Tag: KSE-100

KARACHI: The stock market fell by 39 points on Monday in lackluster trading activity during the day. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 46,918 points from last Friday’s closing of 46,957 points.

Analysts at Topline Securities said that a lackluster session was observed at the bourse during the day.

To note, concerns regarding a ballooning trade deficit number coupled with a potential reclassification of Pakistan from the MSCI Emerging Market Index to the MSCI Frontier Market Index kept the investors at bay.

On the results front, FCCL announced its FY21 EPS of 2.52 as compared to an LPS of (0.04) in the corresponding period last year. However, the stock succumbed to selling pressure as investors seemed disappointed over no payout after which the stock closed at Rs19.50 (down 2.69 per cent).

Volumes continued to remain depressed as the total volume for the KSE 100 Index clocked in at 94.25 million shares while the total turnover in the KSE All Share Index was recorded at 416.15 million shares.

The volume leader in today’s session was TPL with 59.66 million shares exchanging hands.

KARACHI: The stock market is likely to witness range-bound activities during next week. The analysts said that the current account deficit may be a major concern for the investors.

The analysts at Arif Habib Limited said that the concerns persist over how manageable the deficit on the current account may be.

However, the IMF review may note some positive progress especially on the back of impressive recent tax numbers for July-August (23 percent higher than the target).

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) is currently trading at a PER of 5.9x (2021) compared to the Asia Pac regional average of 14.5x while offering a dividend yield of 7.0 percent versus 2.2 percent offered by the region.

The domestic bourse closed in red this week primarily on account of augmenting concerns on the external account. As per media reports, imports clocked in at PKR 6.3bn for Aug’21 taking the trade deficit to Rs4 billion, which is the highest ever for a single month. The local currency has continued to slide downwards with the PKR/USD settling at 166.9. Meanwhile, the cement sector has also seen pressure this week with coal prices continuing to soar. The index closed at 46,957 points, down 179 points WoW.

Sector-wise negative contributions came from i) Commercial Banks (301 points), ii) Cement (100 points), iii) Automobile Assembler (77 points), iv) Textile composite (20 points), and v) Oil & Gas Marketing Companies (19 points).

Whereas sectors which contributed positively were i) Technology & Communication (176 points), ii) Power Generation & Distribution (77 points) and iii) Refinery (51 points). Scrip-wise negative contributors were HBL (105 points), MEBL (80 points), UBL (63 points), MCB (48 points) and MLCF (24 points). Meanwhile, scrip-wise positive contributions came from SYS (141 points), HUBC (82 points), and TRG (33 points).

Foreign selling continued this week, settling at USD 5.9 million against a net sell of USD 5.4 million last week. Selling was witnessed in Commercial Banks (USD 4.3 million), Cement (USD 1.3 million), and Exploration and Production (USD 0.8 million).

On the domestic front, major buying was reported by Individuals (USD 5.1 million) and Insurance Companies (USD 4.0 million).

Average volumes clocked in at 462 million shares (up by 20 percent WoW) while average value traded settled at USD 83 million (up by 5 percent WoW).

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell by 510 points on Thursday. The index fell owing to profit booking during the day.

The index closed at 46,903 points as against the previous day’s closing of 47,413 points, showing a decline of 510 points.

Analysts at Arif Habib Limited said that the market saw a draw-down of 539 points during the session, which came in the backdrop of depreciating rupee, rising costs of commodities (particularly coal for Cement) and redemption calls at mutual funds end.

The cement sector saw significant selling pressure followed by Banks and Technology stocks due to cost pressures and limited flexibility to pass on the costs.

Weak investor sentiment as evident from longer than anticipated consolidation of the KSE-100 benchmark made even the depreciating rupee a negative factor for Technology, Textile, and E&P stocks, which would otherwise benefit.

Among scrips, GGL topped the volumes with 57.9 million shares, followed by WTL (53.3 million) and ANL (42.1 million).

Sectors contributing to the performance include Banks (-138 points), Cement (-125 points), Fertilizer (-43 points), E&P (-38 points) and Technology (-32 points).

Volumes increased from 536.6 million shares to 544.4 million shares (+1 percent DoD). The average traded value also increased by 12 percent to reach US$ 96.2 million as against US$ 8.1 million.

Stocks that contributed significantly to the volumes include GGL, WTL, ANL, SERFR, and TELE, which formed 41 percent of total volumes.

Stocks that contributed positively to the index include NRL (+8 points), PSX (+7 points), ATRL (+7 points), BYCO (+6 points), and MARI (+4 points). Stocks that contributed negatively include UBL (-41 points), HBL (-40 points), LUCK (-36 points), MCB (-30 points) and CHCC (-25 points).

KARACHI: The stock market gained 54 points on Tuesday in a range bound trading observed during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,420 points from the previous day’s closing of 47,366 points.

Analysts at Topline Securities said that a range-bound session was observed at the exchange today with the KSE 100 Index printing an intra-day high of 47,596 and an intra-day low of 47,349 points.

Major positive contributors in today’s session were namely SYS, MARI, LUCK, PAEL & PPL who cumulatively added 117 points to the benchmark index while POL, MEBL, BAHL, PSMC & PIOC dragged the KSE 100 index lower by 71 points.

On the results front, PSMC announced a disappointing 2QCY21 EPS of Rs5.09 after which the stock succumbed to selling pressure.

KOHC also announced its FY21 EPS of 17.41 as compared to a FY20 LPS (2.21).

Volumes continued to remain depressed with the total traded volume and value clocking in at 377.19 million shares and Rs13.97 billion, respectively.

The volume leader for today was TELE with 41.59 million shares traded during the session.

KARACHI: The benchmark KSE-100 index increased by 229 points on Monday in mixed trading activities.

The KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,365 points as against last Friday’s closing of 47,136 points, showing an increase of 229 points.

Analysts at Arif Habib Limited said that market performed well after closing the rollover week.

The ascent in international crude oil prices, due to hurricane IDA, helped propel Oil and Gas chain, particularly E&P stocks.

Power sector saw HUBCO coming to the fore on the back of declaration of healthy dividends.

Besides, cement, fertilizer, steel and technology stocks contributed positively to the Index. Banks, Autos and Textile sector saw continued profit booking.

Volumes remained virtually the same at 382.6 million shares against 382.3 million shares the other day. Average traded value declined by 8 per cent to reach US$ 74.3 million as against US$ 80.1 million.

Stocks that contributed significantly to the volumes include BYCO, GGL, WTL, YOUW and TELE, which formed 38 per cent of total volumes.

Stocks that contributed positively to the index include HUBC (+75 points), ENGRO (+31 points), OGDC (+26 points), PPL (+22 points) and TRG (+17 points). Stocks that contributed negatively include MEBL (-49 points), HBL (-38 points), MCB (-14 points), MARI (-11 points) and UBL (-10 points).

KARACHI: The stock market remained under pressure on Friday and closed with a decline of 227 points.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,137 points as against 47,363 points.

Analysts at Topline Securities said that the market largely remained under pressure during the trading session.

Major contributions to the index came from Meezan Bank Limited (MEBL), Systems Limited (SYS) and Lucky Cement (LUCK), as they cumulatively contributed to 100 points.

On the other hand Engro Corporation Limited (ENGRO), Habib Bank Limited (HBL), International Industries (INIL), Service Industries Limited (SRVI) and Oil and Gas Development Company (OGDC), as they weighed down on the index by 110 points.

Traded volume and value for the day stood at 382 million shares and Rs.13.3 billion.

World Call Telecom Limited (WTL) was today`s volume leader with around 31.6 million shares.

Indus Motors Company Limited (INDU) posted its 4QFY21 result announcement in which its posted earnings per share of Rs56.1 along with a final cash dividend of Rs.36.5/share.

Bank of Punjab (BOP) in the banking space posted 2Q2021 EPS of Rs1.4. Abbott Laboratories (Pakistan) Limited (ABOT) for its  2Q2021 posted EPS of Rs.18.79 along with an Interim cash dividend of Rs.20/share.