tanneries (25 points).

Scrip-wise negative contributors were HBL (73 points), TRG (47 points), PSEL (41 points), ENGRO (39 points) and POL (36 points). Meanwhile, scrip-wise positive contribution came from SYS (76 points), EFERT (48 points), KOHC (32 points), FABL (31 points) and SRVI (25 points).

READ MORE: Pakistan stocks plunge despite IMF program revival

Foreigners selling continued this week, clocking in at USD 0.74 million compared to a net sell of USD 1.87 million last week. Major selling was witnessed in Commercial Banks (USD 1.8 million) and Power (USD 0.8 million).

On the local front, buying was reported by Banks/DFIs (USD 3.0 million) followed by Individuals (USD 2.4 million). Average volumes clocked in at 211 million shares (down by 15 per cent WoW) while average value traded settled at USD 31 million (down by 15 per cent WoW).

KARACHI: Pakistan stocks ended down by 151 points on Friday in range bound trading activities during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,309 points from last day’s closing of 42,460 points, showing a decline of 151 points.

READ MORE: Pakistan stocks end in green as SBP gets IMF tranche

Analysts at Topline Securities said that range bound session was observed at the exchange as index traded between its intraday high of 109 points and intraday low of -151 points.

Major contribution to the index came from FABL, COLG, KOHC, CEPB & EFERT as they cumulatively contributed 49 points to the index, whereas on the flipside PPL, FFC, THALL, POL & DAWH lost value to weigh down on the index by 75 points.

Traded volume and value declined on DoD basis by 35 per cent and 42 per cent to 151 million shares and Rs4.63bn respectively. WTL was today`s volume leader with 11.9 million shares.

READ MORE: Stocks end up 156 points amid political noise

KSE 100 Index declined by -0.66 per cent on WoW basis which can largely be attributed to floods across Pakistan where initial estimate of economic loss as per government is close Rs2 trillion (2 per cent of GDP).

Apart from it Consumer Price Index (CPI) number for August clocked in at 27.3 per cent YoY (one of the highest number in last few decade), also weighed down on investor sentiment.

READ MORE: Pakistan stocks plunge despite IMF program revival

Investor participation declined during the outgoing week as average daily traded volume and value stood at 211 million shares (down 15.6 per cent WoW) and Rs6.9 billion (down 14.8 per cent WoW) respectively.

On flows end individuals, banks, mutual funds and companies net purchased equities worth US$1.95 million, US$1.69 million, US$1.41 million and US$1.26 million respectively as of yesterday`s close, whereas insurance and foreign corporate net sold equities worth US$6.63 million and US$1.76 million respectively as of yesterday`s close.

READ MORE: Stocks slip on mounting inflation concerns

KARACHI: Pakistan stock ended in green on Thursday after the central bank received a tranche from the International Monetary Fund (IMF).

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 42,460 points from previous day’s close of 42,351 points, showing an increase of 109 points.

READ MORE: Stocks end up 156 points amid political noise

Analysts at Arif Habib Limited said that the market witnessed a positive session today as Pakistan received the first tranche of the extended fund facility from the International Monetary Fund.

The State Bank of Pakistan (SBP) a day earlier received $1.16 billion from IMF under Extended Fund Facility.

SBP in a Tweet said that it had received proceeds of $1.16 billion (equivalent of SDR 894 million) after the IMF Executive Board completed the combined seventh and Eight review under the EFF for Pakistan.

READ MORE: Pakistan stocks plunge despite IMF program revival

“This will help improve SBP’s foreign exchange reserves and will also facilitate realization of other planned inflows from multilateral and bilateral sources,” according to the Tweet.

Earlier, on August 29, 2022 the executive board of the IMF completed the combined seventh and eighth reviews of the Extended Arrangement under the EFF for Pakistan.

Investors participation remained active throughout the day, healthy volumes were observed while the cement sector remained in the limelight.

READ MORE: Stocks slip on mounting inflation concerns

Sectors contributing to the performance include Cements (+89.8 points), Banks (+19.5 points), Technology (+18.8 points), Leather (+10.8 points) and Investment Banks (+8.0 points).

Volumes increased from 181.3 million shares to 248.2 million shares (+36.9 per cent DoD). Average traded value also increased by 11.2 per cent to reach US$ 36.7 million as against US$ 33.0 million.

Stocks that contributed significantly to the volumes are CNERGY, MLCF, FCCL, KAPCO and PRL.

READ MORE: Weekly Review: Pakistan stocks likely trade in green

KARACHI: Pakistan stocks ended up by 156 points on Wednesday amid mounting political noise.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,351 points from previous day’s closing of 42,195 points, showing a gain of 156 points.

READ MORE: Pakistan stocks plunge despite IMF program revival

Analysts at Arif Habib Limited said that the market opened in the negative zone today due to prevailing political noise.

The benchmark KSE-100 index witnessed a range bound session today as investor remained on the side line awaiting for clarity on the political front.

READ MORE: Stocks slip on mounting inflation concerns

However, during the last trading hour value buying was observed in the cement sector which helped the index to close in the green zone.

Volumes remained dry in the main board although hefty volumes were witnessed in the 3rd tier stocks

Sectors contributing to the performance include Cements (+75.3 points), Chemicals (+32.3 points), Fertilizers (+23.1 points), Power (+22.9 points) and E&P’s (+18.7 points).

READ MORE: Weekly Review: Pakistan stocks likely trade in green

Volumes decreased from 237.6 million shares to 181.3 million shares (-23.7 per cent DoD). Average traded value also decreased by 1.5 per cent to reach US$ 33.0 million as against US$ 33.4 million.

Stocks that contributed significantly to the volumes are KEL, UNITY, EPCL, FCCL and WTL.

READ MORE: Profit taking hammers Pakistan stocks to fall by 441 points

KARACHI: Pakistan stocks witnessed a fall of 309 points on Tuesday despite the revival of loan program by the International Monetary Fund (IMF).

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 42,195 points from previous day’s closing of 42,504 points, showing a decline of 309 points.

READ MORE: Stocks slip on mounting inflation concerns

Analysts at Topline Securities said that Pakistan equities celebrated resumption of country’s Extended Fund Facility (EFF) program by IMF Board of Directors as the KSE100 index opened with positive 486 points.

Buying interest witnessed across the board in the market which assisted market to made an intraday high at 43,052 (+548 points; up 1.41 per cent).

READ MORE: Weekly Review: Pakistan stocks likely trade in green

However, profit taking kicked in at the aforesaid level which pushed index towards intraday low at 42,106 (-398 points; down 0.94 per cent) before eventually settled at 42,195 (-309 points; down 0.73 per cent) for the day.

Another highlight of the day was on the macro front where Pakistani Rupee gained Rupee 1.8 (0.82 per cent) against the greenback in the interbank trading and closed at 220.12 versus US Dollar.

READ MORE: Profit taking hammers Pakistan stocks to fall by 441 points

Banks, Fertilizer and Tech sector stocks contributed negatively to the index where HBL, ENGRO, TRG, BAHL & MCB lost 136 points, cumulatively. On the flip side, SYS, DAWH and SRVI have witnessed some buying interest as they added 35 points collectively, today.

Around 238 million shares traded today at the bourse while total value clocked in at Rs7.3 billion. KEL led the volumes chart today with trading of 38 million shares in it, today.

READ MORE: Pakistan stocks dip 305 points in dull trading

KARACHI: Pakistan stocks slipped by 87 points on Monday owing to concerns over mounting inflation.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 42,504 points from last Friday’s closing of 42,591 points, showing a decline of 87 points.

READ MORE: Weekly Review: Pakistan stocks likely trade in green

Analysts at Arif Habib Limited said that the market observed a negative session on Monday August 29, 2022 due to concerns over mounting inflation and GDP growth rate.

Investors’ participation remained sideways throughout the day although value buying was witnessed in the last trading hour which helped the index to recover as it made an intraday low of 763 points.

READ MORE: Profit taking hammers Pakistan stocks to fall by 441 points

Volumes remained dry in the main board whereas hefty volumes were witnessed in the 3rd tier stocks.

Sectors contributing to the performance include E&P’s (-29.5 points), Food & Personal Care (-25.7 points), Autos (-17.8 points), Pharmaceuticals (-15.9 points) and Textiles (-13.4 points).

READ MORE: Pakistan stocks dip 305 points in dull trading

Volumes decreased from 265.7 million shares to 229.2 million shares (-13.7 per cent DoD). Average traded value also decreased by 19.4 per cent to reach US$ 32.8 million as against US$ 40.7 million.

Stocks that contributed significantly to the volumes are WTL, KEL, CNERGY, PRL and UNITY.

READ MORE: Pakistan stocks end flat to 43,338 points

KARACHI: Pakistan stocks lost 441 points on Friday as the profit taking hammered the benchmark index to close in red zone.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended down to 42,591 points from the previous day’s close of 43,032 points, showing a decline of 441 points.

READ MORE: Pakistan stocks dip 305 points in dull trading

Analysts at Arif Habib Limited said that the PSX witnessed a negative session due to the last day of rollover week as investors opted for profit-taking.

The first session consisted of dull activity despite opening in the green zone. However, in the second session investors opted for profit taking which hammered the index to close in the red zone.

READ MORE: Pakistan stocks end flat to 43,338 points

Main board volumes stayed dry. On the contrary, hefty volumes were observed in the 3rd tier stocks.

The Index closed at 42,591.51 points, down by 441.06 points (-1.02 per cent DoD). Sectors contributing to the performance include Banks (-85.5 points), Technology (-64.0 points), OMC’s (-61.1 points), E&P (-48.3 points) and Cement (-37.7 points).

READ MORE: Pakistan stocks gain 540 points on unchanged policy rate

Volumes increased from 208.1 million shares to 265.8 million shares (+27.7 per cent DoD). Average traded value also increased by 16.1 per cent to reach US$ 40.9 million as against US$ 35.3 million.

Stocks that contributed significantly to the volumes are KEL, PRL, PAEL, CNERGY and HASCOL.

READ MORE: Pakistan equities fall by 444 points on political noise

KARACHI: Pakistan stocks ended down by 305 points on Thursday in dull trading activity during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell to 43,033 points from previous day’s closing of 43,338 points, showing a decline of 305 points.

READ MORE: Pakistan stocks end flat to 43,338 points

Analysts at Arif Habib Limited said that the market was remained range bound throughout the day owing to concerns over rising inflation and political noise.

The benchmark KSE-100 index opened in the positive zone but dull activity was observed. In the last trading hour, profit taking was witnessed across the board which dragged the index in the red zone.

READ MORE: Pakistan stocks gain 540 points on unchanged policy rate

Volumes remained dry in the main board although hefty volumes were witnessed in the 3rd tier stocks.

Sectors contributing to the performance include Power (-142.4 points), Fertilizer (-32.0 points), E&P’s (-28.4 points), Banks (-27.6 points) and Technology (-25.0 points).

READ MORE: Pakistan equities fall by 444 points on political noise

Volumes decreased from 256.5 million shares to 208.1 million shares (-18.9 per cent DoD). Average traded value also decreased by 11.0 per cent to reach US$ 35.5 million as against US$ 39.9 million.

Stocks that contributed significantly to the volumes are WTL, HASCOL, PIAA, TELE and HUBC.

READ MORE: Weekly Review: monetary policy decision likely to dictate market

KARACHI: Pakistan stocks ended flat on Wednesday as range bound trading activities observed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 43,338 points from previous day’s closing of 43,367 points, showing a decline of 29 points.

READ MORE: Pakistan stocks gain 540 points on unchanged policy rate

Analysts at Arif Habib Limited said that a range bound session was observed in the market today due to roll-over week.

The benchmark KSE-100 index opened in the positive zone but sluggish activity was witnessed throughout the day.

READ MORE: Pakistan equities fall by 444 points on political noise

In the last trading hour profit taking was observed which led the index to close in the red zone.

Volumes remained dry in the main board although healthy volumes were witnessed in the 3rd tier stocks.

Sectors contributing to the performance include Cement (-43.8 points), Misc. (-43.5 points), Inv Banks (-19.1 points), Textile Composite (-12.2 points) and E&P (-12.1 points).

READ MORE: Weekly Review: monetary policy decision likely to dictate market

Volumes decreased from 324.4 million shares to 256.5 million shares (-20.9 per cent DoD). Average traded value also decreased by 9.4 per cent to reach US$ 40.1 million as against US$ 44.2 million.

Stocks that contributed significantly to the volumes are HASCOL, KEL, PIAA, BAFL and TPLP.

READ MORE: Weekly Review: stock market likely to move in positive zone