Tag: KSE-100

KARACHI: The stocks ended with a nominal gain of 17 points on Wednesday due to rise in Omicron cases – the new variant of coronavirus.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,408 points as against previous day’s closing of 45,391 points, showing an increase of 17 points.

Analysts at Arif Habib Limited said that the market played in the range-bound area today as investors remained risk-averse due to the rising number of Covid-19’s new variant Omicron cases in Pakistan.

Profit-taking was witnessed in the first trading hour while market battled between the bulls and bears throughout the day.

Activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks.

Sectors contributing to the performance include E&P (+25 points), Power (+24 points), Investment Banks/Sec. (+20 points), Fertilizer (+13 points) and Tobacco (+13 points).

Volumes increased from 376.0 million shares to 432.1 million shares (+14.9 per cent DoD). Traded value decreased by 19.5 per cent to reach US$ 58.2 million as against US$ 72.3 million.

Stocks that contributed significantly to the volumes include WTL, UNITYR3, TELE, FNEL and TRG.

KSE-100 index gains 504 points on easing trade deficit

KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) gained 504 points on Tuesday as the trade deficit contracted.

The index closed at 45,391 points as against the previous day’s closing of 44,887 points, showing an increase of 504 points.

Analysts at Arif Habib Limited said that bullish momentum continued today as the confidence of investors gained due to improvement in economic numbers as trade deficit declined to $4.1 billion during December 2021 and drop down in food inflation.

READ MORE: Pakistan’s trade deficit swells by 100% in 1HFY22

The market opened in the green zone as traders took an aggressive bet on high beta stocks.

Tech stocks made the journey to the north as fresh allocation of funds towards the tech sector was initiated in order to make alpha returns.

In the last trading hour, across the board profit-taking was witnessed mainly in cyclical stocks. Activity continued to remain side-ways as the market witnessed hefty volumes in the 3rd tier stocks.

READ MORE: Headline inflation rises by 12.3% in December 2021

Sectors contributing to the performance include Technology (+112 points), Cement (+72 points), E&P (+59 points), Power (+42 points), and Pharmaceuticals (+36 points).

Volumes increased significantly from 195.2 million shares to 376.0 million shares (+92.6 per cent DoD). Traded value also increased by 96.1 per cent to reach US$ 72.3 million as against US$ 36.9 million.

Stocks that contributed significantly to the volumes include UNITYR3, TRG, WTL, TELE and FNEL.

READ MORE: Dollar advances to Rs176.75 on post-holidays demand

KARACHI: The stocks gained 291 points on Monday amid contraction in the trade deficit and recovery in rupee value last week.

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) ended at 44,887 points from last Friday’s closing of 44,996 points, showing an increase of 291 points.

READ MORE: KSE-100 index gains 180 points amid profit-taking

Analysts at Arif Habib Limited said that the market closed in the green zone today as the trade deficit declined to $4.1 billion during December 2021 and recovery in Pak Rupee against the dollar over last week.

READ MORE: Pakistan’s trade deficit swells by 100% in 1HFY22

The market opened with low volumes but the rally in cement stocks was initiated as international coal prices dropped for the third consecutive session.

CPI for the month of Dec 2021 clocked in at 12.28 per cent YoY, highest inflation in 22 months.

READ MORE: Headline inflation rises by 12.3% in December 2021

In the last trading hour, across the board buying was witnessed mainly in cyclical stocks. Activity continued to remain side-ways as the market witnessed hefty volumes in the 3rd tier stocks.

Sectors contributing to the performance include Fertilizer (+58 points), Cement (+54 points), Technology (+50 points), Engineering (+39 points) and Banks (+33 points).

READ MORE: Dollar retreats to year end at Rs176.51

Volumes decreased from 317.6 million shares to 195.2 million shares (-38.6 per cent DoD). Traded value also decreased by 39.8 per cent to reach US$ 36.9 million as against US$ 61.4 million.

Stocks that contributed significantly to the volumes include PIBTL, TPLP, GGL, FNEL and CNERGY.

KARACHI: The stock market likely to stay positive during next week owing to clarity on the International Monetary Fund (IMF) front.

Analysts at Arif Habib Limited expect that bourse to remain in the green zone amid clarity on the IMF front.

Moreover, they expect foreign inflows in the upcoming month amid ‘January effect’.

READ MORE: IMF Board to approve $1.059bn by Jan 12, 2022: Tarin

Overall optimism with respect to upcoming corporate result season and scrips currently being traded at attractive valuations is further expected to boost positive sentiment in the bourse.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 5.0x (2022) compared to Asia Pac regional average of 15.0x while offering a dividend yield of around 8.9 per cent versus around 2.2 per cent offered by the region.

READ MORE: KSE-100 index gains 180 points amid profit-taking

In the week commencing December 27, 2021, KSE 100 index shredded 204.95 points owing to lack of clarity on implications of supplementary Finance Bill & mini budget and looming concerns of Omicron variant across major cities of Pakistan.

However, the market adopted a positive momentum for the remaining week once uncertainties related to supplementary Finance Bill & mini budget gradually began to dispel after it was tabled in Cabinet.

The week neared its end with investor sentiments further strengthening after the supplementary Finance Bill and mini budget received Cabinet’s approval, as it was the last hurdle remaining in the way of USD 1 billion tranche disbursement from IMF (meeting due on January 12, 2022).

Furthermore, the PKR/USD Parity strengthened to PKR 176.51 (4-weeks high). The market snapped its 4-day bullish streak and closed at 44,596.07  points, gaining 179.87 points (up by 1.1 per cent) WoW. The activity in the outgoing week remained subdued with total volume averaging at 218 million.

READ MORE: Dollar retreats to year end at Rs176.51

Sector-wise positive contributions came from i) Cement (112 points), ii) Fertilizer (75 points), iii) Commercial Banks (72 points), iv) Tobacco (32 points), and v) Oil & Gas Marketing (32 points). Whereas, sectors which contributed negatively were i) Power Generation (18 points), ii) Inv. Banks (7 points). Scrip-wise positive contributors were MCB (45 points), POL (34 points), ENGRO (33 points), DGKC (33 points) and PAKT (32 points). Meanwhile, scrip-wise negative contribution came from HUBC (39 points), HMB (18 points) and ABOT (17 points).

Foreign buying witnessed this week, clocking-in at USD 8.1 million compared to a net sell of USD 3.7 million last week. Major buying was witnessed in Technology (USD 4.8 million) and All Other Sectors (USD 2.5 million). On the local front, selling was reported by Banks/DFIS (USD 2.5 million) followed by Individuals (USD 2.0 million). Average volumes clocked-in at 218 million shares (up by 1.2 per cent WoW) while average value traded settled at USD 84 million (up by 13 per cent WoW).

KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) gained 180 points on Friday amid profit-taking observed on the last trading day of the week.

The index closed at 44,596 points as against last day’s closing of 44,416 points, showing an increase of 180 points.

READ MORE: Stocks gain 156 points ahead of mini-budget

Analysts at Arif Habib Limited said that the market continued to remain subdued even after the approval of the mini-budget by the cabinet.

The market opened on a positive note due to a rally in cement stocks as international coal prices dropped for the second consecutive session.

In the second session, profit-taking was witnessed across the board. Activity continued to remain side-ways as the market witnessed hefty volumes in the 3rd tier stocks.

Sectors contributing to the performance include E&P (+73 points), Commercial Banks (+64 points), Fertilizer (+50 points) Cement (+36 points) and Food and Personal Care (+20 points).

Volumes increased from 243.1 million shares to 317.6 million shares (+30.7 per cent DoD). Traded value increased by 4.7 per cent to reach US$ 61.4 million as against US$ 58.6 million.

Stocks that contributed significantly to the volumes include WTL, CNERGY, TRG, PRL and KEL.

READ MORE: SBP introduces Shariah compliant OMO injections

KARACHI: The stocks gained 156 points on Thursday ahead of mini-budget announcement, analysts said.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,416 points as against previous day’s closing of 44,260 points, showing an increase of 156 points.

READ MORE: KSE-100 index up 216 points in range-bound trading

The analysts at Arif Habib Limited said that the index stayed in the green zone ahead of mini-budget.

Cement sector remained in the limelight as cement stocks rallied in the first trading hour due to reduction in international coal prices.

In banking sector, MEBL stayed in the limelight as SBP for the first time has introduced shariah compliant liquidity facilities for Islamic banking institutions to enable them to offer better returns and rates to their customers on deposits and loans.

READ MORE: SBP introduces Shariah compliant OMO injections

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

Sectors contributing to the performance include Technology & Communication (+79 points), Commercial Banks (+60 points), Fertilizer (+44 points) Cement (+32 points) and Tobacco (+16 points).

Volumes decreased from 271.1 million shares to 243.1 million shares (-10.3 per cent DoD). Traded value increased by 26.8 per cent to reach US$ 58.3 million as against US$ 45.9 million.

Stocks that contributed significantly to the volumes include KEL, TREET, TRG, CNERGY and PRL.

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) experienced a modest gain of 216 points on Wednesday, closing at 44,260 points, up from the previous day’s closing of 44,044 points.

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KARACHI: The stocks gained 130 points on Tuesday amid volatility due to roll-over week and ahead announcement of mini-budget.

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) ended at 44,044 points as against the previous day’s closing 43,913 points, showing an increase of 130.

READ MORE: Weekly Review: market to move with mini-budget

Analysts at Arif Habib Limited said that the market continued to remain volatile due to the roll-over week and upcoming mini-budget.

Profit-taking was witnessed in the first trading hour while the market battled between the bulls and bears throughout the day.

READ MORE: Stocks end down by 149 points on falling forex reserves

Mainboard volumes remained on the dull note due to lack of any trigger whereas activity continued to remain side-ways as the market witnessed hefty volumes in the 3rd tier stocks.

Sectors contributing to the performance include Technology & Communication (+59 points), Oil & Gas Exploration Companies (+44 points), Cement (+9 points) Automobile Assembler (+9 points) and Oil & Gas Marketing Companies (+7 points).

READ MORE: CGT on disposal of securities to be collected on Dec 30

Volumes increased from 114.7 million shares to 143.4 million shares (+25.1 per cent DoD). Traded value also increased by 12.9 per cent to reach US$ 28.0 million as against US$ 24.8 million.

Stocks that contributed significantly to the volumes include UNITYR3, TRG, HUMNL, KEL and UNITY.

READ MORE: CGT rates on disposal of securities during Tax Year 2022

KARACHI: The stock exchange remained choppy and lost 205 points on Monday owing to the expected mini-budget to be tabled by the government this week.

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 43,913 points as against last Friday’s ending of 44,118 points, showing a decrease of 205 points.

READ MORE: Weekly Review: market to move with mini-budget

Analysts at Arif Habib Limited said that the market remained choppy due to the upcoming mini-budget.

Profit-taking was witnessed in the last trading hour while the market battled between the bulls and bears throughout the day.

Mainboard volumes remained on the dull note due to lack of any trigger whereas activity continued to remain side-ways as the market witnessed hefty volumes in the 3rd tier stocks.

READ MORE: Stocks end down by 149 points on falling forex reserves

Sectors contributing to the performance include Oil & Gas Exploration Companies (-63 points), Technology & Communication (-55 points), Power Generation & Distribution (-34 points) Commercial Banks (-33 points) and Food & Personal Care Products (-20 points).

READ MORE: CGT on disposal of securities to be collected on Dec 30

Volumes decreased from 223.4 million shares to 114.7 million shares (-48.7 per cent DoD). Traded value also decreased by 39.8 per cent to reach US$ 24.8 million as against US$ 41.2 million.

Stocks that contributed significantly to the volumes include CNERGY, TRG, UNITYR3, UNITY and TELE.

READ MORE: CGT rates on disposal of securities during Tax Year 2022

KARACHI: The stock market is likely to move with the proposals made by the government in the mini-budget expected to submit this week.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) increased by 0.5 per cent on week on week (WoW) basis, said analysts at Topline Securities.

READ MORE: Stocks end down by 149 points on falling forex reserves

Major events during the outgoing week were:

1) SBP governor in an interview stated that they are ready to pause interest-rate increases to preserve economic recovery after making Asia’s most aggressive rate hikes (275 basis points in total) in three goes since September 2021

2) Current account deficit for the month of November 2021 clocked in at $1.91 billion (vs. October 2021 current account deficit of $1.76 billion)

READ MORE: CGT on disposal of securities to be collected on Dec 30

3) textile export for the month of November 2021 clocked in at $1.736 billion (vs. October 2021 textile export of $1.6 billion)

4) SBP raised Rs158 billion on Wednesday against the target of Rs100bn by selling fixed-rate Pakistan Investment Bonds.

4) statement from the Ministry of Finance that the sixth review of the Extended Fund Facility (EFF) would be presented to the International Monetary Fund (IMF) board on January 12, 2022.

READ MORE: IMF Board to approve $1.059bn by Jan 12, 2022: Tarin

5) government has decided to submit two bills before the parliament next week for abolishing sales tax exemptions, raising withholding tax on the telecom sector, and granting autonomy to the SBP, as part of prior action of IMF program

6) the federal government has only managed to collect 7 per cent of the petroleum levy collection target in the first five months of FY22 and

7) foreign exchange reserves held by the central bank fell by $415 million on a weekly basis to $18.15 billion as of December 17, 2021.

READ MORE: No deadlock in Pakistan, IMF talks: spokesman