Tag: KSE-100

KARACHI: Pakistan equities lost 313 points on Monday owing to lackluster trading activity during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 45,363 points from last Friday’s closing of 45,676 points, showing a decline of 313 points.

READ MORE: Weekly Review: positive sentiments likely on PM Moscow visit

Analysts at Topline Securities said that Pakistan equities started the week with lackluster activity.

During trading hours, the KSE-100 index lingered in a negative zone most of the day because of dismal investors’ sentiment.

During the day, the KSE 100 index made an intraday low at 45,342 level (-334 points; down 0.74 per cent) and eventually settled at 45,363 level (-313 points; down 0.69 per cent) for the day.

READ MORE: Stocks gain 235 points on declining crude oil prices

On corporate announcement front, Meezan Bank Limited disclosed its year 2021 result where the bank posted earnings of Rs. 17.35, an improvement of 26 per cent over YoY, along with the final cash dividend of Rs. 1.50, making total cash payout of Rs. 6 for the calendar year. The aforesaid result was better than expectation due to higher than anticipated Net Spread Earned and Fee Commission Income.

READ MORE: Stocks end down by 244 points on corporate results

In addition to this, Nishat Mills Limited (NML) also declared its half yearly 2021/2022 accounts where earning per shares (EPS) clocked in at Rs. 15.9 an improvement of 216 per cent YoY. The company didn’t announced any payout with the result.

Bank, Tech, Cement and E&P sectors’ stocks saw some selling today where MEBL, TRG, LUCK and MARI contributed negatively by losing 97 points. On the flip side, BAHL, DCR and FATIMA added 20 points collectively, today.

READ MORE: Stocks shed 47 points on inflation concerns

About 138 million shares traded today while total value clocked in at Rs. 3.6 billion. WTL was volume leader of the day with 19.1 million shares traded in it, today.

KARACHI: Pakistan’s stocks likely to stay positive during next week owing to scheduled visit of Prime Minister Imran Khan to Moscow, Russia.

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

PM Khan is expected to visit Moscow in the next week, with agenda of two mega gas pipeline projects in order to cater depleting gas reserves.

READ MORE: Stocks gain 235 points on declining crude oil prices

Signing of a commercial agreement during this visit will be a key catalyst. Keeping in view the ongoing result season, certain sectors and scrips are expected to stay under limelight.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 5.1x (2022) compared to Asia Pac regional average of 13.9x while offering a dividend yield of 8.6 per cent versus 2.3 per cent offered by the region

The market commenced on a negative note this week on the back of tensions over possible war between Russia and Ukraine (which shot up international oil prices) tagged with prevailing political situation in the country.

READ MORE: Stocks end down by 244 points on corporate results

Albeit, the market took some respite after news of Russian troops’ withdrawal from Ukraine’s border made the rounds. However, market sentiment remained subdued throughout the week owed to an increase in local petroleum prices which raised concerns over inflation.

Furthermore, the massive jump in trade deficit by 93 per cent YoY in 7MFY22 fuelled the negative sentiment.

Moreover, below expectation financial result of certain scrips further deteriorated the momentum. Whereas, passing of Oil and Gas Regulatory Authority (Amendment) Bill, 2022 and Weighted Average Cost of Gas (WACOG) Bill by Senate kept gas utilities and certain scrips of OMCs and E&Ps in the limelight, cushioning the overall dip. The market closed at 45,676 points, losing 403points (down by 0.9 per cent) WoW.

READ MORE: Stocks shed 47 points on inflation concerns

Sector-wise negative contributions came from i) Commercial Banks (88 points), ii) Fertilizers (68 points), iii) Power Generation & Distribution (66 points), iv) Technology & Communication (39 points), and v) Cement (37 points). Whereas, sectors which contributed positively were i) Automobile Assembler (9 points), ii) Chemical (9 points) and iii) Oil & Gas Exploration (5 points). Scrip-wise negative contributors were HUBC (67 points), ENGRO (62 points), MEBL (36 points), SYS (35 points) and DAWH (34 points). Meanwhile, scrip-wise positive contribution came from EFERT (55 points), SNGP (24 points) and MTL (22 points).

READ MORE: KSE-100 index gains 88 points in range-bound trading

Foreign selling continued this week, clocking-in at $1.97 million compared to a net sell of $5.9 million last week. Major selling was witnessed in Technology ($1.5 million) and Commercial Banks ($0.5 million). On the local front, buying was reported by Banks ($4.9 million) followed by Individuals ($2.4 million). Average volumes clocked-in at 191 million shares (down by 8 per cent WoW) while average value traded settled at $30 million (down by 36 per cent WoW).

KARACHI: Pakistan’s stocks witnessed an increase of 235 points on Friday owing to improved sentiments following decline in crude oil prices.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,676 points as against previous day’s closing of 45,441 points, showing an increase of 235 points.

READ MORE: Stocks end down by 244 points on corporate results

Analysts at Arif Habib Limited said that the market witnessed positive momentum along with improved trading volumes today due to decline in crude oil prices.

After the approval of two new bills by the Senate pertaining to the Gas Sector, “Oil and Gas Regulatory Authority (Amendment) Bill, 2022” and “Weighted Average Cost of Gas (WACOG) Bill” which led SNGP, SSGC, OGDC, PPL and PSO to close in the green zone.

READ MORE: Stocks shed 47 points on inflation concerns

In banking sector, Bank of Punjab (BOP) remained in the limelight as it announced financial result declaring 12.5 per cent bonus shares and earnings per share beating market expectations.

Sectors contributing to the performance include Banks (+47.4 points), Fertilizer (+36.3 points), OMC’s (+34.2 points), E&P (+31.6 points) and Cement (+28.3 points).

READ MORE: KSE-100 index gains 88 points in range-bound trading

Volumes increased from 152.9 million shares to 194.1 million shares (+26.9 per cent DoD). Traded value decreased by 9.7 per cent to reach US$ 24.5 million as against US$ 27.2 million.

Stocks that contributed significantly to the volumes include BOP, SNBL, TELE, SNGP and KEL.

READ MORE: Stocks plunge 435 points on rising international oil prices

KARACHI: Pakistan Stocks ended down by 244 points on Thursday owing to below expectation corporate results.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 45,441 points as against 45,685 points, showing a decrease of 244 points.

READ MORE: Stocks shed 47 points on inflation concerns

Analysts at Topline Securities said that Pakistan equities commenced the day on a negative note in the backdrop of below expectation corporate announcement.

Initially, ENGRO Corp announced the CY21 earnings where company announced Rupee 1 payout against the street expectation of Rupee 4-5.

The reports flow regarding resumption in Russia/Ukraine tension further deteriorated investors’ sentiment which triggered selling across the board.

READ MORE: KSE-100 index gains 88 points in range-bound trading

During the day, the KSE 100 index made an intraday low at 45,259 level (-426 points; down 0.93 per cent). However, value hunting resumed at that level which assisted market to show some recovery and eventually settled at 45,441 level.

Fertilizer, Power, Foods and Bank sectors’ stocks saw selling trend today where ENGRO, HUBC, DAWH and LUCK contributed negatively by losing 124 points. On the flip side, EFERT, MTL and HBL added 33 points collectively, today.

About 153 million shares traded today while total value clocked in at Rs. 4.8 billion. WTL was volume leader of the day with 16.1 million shares traded in it, today.

READ MORE: Stocks plunge 435 points on rising international oil prices

Analysts at Arif Habib Securities said that the market remained under-pressure today due to inflationary concern arising from higher fuel prices.

In cement sector, CHCC and KOHC remained in the limelight as it announced financial result in line with market expectations. Main board activity remained dull. Across the board selling was observed in the last trading hour, which led the market to close in the red zone.

READ MORE: Stocks gain 139 points in range-bound trading

Sectors contributing to the performance include Fertilizer (-56.0 points), Power (-42.0 points), Inv Banks (-36.4 points), Banks (-22.0 points) and Vanaspati & Allied (-16.7 points).

Volumes increased from 145.3 million shares to 152.9 million shares (+5.2 per cent DoD). Traded value also increased by 15.5 per cent to reach US$ 27.2 million as against US$ 23.6 million.

Stocks that contributed significantly to the volumes include WTL, HUMNL, TELE, KEL and UNITY.

KARACHI: Pakistan stocks have declined by 47 points on Wednesday owing to inflation concerns following hike in domestic fuel prices.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 45,685 points as against 45,732 points, showing a decrease of 47 points.

READ MORE: KSE-100 index gains 88 points in range-bound trading

Analysts at Arif Habib Limited said that the market witnessed another range-bound session today due to inflationary concern arising from higher fuel prices.

Index opened on positive note at the start of trading session but closed with negative 46 points.

READ MORE: Stocks plunge 435 points on rising international oil prices

In cement sector, PIOC remained under pressure despite of financial result in line with market expectations. Main board activity remained dull.

In last trading hour, Investors opted for profit-taking which led the market to close in the red zone.

READ MORE: Stocks gain 139 points in range-bound trading

Sectors contributing to the performance include Commercial Banks (-28.1 points), Cement (-28.1 points), OMC (-12.4 points), E&P (-6.0 points) and Sugar (-4.5 points).

Volumes decreased from 274.6 million shares to 145.3 million shares (-47.1 per cent DoD). Traded value also decreased by 38.8 per cent to reach US$ 23.5 million as against US$ 38.5 million.

Stocks that contributed significantly to the volumes include KEL, WTL, FABL, HUMNL and BOP.

READ MORE: Stocks plummet by 400 points in dull trading

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 88 points on Tuesday in a range-bound trading activity.

The index closed at 45,732 points as against previous day’s closing of 45,644 points, showing an increase of 88 points.

READ MORE: Stocks plunge 435 points on rising international oil prices

Analysts at Arif Habib Limited said that the market witnessed range-bound activity today due to mounting international oil prices.

Index opened on positive note at the start of trading session and managed to close positive with 88 points.

READ MORE: Stocks gain 139 points in range-bound trading

In IPPs, HUBC remained under pressure due to disappointing financial result. In Banking sector, AKBL made the journey to lower circuit due to no payout in the financial result. Main board activity remained dull.

Sectors contributing to the performance include Fertilizer (+31.3 points), Technology (+31.1 points), Automobile (+18.6 points), Cement (14.4 points) and Inv. Banks (+10.8 points).

READ MORE: Stocks plummet by 400 points in dull trading

Volumes increased from 187.8 million shares to 274.6 million shares (+46.2 per cent DoD). Traded value also increased by 13.7 per cent to reach US$ 38.4 million as against US$ 33.8 million.

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

READ MORE: Stocks gain 392 points in bullish trading

KARACHI: Pakistan stocks plunged by 435 points on Monday as crude oil prices surged to seven-year high in the international markets.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,644 points as against last Friday’s closing of 46,079.37 points, showing a decrease of 435 points.

READ MORE: Stocks gain 139 points in range-bound trading

Analysts at Arif Habib Limited said that bloodbath session was witnessed today as crude oil prices surged to a seven-year high in the international markets amid intensifying tensions between Ukraine and Russia.

Cement sector stayed under pressure due to higher international coal prices. Across the board selling was recorded as investors opted for risk-averse approach. Main board activity remained dull.

READ MORE: Stocks plummet by 400 points in dull trading

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

Sectors contributing to the performance include Commercial Banks (-76.6 points), Technology (-63.1 points), Fertilizer (-53.6 points), Cement (-42.6 points) and Engineering (-31.9 points).

READ MORE: Stocks gain 392 points in bullish trading

Volumes increased from 170.6 million shares to 187.8 million shares (+10.1 per cent DoD). Traded value decreased by 23.0 per cent to reach US$ 33.9 million as against US$ 44.0 million.

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

READ MORE: Stocks end up 107 points in volatile trading

KARACHI: The stock market likely to stay positive during the next week owing to strong financial results of corporate entities.

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

With the continuation of a strong result season, certain sectors and scrips are expected to stay under limelight.

READ MORE: Stocks gain 139 points in range-bound trading

The benchmark KSE-100 of Pakistan Stock Exchange (PSX) is currently trading at a PER of 5.1x (2022) compared to Asia Pac regional average of 13.9x while offering a dividend yield of 8.5 per cent versus 2.3 per cent offered by the region.

READ MORE: Stocks plummet by 400 points in dull trading

The market commenced the week on a positive note as the IMF Board approved the $1 billion disbursement.

Additionally, the Economic Coordination Committee (ECC) approved the much awaited Textile Policy after incorporating certain changes.

READ MORE: Stocks gain 392 points in bullish trading

However, the market corrected midweek as oil prices crossed $90 per barrel for the first time since 2014. Furthermore, Pakistan’s fiscal deficit contracted 2.1 per cent (PKR1.37trn) during first half of the current fiscal year.

The market closed at 46,079 points, gaining 170 points (+0.4 per cent) WoW.

Sector-wise positive contributions came from i) Fertilizers (159 points), ii) Automobile Assembler (55 points), iii) Oil & Gas Exploration Companies (40 points), iv) Commercial Banks (38 points), and v) Power Generation & Distribution (34 points).

READ MORE: Stocks end up 107 points in volatile trading

Whereas, sectors which contributed negatively were i) Technology & Communication (66 points), ii) Cement (49 points), iii) Oil & Gas Marketing Companies (45 points, iv) Insurance (36 points) and Cable & Electrical Goods (20 points). Scrip-wise positive contributors were ENGRO (86 points), DAWH (61 points), MEBL (59 points), EPCL (34 points) and FFC (33 points). Meanwhile, scrip-wise negative contribution came from PSO (39 points), AICL (35 points), SYS (33 points), MCB (21 points) and PAEL (20 points).

READ MORE: Stocks shed 68 points despite initiating positive

Foreign selling continued this week, clocking-in at USD 5.9 million compared to a net sell of USD 4.4 million last week. Major selling was witnessed in Technology (USD 3.2 million) and All other sectors (USD 1.6 million).

On the local front, buying was reported by Other Organizations (USD 11.1 million) followed by Individuals (USD 3.1 million). Average volumes clocked-in at 207 million shares (down by 28 per cent WoW) while average value traded settled at USD 46 million (down by 16 per cent WoW).

KARACHI: Pakistan’s stocks gained 139 points on Friday as the market witnessed range-bound trading during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 46,079 points as against previous day’s closing of 45,940 points, showing an increase of 139 points.

READ MORE: Stocks plummet by 400 points in dull trading

Analysts at Arif Habib Limited said that the market stayed range-bound today as sustainability concerns arise over psychological level of 46,000.

Cement sector stayed under pressure due to higher international coal prices.

PSO stayed under pressure due to zero payout (cash dividend or bonus) in the financial result.

READ MORE: Stocks gain 392 points in bullish trading

Index level of 46,000 was unable to digest by the investors as profit taking was observed across the board in the last trading hour.

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

READ MORE: Stocks end up 107 points in volatile trading

Sectors contributing to the performance include Banks (+121.6 points), Misc (+26.8 points), Automobile (+21.3 points), Cement (+18.0 points) and Technology (+17.7 points).

Volumes decreased from 286.0 million shares to 170.6 million shares (-40.3 per cent DoD). Traded value also decreased by 16.7 per cent to reach US$ 44.2 million as against US$ 53.1 million.

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

READ MORE: Stocks shed 68 points despite initiating positive

KARACHI: Pakistan stocks fell by 400 points on Thursday as the market recorded dull trading during the day.

The benchmark KSe-100 index of Pakistan Stock Exchange (PSX) closed at 45,940 points as against previous day’s closing of 46,340 points, showing a decrease of 400 points.

READ MORE: Stocks gain 392 points in bullish trading

Analysts at Arif Habib Limited said that the market remained dull today as sustainability concerns arise over physiological level of 46,000.

Cement sector stayed under pressure due to higher international coal prices. In the fertilizer sector, EFERT remained in the limelight as it announced financial result in line with market expectations.

READ MORE: Stocks end up 107 points in volatile trading

Index level of 46,000 was unable to digest by the investors as profit taking was observed across the board in the last trading hour, which led the market to close in the red zone.

Sectors contributing to the performance include Banks (-120.6 points), Fertilizer (-63.2 points), Technology (-57.5 points), E&P (-42.7 points) and Cement (-35.0 points).

READ MORE: Stocks shed 68 points despite initiating positive

Volumes increased from 243.1 million shares to 286.0 million shares (+17.6 per cent DoD). Traded value decreased by 6.7 per cent to reach US$ 53.0 million as against US$ 56.8 million.

Stocks that contributed significantly to the volumes include TREET, KEL, HUMNL, WTL and EPCL.

READ MORE: Weekly Review: Sentiments to positive on PM China visit