Tag: KSE-100

KARACHI: The Pakistan Stock Exchange (PSX) ended down by 120 points on Monday. The benchmark KSE-100 closed at 47,673 points as against last Friday’s closing of 47,793 points.

Analysts at Topline Research said that the index opened the day in the positive territory. Initially it reached to an intra-day high of 47,930 points.

But it succumbed to selling pressure for the rest of the day. It closed near its intra-day low of 47,606 points.

The start of the futures roll over week, with an outstanding open position of Rs28.07 billion, coupled with concerns of a ballooning current account deficit kept the market gains in check.

PPL, MEBL, UBL, OGDC, & LUCK dragged the index lower by a cumulative 126 points while MCB, ENGRO & EFERT added 102pts to the benchmark KSE 100 index.

On the volume front, the KSE All Share Index total volume and value clocked in at 449.50 million shares and Rs13.57 billion, respectively.

With the introduction of 30, 60 & 90 Deliverable Futures Contract’s (DFC), total volume and value on the Futures counter clocked in at 314.48 million shares and Rs12.4 billion respectively.

WTL was the volume leader of the day. Its share trading recorded at 127.82 million during the session.

KARACHI: Pakistan stock market likely to stay range-bound as result season begins during next week. Analysts at Arif Habib Limited said that the Pakistan Stock Exchange (PSX) to remain range-bound to positive during next week. They attribute to beginning of result season, which will keep specific companies in limelight.

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KARACHI: The stock market ended down by 80 points on Friday due to lackluster trading activity. The lackluster activity was because of market opened on the third day of Eid ul Adha.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,793 points. The market closed at 47,873 points on July 19, 2021.

The market was remained closed from July 20 – 22, 2021 because of Eid ul Adha.

Analysts at Topline Securities said that lackluster activity was observed at the exchange.

The index traded between its intraday high of 73 points and intraday low of 187 points. It finally closed at 47,793 level.

This lackluster activity can be attributed to higher than expected current account deficit.

The current account recorded at deficit of US$1.644 billion in June 2021. The lackluster activity was also due to lack of interest by investors amid third day of Eid ul Adha.

Major contribution to the index came from SNGP, SYS, HUBC, LUCK and FFC. These stocks cumulatively contributed 68 points to the index. On the other hand ENGRO, MLCF, PSO, TRG and PSX weighed down on the index by 50 points.

Today`s traded volume and value stood at 314 million shares and Rs.11 billion, respectively.

BYCO was today`s volume leader with 34 million shares (apart from NDM).

KARACHI: The stock exchange gained 39 points on Monday in range bound trading activities.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,873 points. The market closed at 47,834 points last Friday, showing an increase of 39 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range.

Being a short trading week, investors were reluctant to go long. They preferred to close the intra-day positions regardless of the pertinent stock prices.

The falling rupee value adversely affected many scrips. However, SNGP and SSGC hitting upper circuit on the back of High Court’s decision. The court has decided in favor of gas utilities to maintain transmission UFG benchmark.

Technology stocks saw consistent upward movement in AVN. It hits upper circuit and an uptick in SYS that maintained such levels till end. Among scrips, BYCO topped the volumes with 24.2 million shares, followed by DNCCR (23.1 million) and SNGP (18.5 million).

Sectors witnessed improvement are include: Misc (+33 points), O&GMCs (+29 points). Further Banks (+18 points), Autos (+10 points), Cement (-24pt) and Technology (-14 points) have also seen improvement.

Volumes declined further from 348.5 million shares to 320.9 million shares (-8 per cent DoD). Average traded value also declined by 18 per cent to reach US$ 73.9 million as against US$ 90.3 million.

Stocks that contributed significantly to the volumes include BYCO, DNCCR, SNGP, ASC and TREET. They formed 29 per cent of total volumes.

Stocks contributed positively to the index included: PSEL (+33 points) and SNGP (+25 points). Further MEBL (+12 points), FFC (+11 points) and SSGC (+8 points) have also contributed. Stocks contributed negatively include LUCK (-22 points), TRG (-21 points), ENGRO (-12 points), HBL (-10 points) and BAFL (-8 points).

KARACHI: The stock market likely to continue the momentum gained in the outgoing week. Analysts at Arif Habib Limited said that cyclical sectors may be in the limelight on expected healthy earnings.

The analysts said rising COVID cases are remained challenging.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 6.8x (2021). This week has seen the index gaining some momentum.

This week saw the release of power generation data, which posted the highest ever generation of 130,223 GW.

Other news included receipt of USD 1 billion from Eurobond. Remittances clocked in at the highest level of USD 29.4 billion.

The index closed at 47,834 points, (up 271 points WoW).

Sector-wise positive contributions came from:

i) Commercial Banks (82 points),

ii) Technology & Communication (75 points),

iii) Cement (46 points),

iv) Textile Composite (36 points), and

v) Investment Banks/Investment Companies/Securities Companies (36 points).

The sectors contributed negatively included:

i) Fertilizer (36 points),

ii) Power Generation & Distribution (17 points),

iii) Pharmaceuticals (13 points),

iv) Oil & Gas Exploration Companies (12 points) and Automobile Parts & Accessories (7 points).

Scrip-wise positive contributors were SYS (79  points), LUCK (62  points), PSX (36  points), UNITY (33 points) and BAFL (30  points).

Scrip-wise negative contribution came from POL (15  points), EFERT (15  points), KAPCO (11  points), CHCC (11  points) and ENGRO (10  points).

The market witnessed foreign buying . It settled at USD 4.6 million against selling of USD 5.2 million.

The market witnessed buying in in cements, exploration and production and technology and communication.

On the domestic front, the market witnessed selling by Individuals (USD 9.98 million) and Broker Proprietary Trading (USD 6.32 million).

Average volumes clocked-in at 467 million shares (down by 4 per cent WoW). The average value traded settled at USD 96 million (down by 10 per cent WoW).

KARACHI: The stock market increased by 137 points on Thursday in mixed trading during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,628 points from previous day’s closing of 47,491 points, showing an increase of 137 points.

Analysts at Arif Habib Limited said that after consolidating in the past couple of sessions, the Index regained confidence today and added a total of 246 points, on the back of OGDC, PSO and otherwise the Technology sector.

Profit booking brought the index down by the end of session, closing +137 points.

Cement, Fertilizer and Refinery sectors bore selling pressure, whereas Steel, Chemical and Banking sector stocks contributed positively to the index. Flat steel players (ASL & ISL) increased prices today, which prompted an uptick in both stock prices.

Among scrips, WTL topped the volumes with 50.6 million shares, followed by KEL (38.9 million) and TPL (36.1 million).

Sectors contributing to the performance include E&P (+41 points), Technology (+37 points) Banks (+26 points), O&GMCs (+19 points) and Vanaspati (+15 points).

Volumes declined slightly from 508.2 million shares to 506.3 million shares (-0.5 per cent DoD). Average traded value declined by 4 per cent to reach US$ 97 million as against US$ 101 million.

Stocks that contributed significantly to the volumes include WTL, KEL, TPL, PIBTL and TPLP, which formed 36 per cent of total volumes.

Stocks that contributed positively to the index include OGDC (+28 points), TRG (+26 points), BAFL (+16 points), UNITY (+15 points) and PSO (+13 points). Stocks that contributed negatively include PAKT (-21 points), PSX (-15 points), HBL (-9 points), FFC (-8 points) and NML (-6 points). 

KARACHI: The stock market recorded an increase of 11 points at the end of the trading on Wednesday as selling pressure witnessed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,491 points as against previous 47,480 points showing an increase of 11 points.

Analysts at Arif Habib Limited said that the market remained range bound today, oscillating between -38 points and +114 points.

Large cap blue chip stocks (including ENGRO, POL, LUCK, SYS) kept the index balanced, which was otherwise under selling pressure in E&P, O&GMCs, Cement, Steel and Technology sectors.

Worsening situation at Afghanistan border and imposition of COVID lockdown in Sindh made the investors rethink portfolio positions, in addition to facing CGT liability to be settled by July 16th. Among scrips, WTL realized trading volumes of 44.5 million shares, followed by GGGL (44 million) and TPL (40.7 million).

Sectors contributing to the performance include Textile (+34 points), Autos (+26 points), Inv Banks (+19 points), Transport (+12 points), Technology (-25 points), Banks (-24 points) and Fertilizer (-20 points).

Volumes increased from 496.8 million shares to 508.3 million shares (+2 per cent DoD). Average traded value declined by 1 per cent to reach US$ 101 million as against US$ 102 million.

Stocks that contributed significantly to the volumes include WTL, GGGL, TPL, KEL and TPLP, which formed 33 per cent of total volumes.

Stocks that contributed positively to the index include PSX (+19 points), LUCK (+12 points), PIBTL (+12 points), INDU (+12 points) and NML (+11 points). Stocks that contributed negatively include TRG (-33 points), MCB (-28 points), EFERT (-17 points), MARI (-10 points) and FFC (-8 points).

KARACHI: The share market gained 33 points on Tuesday as investors maintained a cautious approach towards building positions.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,480 points as against previous day’s closing of 47,447 points, showing an increase of 33 points.

Analysts at Arif Habib Limited said that the investors maintained a cautious approach towards building positions, in the wake of Capital Gain Tax (CGT) liability that is due to be settled by mid of the month, whereby investors anticipate sell off by other than corporate and institutional investors.

Technology sector led the index with NETSOL hitting upper circuit and brisk trading in TRG & SYS. Power sector remained muted due to concerns over Petroleum Division’s stance on payments to IPPs under Power Policy of 2002.

Among scrips, WTL topped the volumes with 48 million shares, followed by GGGL (37.5 million) and TPL (28.4 million).

Sectors contributing to the performance include Technology (+36 points), Inv Banks (+25 points), Banks (+17 points), Fertilizer (+13 points), E&P (-17 points) and Autos (-15 points).

Volumes increased from 474.9 million shares to 496.8 million shares (+5 per cent DoD). Average traded value increased by 13 per cent to reach US$ 101.8 million as against US$ 90.2 million.

Stocks that contributed significantly to the volumes include WTL, GGGL, TPL, FFL and TPLP, which formed 32 per cent of total volumes.

Stocks that contributed positively to the index include PSX (+21 points), SYS (+18 points), TRG (+16 points), BAHL (+16 points) and CEPB (+8 points). Stocks that contributed negatively include PPL (-10 points), MCB (-9 points), KAPCO (-8 points), OGDC (-7 points) and COLG (-7 points).

KARACHI: The stock market ended down by 116 points on Monday owing to narrow range trading during the day. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 47,447 points as against last Friday’s closing of 47,563 points, showing a decline of 116 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range and is slowly adjusting downwards after positing some 900 points last week.

Today’s session saw index moving between -156 points and +152 points, closing the session -116 points. Technology, Steel, Refinery and Cement sectors were particularly under selling pressure.

Institutional investors have particularly been concerned over developing situation in Afghanistan that can have an implication on otherwise peaceful law and order situation in Pakistan, as well as increasing current account deficit that can result in declining rupee parity with USD. Among scrips, WTL led the table with 70.9 million shares, followed by TREET (63.5 million) and TPL (26.5 million).

Sectors contributing to the performance include Cement (-38 points), Technology (-23 points), Power (-15 points), Banks (-11 points) and E&P (-10 points).

Volumes declined from 505.9 million shares to 474.9 million shares (-6 per cent DoD). Average traded value also declined by 6 to reach US$ 90.3 million as against US$ 96.5 million.

Stocks that contributed significantly to the volumes include WTL, TREET, TPL, GGGL and UNITY, which formed 43 per cent of total volumes.

Stocks that contributed positively to the index include UNITY (+20 points), PSX (+20 points), MCB (+14 points), PAKT (+13 points) and HBL (+6 points). Stocks that contributed negatively include TRG (-17 points), LUCK (-17 points), BAHL (-16 points), NESTLE (-11 points) and CHCC (-11 points).

KARACHI: The stock market likely to pick pace next week as result season is about to commence, analysts said. They said that cyclical sectors can once again attract the limelight on the back of robust economic activity.

Moreover, oil prices have continued to remain downwards sticky with no outcome on the oil output increase, which could spur buying in E&P scrips.

That said, fears over the COVID fourth wave could keep the sentiment cautious.

The benchmark KSE-100 of Pakistan Stock Exchange (PSX) is currently trading at a PER of 6.8x (2021) compared to Asia Pac regional average of 16.2x while offering a dividend yield of ~6.9 per cent versus ~2.3 per cent offered by the region.

Equities continued to depict a range bound behavior for another week. This week saw Pakistan raising USD 1 billion through a “tap issue” from Eurobonds, at even better pricing than the issue in April earlier this year. That said, a spike in COVID cases (infection ratio has risen to 3.65 per cent compared to an average of 1.7 per cent in the last two weeks) has kept the confidence in the bourse in check.

Moreover, uncertainty over how the geopolitical scenario pans out with regards to the US exit from Afghanistan, and Pakistan’s crucial role in this, has also kept sentiment jittery. The index closed at 47,563 points, down by 0.3 per cent / 123 points WoW.

Sector-wise negative contributions came from i) Oil & Gas Exploration Companies (68 points), ii) Tobacco (57 points), iii) Refinery (49 points), iv) Textile Composite (41 points), and v) Food & Personal Care Products (36 points). Whereas, the sectors that contributed positive include i) Commercial Banks (127 points), ii) Fertilizer (50 points), iii) Technology & Communication (50 points), iv) Inv.Banks/Inv.Cos./Securities Cos. (10 points) and Chemical (6 points). Scrip-wise negative contributors were PAKT (58  points), UNITY (39  points), NRL (37  points), PPL (28  points) and ANL (21  points). Whereas, scrip-wise positive contribution came from HBL (88  points), TRG (43  points), MEBL (35  points), EFERT (31  points) and AGP (26  points).

Foreign selling continued this week clocking-in at USD 5.2 million compared to a net sell of USD 8.4 million last week. Selling was witnessed in Other sectors (USD 5.4 million) and Food sector (USD 1.1 million). On the domestic front, major buying was reported by companies (USD 4.1 million and Mutual funds (USD 3.9 million). Average volumes arrived at 486 million shares (down by 22 per cent WoW) while average value traded settled at USD 107 million (down by 1 per cent WoW).