Tag: KSE-100

KARACHI: Pakistan’s equities gained 382 points on Monday owing to ease in political tensions following reports suggested Prime Minister Imran Khan accepted demand of allies parties.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,933 points as against last Friday’s closing of 43,551 points, up by 382 points.

READ MORE: Weekly Review: political unrest may impact market

Analysts at Topline Securities said Pakistan equities closed on a positive note as benchmark KSE-100 Index settled at 43,933 Level.

Market opened sideways on the back of rising political conditions where market make an intraday low of 260 points.

READ MORE: Pakistan stocks gain 29 points amid dull trading

“However, market has witnessed recovery in the second half where media reporting PM Imran khan have given green signal to its allies demand for official appointments resultantly market make an intraday high of 382 points,” the analysts said.

Analysts at Arif Habib Limited said that the index stayed in the red territory during the first trading hour due to political unrest and further PKR devaluation against dollar.

READ MORE: Pakistan stocks gain 319 points amid volatile trading

Cement sector remained in the limelight due to price increase by another 15/bag in the south except Karachi. Main board activity remained dull.

On the flip-side, activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks. In the last trading hour, value buying was witnessed which led the index to close in the green zone.

READ MORE: Stocks witness range bound activity on rupee fall

Sectors contributing to the performance include Cement (+120.1 points), Commercial Banks (+50.4 points), Automobile Assembler (+48.0 points), E&P (+40.3 points) and Pharmaceuticals (+20.9 points).

Volumes decreased from 161.9 million shares to 132.6 million shares (-18.1 per cent DoD). Average traded value increased by 15.8 per cent to reach US$ 26.4 million as against US$ 22.8 million.

Stocks that contributed significantly to the volumes include TELE, WTL, KEL, GGL and TRG

KARACHI: The stock market is likely to trade in range bound owing to ongoing political uncertainty after a no-confidence motion moved against the prime minister.

Analysts at Arif Habib Limited said the market to remain range bound next week due to political unrest and the upcoming vote of no confidence.

READ MORE: Pakistan stocks gain 29 points amid dull trading

On the international front, any de-escalation in Russia-Ukraine tensions could propel a rebound in markets.

Market participants should also remain wary of high commodity prices, any indication of oil prices cooling down would also aid the sentiment in the local bourse.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 4.7x (2022) compared to Asia Pacific regional average of 12.4x while offering a dividend yield of 9.2 per cent versus 2.5 per cent offered by the region.

READ MORE: Pakistan stocks gain 319 points amid volatile trading

This week the market remained sluggish due to domestic political uncertainty and slow progress on the negotiation with the IMF.

Although the market gained some momentum amid 78 per cent MoM contraction in the current account during February 2022 coupled with a landmark agreement on the Reko Dig between the Federal government, Government of Baluchistan and Barrick Gold Corporation, this remained short lived.

READ MORE: Stocks witness range bound activity on rupee fall

Rising cut off rates in the treasury bills auction, signaling monetary tightening, as well as the rupee weakening to its historic low, crossing the 181/USD mark, kept the index range bound.

The market settled at 43,551 points, gaining 522 points (up by 1.2 per cent) WoW.

Sector-wise negative contributions came from i) Automobile Parts & Accessories (16 points), ii) Paper & Board (6.95 points), iii) Miscellaneous (6.29 points), iv) Oil & Gas Exploration (4.02 points), and v) Insurance (2.58 points).

READ MORE: Pakistan stocks up 200 points on Reko Diq deal renewal

Whereas, sectors which contributed positively were i) Fertilizer (160 points), ii) Cement (97 points) iii) Power Generation & Distribution (57 points), iv) Commercial Banks (56 points) and v) Chemical (47 points). Scrip-wise negative contributors were SYS (42 points), UBL (41 points), BAHL (25 points), THALL (16 points) and HMB (11 points). Meanwhile, scrip-wise positive contributions came from HBL (93 points), LUCK (84 points), FFC (72 points), TRG (64 points) and HUBC (52 points).

READ MORE: Weekly Review: political unrest to keep stocks under pressure

Foreign selling continued this week, clocking-in at USD 4.12 million compared to a net sell of USD 4.90 million last week. Major selling was witnessed in Banks (USD 5.9 million) and E&P’s (USD 0.8 million). On the local front, buying was reported by Mutual Funds (USD 5.3 million) followed by Individuals (USD 2.6 million).

Average volumes clocked-in at 143.7 million shares (down by 17.4 per cent WoW) while average value traded settled at USD 25.8 million (down by 1.5 per cent WoW).

KARACHI: Pakistan stocks gained 29 points as the market witnessed dull trading activities during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,551 points from previous day’s closing of 43,522 points, up by 29 points.

READ MORE: Pakistan stocks gain 319 points amid volatile trading

Analysts at Arif Habib Limited said another dull day witnessed at PSX today. In spite of prevailing political noise KSE-100 index managed to remain in green zone throughout the day.

Main board activity remained dull. On the flip-side, activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks. In the last trading hour, value buying was witnessed.

READ MORE: Stocks witness range bound activity on rupee fall

Analysts at Topline Securities said that range bound session was observed at the market today as the KSE-100 Index traded between an intraday high of 164 points and intraday low of 147 points to finally settle at 43,551 level.

Sectors contributing to the performance include Commercial Banks (+34.9 points), Fertilizer (+27.5 points), Automobile Assembler (+9.14 points) and Inv Banks (+6.12 points).

READ MORE: Pakistan stocks up 200 points on Reko Diq deal renewal

Volumes increased from 149.8 million shares to 161.9 million shares (+8.1 per cent DoD). Average traded value decreased by 26.5 per cent to reach US$ 22.8 million as against US$ 31.0 million.

Stocks that contributed significantly to the volumes include WTL, DSL, CENERGY, TELE AND PIBTL.

READ MORE: Weekly Review: political unrest to keep stocks under pressure

KARACHI: Pakistan stocks gained 319 points on Thursday amid volatile trading observed during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,523 points from previous closing on March 22, 2022 at 43,204 points, up by 319 points.

READ MORE: Stocks witness range bound activity on rupee fall

Analysts at Arif Habib Limited said that volatile session was observed today due to uptick in the auction result of Market Treasury Bills.

The cut-off yields on 3-12 months T-bills stood higher compared to the longer-tenure papers like 3-10 years Pakistan Investment Bonds (PIBs).

Market opened in the green zone but battled between the bulls and bears throughout the day. Main board activity remained dull.

READ MORE: Pakistan stocks up 200 points on Reko Diq deal renewal

On the flip-side, activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks. In the last trading hour, value buying was witnessed which led the index to close in the green zone.

Analysts at Topline Securities said that Pakistan equities witnessed a mix trend today where the benchmark index initially opened on a negative note due to news story regarding Pakistan’s officials are having tough time to convince IMF over recently announced PM amnesty scheme.

READ MORE: Weekly Review: political unrest to keep stocks under pressure

In the first half of trading session, the investors chose to do some profit taking  due to which the KSE-100 index made an intraday low at 42,936 level (-268 points; down 0.62 per cent). However, value hunting resumed at the aforesaid level which helped market to record an intraday high at 43,570 level (+366 points; up 0.84 per cent) before settling at 43,523 level (+319 points; up 0.74 per cent) for the day.

Sectors contributing to the performance include Cement (+73.7 points), Technology (+53.1 points), Commercial Banks (+36.2 points), and Fertilizer (+33.5 points).

READ MORE: Pakistan stocks plunge 777 points on rupee devaluation

Volumes increased from 138.3 million shares to 149.8 million shares (+8.3 per cent DoD). Average traded value also increased by 12.7 per cent to reach US$ 31.0 million as against US$ 27.5 million.

Stocks that contributed significantly to the volumes include TREET, TRG, TELE, PAELR3 and TPLP.

KARACHI: Pakistan stocks witnessed a range bound trading activity on Tuesday due to fall in rupee value and political unrest in the country.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,204 points from previous day’s closing of 43,230 points, down by 26 points.

READ MORE: Pakistan stocks up 200 points on Reko Diq deal renewal

Analysts at Arif Habib Limited said that range bound session was observed today due to political unrest and Pak Rupee (PKR) devaluation against dollar.

The market opened in the green zone but stayed volatile throughout the day. Main board activity remained dull.

On the flip-side, activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks.

READ MORE: Weekly Review: political unrest to keep stocks under pressure

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

Analysts at Topline Securities said that Pakistan equities carried forward yesterday buying momentum where investors opted to invest funds in blue chip stocks having attractive dividend yield. Initially, oil stocks led the show where recent rally in global oil prices brought them again into investors’ radar.

READ MORE: Pakistan stocks plunge 777 points on rupee devaluation

Sectors contributing to the performance include Banks (-36.2 points), E&P (-25.1 points), Cements (-18.9 points), and Automobile Parts (-12.0 points).

Volumes increased from 124.9 million shares to 138.3 million shares (+10.7 per cent DoD). Average traded value also increased by 27.2 per cent to reach US$ 27.5 million as against US$ 21.7 million.

Stocks that contributed significantly to the volumes include TREET, TPLP, PAELR3, SMBL and TELE.

READ MORE: Equities slip by 168 points in range bound trading

KARACHI: Pakistan stocks likely to stay under pressure during next week owing to political unrest, analysts said.

Analysts at Arif Habib Limited said that domestic political unrest together with opposition’s planned long march against the government, is likely to keep the bourse under pressure. A key event to look out for is the OIC meeting.

READ MORE: Pakistan stocks plunge 777 points on rupee devaluation

On the international front, any de-escalation by Russia and successful negotiation with the West may push the commodity prices down, which will improve sentiment of the local bourse.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 4.7x (2022) compared to Asia Pac regional average of 12.4x while offering a dividend yield of 9.2 per cent versus 2.4 per cent offered by the region.

READ MORE: Equities slip by 168 points in range bound trading

The domestic bourse commenced on a negative note amid investor’s concerns over the outcome of probable Russia Ukraine war together with prevailing political tensions within the country

Albeit, net buying was observed mid-week as the investor’s cheered a dip in global oil prices (WTI and Brent fell below USD 100/bbl. mark) together with peace talks between Russia and Ukraine.

In particular, the cement sector remained in limelight following a decline in coal prices. Albeit, as the week neared its end, the bourse failed to sustain gains on the back of rupee weakening to its historic low, breaching the 180 mark, and resumption of surge in oil prices. The market settled at 43,030 points, losing 777 points (down by 1.42 per cent) WoW.

READ MORE: Pakistan stocks gain 256 points on easing oil prices

Sector-wise negative contributions came from i) Oil & Gas Exploration Companies (310 points), ii) Bank (127 points), iii) Technology & Communication (79 points), iv) Oil & Gas Marketing (42 points), and v) Cement (39 points). Whereas, sectors which contributed positively were i) Fertilizer (96 points), ii) Food & Personal Care Products (15 points) and iii) Leather and Tanneries (14 points). Scrip-wise negative contributors were PPL (140 points), OGDC (103 points), TRG (84 points), HBL (63 points) and MCB (43 points). Meanwhile, scrip-wise positive contribution came from FFC (91 points), EFERT (58 points) and BAHL (32 points).

READ MORE: Pakistan equities gain 353 points as oil prices ease

Foreign selling continued this week, clocking-in at USD 4.90 million compared to a net sell of USD 3.13 million last week. Major selling was witnessed in Banks (USD 6.0 million) and OMC’s (USD 0.7 million).

On the local front, buying was reported by Banks/DFIs (USD 4.4 million) followed by Companies (USD 2.9 million). Average volumes clocked-in at 174 million shares (down by 19 per cent WoW) while average value traded settled at USD 26 million (down by 32 per cent WoW).

KARACHI: Pakistan stocks plunged by 777 points on Friday owing to reasons including Pakistan Rupee (PKR) devaluation and political unrest.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,030 points as against previous day’s closing of 43,807 points, showing a decrease of 777 points.

READ MORE: Equities slip by 168 points in range bound trading

Analysts at Arif Habib Limited said that bloodbath session was witnessed today due to political unrest and devaluation of PKR against dollar.

In the first session, dull session was observed. In the second session, across the board selling was observed due to last working day of the week. Moreover, foreign activity was witnessed today due to FTSE rebalancing.

READ MORE: Pakistan stocks gain 256 points on easing oil prices

Sectors contributing to the performance include Banks (-158.3 points), Technology (-150.3 points), E&P (-140.4 points), Cement (-113.1 points) and OMC (-54.3 points).

Volumes increased from 148.5 million shares to 180.4 million shares (+21.5 per cent DoD). Traded value also increased by 113.4 per cent to reach US$ 35.4 million as against US$ 16.6 million.

READ MORE: Pakistan equities gain 353 points as oil prices ease

Stocks that contributed significantly to the volumes include WTL, GGL, KEL & PAELR3

Analysts at Topline Securities said that pressure was observed in the market on last trading session of the week, which can largely be attributed to increase in political noise where few members of the ruling party have expressed that they may vote against the PM in the upcoming no confidence vote.

READ MORE: Pakistan stocks shed 286 points on political unrest

Apart from this FTSE rebalance (SNGP, KAPCO and FCCL are excluded from FTSE Small Cap Index) added further pressure in last hours of trading, as the index declined to settle at 43,030 level (down by -1.77 per cent).

Pakistan equities experienced a dip of 168 points in a day marked by range-bound trading activities, reflecting the prevailing volatility in the market.

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KARACHI: Pakistan stocks gained 256 points on Wednesday owing to ease in oil prices in the international markets.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,976 points as against previous day’s close of 43,720 points, showing an increase of 256 points.

READ MORE: Pakistan equities gain 353 points as oil prices ease

Analysts at Topline Securities said that Pakistan equities witnessed a green day today as the KSE-100 index opened on a positive note and remained in the green zone throughout the trading hours.

This was due to opposition parties announced a couple of days delay in their protest at Islamabad, easing off on the global commodities prices front and news flow regarding dialogues between the Russia/Ukraine officials.

READ MORE: Pakistan stocks shed 286 points on political unrest

During the day, the benchmark index made an intraday high at 44,281 level (+561 points; up 1.2 per cent) before settling at 43,976 level.

Analysts at Arif Habib Limited said that green session was witnessed today due to decline in international commodity prices. Cement sector stayed in the green zone due to major drop in international coal prices.

Main board activity remained dull as investors remained cautious due to prevailing political noise. In the last trading hour, across the board buying was observed.

READ MORE: Weekly Review: market likely to stay range bound

Sectors contributing to the performance include Technology (+87.7 points), Cement (+76.1 points), Banks (+42.6 points), Textile Composite (+18.5 points) and Power (+18.1 points).

Volumes increased from 189.0 million shares to 236.5 million shares (+25.1 per cent DoD). Traded value also increased by 23.6 per cent to reach US$ 32.3 million as against US$ 26.1 million.

Stocks that contributed significantly to the volumes include FLYINGR1, WTL, TREET, TPLP AND PAELR.

READ MORE: Pakistan stocks dip 200 points on political uncertainty

KARACHI: Pakistan equities gained 353 points on Tuesday owing to decline in oil prices in the international markets.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,720 points as against previous day’s closing of 43,367 points, showing an increase of 352.93 points.

READ MORE: Pakistan stocks shed 286 points on political unrest

Analysts at Topline Securities said that Pakistan equities closed on a positive note as benchmark KSE-100 Index settled at 43,719 level (up 0.81 per cent).

Market open on a positive note over decline in international oil prices as market make an intraday high of 426 points.

Major contributors in today’s trading session were HUBC, LUCK, TRG and SYS cumulatively added 150 points in KSE100 Index further investor’s interest also witnessed in Financial sector where HBL, MCB and BAHL closed higher.

READ MORE: Weekly Review: market likely to stay range bound

Analysts at Arif Habib Limited said that another Lackluster session was observed today due to political noise. Market opened in the green zone and stayed positive throughout the day.

Main board activity continued to remain sluggish, whereas market witnessed hefty volumes in the 3rd tier stocks. In the last trading hours buying was observed across the board.

READ MORE: Pakistan stocks dip 200 points on political uncertainty

Sectors contributing to the performance include Cement (+75.9 points), Power (+68.1 points), Technology (+55.3 points), Banks (+39.5 points) and OMC’s (+26.49 points).

Volumes increased from 115.1 million shares to 189.0 million shares (+64.2 per cent DoD). Traded value also increased by 28.6 per cent to reach US$ 26.2 million as against US$ 20.3 million.

Stocks that contributed significantly to the volumes include TELE, TPLP, TREET, WTL AND SSGC.

READ MORE: Pakistan stocks gain 810 points on sharp dip in oil prices