Tag: KSE-100

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).

KARACHI: The stock market fell by 490 points on Friday owing to selling pressure seen during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 47,563 points as against previous day’s closing of 48,053 points, showing a decline of 490 points.

Analysts at Topline Securities said that KSE-100 index returned to its course as after positive session yesterday, index remained under pressure during the day to close at 47,563 level.

Major pressure to the index came from TRG, LUCK, KAPCO, HUBC and PAKT, as they cumulatively weighed down on the index by 214 points.

Traded volume and value for the day stood at 506 million shares and Rs.15.37 billion. TPL was today`s volume leader with 42 million shares.

KARACHI: The stock market gained 805 points on Thursday owing to conversion of fixed income funds to equities from institutional investors played vital role.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 48,053 points as against previous day’s closing of 47,247 points, showing an increase of 805 points.

Analysts at Arif Habib Limited said that the market surged by 800 points during the session today and closed at a high note of 805 points.

Conversion of fixed income funds to Equities from institutional investors played a vital role in today’s index uptick. Brisk buying was observed in main board scrips, including HBL, UBL, PSO, SNGP, OGDC, ENGRO, HUBC, however, other sectors and scrips took cue as well, resulting in across the board buying activity. Among scrips, TPL led the table with 29.9 million shares, followed by WTL (28.2 million) and TRG (27.2 million).

Sectors contributing to the performance include Technology (+163 points), Cement (+144 points), Banks (+107 points), Fertilizer (+87 points) and Power (+51 points).

Volumes increased from 412.2 million shares to 475.2 million (+15 per cent DoD). Average traded value increased substantially from US$ 93.9 million as against US$ 133.8 million.

Stocks that contributed significantly to the volumes include TPL, WTL, TRG, TREET and BYCO, which formed 27 per cent of total volumes.

Stocks that contributed positively to the index include TRG (+121 points), LUCK (+79 points), HUBC (+40 points), SYS (+35 points) and ENGRO (+31 points). Stocks that contributed negatively include AGP (-7 points), KOHC (-5 points), ABOT (-3 points), ANL (-2 points) and ABL (-2 points).

KARACHI: The stock market ended down by 98 points on Wednesday as selling pressure continued during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,248 points as against previous day’s closing of 47,346 points, showing a decline of 98 points.

Analysts at Arif Habib Limited said that the market faced continuity of selling pressure from institutional investors that saw a decline of 311 points and closed the session -98 points.

Cement, E&P, Banks, O&GMCs and Refinery sectors bore selling pressure, whereas Technology and Steel sectors contributed positively to the Index.

Among scrips, FFL topped the volumes with 40.9 million shares, followed by WTL (30.1 million) and TPL (20.1 million).

Sectors contributing to the performance include E&P (-52 points), Tobacco (-29 points), Cement (-20 points), Textile (-11 points), Technology (+25 points) and Pharma (+12 points).

Volumes declined from 541.3 million shares to 412.2 million shares (-24 per cent DoD). Average traded value also declined by 15 per cent to reach US$ 94.2 million as against US$ 110.8 million.

Stocks that contributed significantly to the volumes include FFL, WTL, TPL, UNITY and HASCOL, which formed 30 per cent of total volumes.

Stocks that contributed positively to the index include TRG (+26 points), HBL (+25 points), AGP (+14 points), CHCC (+7 points) and PIBTL (+6 points). Stocks that contributed negatively include PAKT (-29 points), POL (-19 points), KOHC (-14 points), PPL (-12 points) and BAHL (-12 points).

KARACHI: The stock market ended down by 83 points on Tuesday in a range bound trading activity during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,346 points as against previous day’s closing of 47,429 points, showing a decline of 83 points.

Analysts at Arif Habib Limited said that the market traded range bound today, oscillating between -187 points and +236 points, closing the session with decline of 83 points.

The index went up earlier in the session that saw across the board buying activity, however, selling pressure took over later on that drove stock prices down, particularly in Power, Technology, Steel and Refinery sectors.

Banking sector remained muted with limited price uptick in HBL, whereas E&P sector saw continued selling pressure in OGDC and PPL to close below respective LDCPs.

Cement sector performed well today on the back of an increase in cement price / bag in South region. Among scrips, HASCOL led the table with 49.8 million shares, followed by WTL (48.8 million) and BYCO (29.9 million).

Sectors contributing to the performance include Power (-54 points), Technology (-35 points), Refinery (-32 points), Textile (-25 points), Vanaspati (-17 points), Banks (+49 points) and Fertilizer (+28 points).

Volumes increased from 494.5 million shares to 541.3 million shares (+9 per cent DoD). Average traded value also increased by14 per cent to reach US$ 111.2 million as against US$ 97 million.

Stocks that contributed significantly to the volumes include HASCOL, WTL, BYCO, PIAA and GGL, which formed 32 per cent of total volumes.

Stocks that contributed positively to the index include HBL (+50 points), AGP (+20 points), KOHC (+17 points), ENGRO (+17 points) and PSO (+15 points). Stocks that contributed negatively include HUBC (-48 points), TRG (-30 points), NRL (-21 points), UNITY (-17 points) and SNGP (-14 points).

KARACHI: The stock market fell by 257 points on Monday in lackluster trading activities duty the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,429 points as against last Friday’s closing of 47,686 points, showing a decline of 257 points.

Analysts at Arif Habib Limited said that post closure of financial year end, the market begin receding, resulting in a loss of 311 points during the session and closed -257 points.

Lack of obvious near term trigger caused the lackluster activity in the market whereby investors are concerned about beginning of earnings season, due to start end August.

Selling pressure was evident across the board, with focus on Cement, Steel, Technology, Refinery and E&P sectors. OGDC became exception to the selling, and saw active trading with range bound price uptick. SNGP posted its results with a dividend payout that attracted investors to build position and realized price gain. Among scrips, WTL led the table with 55.5 million shares, followed by HASCOL (39.6 million) and KEL (29.4 million).

Sectors contributing to the performance include Cement (-76 points), Technology (-23 points), E&P (-23 points), Tobacoo (-21 points), Fertilizer (-16 points) and Power (+25 points).

Volumes declined from 563.8 million shares to 494.5 million shares (-12 per cent DoD). Average traded value also declined by 6 per cent to reach US$ 97.2 million as against US$ 103.2 million.

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

Stocks that contributed positively to the index include HUBC (+27 points), SNGP (+12 points), EFERT (+11 points), SCBPL (+10 points) and BAFL (+9 points). Stocks that contributed negatively include LUCK (-39 points), PAKT (-21 points), ENGRO (-17 points), HBL (-17 points) and PPL (-15 points).

KARACHI: The stock market likely to perform well on expectations of growth in various accounts, including commencement of tight monetary stance.

Analysts at Arif Habib Limited said that the market to perform well in 2021/2022 on account i) robust earnings growth forecast of cement, steel and allied sectors amid strong cyclical demand driven by historic high PSDP allocation and focus on Naya Pakistan Housing scheme, ii) expectation of an Auto and Refinery policy, iii) downwards sticky oil prices supporting the E&P sector, and iv) commencement of monetary tightening which should once again garner interest in commercial banks.

The benchmark KSE-100 of Pakistan Stock Exchange (PSX) is currently trading at a PER of 6.9x (2021) compared to Asia Pac regional average of 16.5x while offering a dividend yield of ~6.9 per cent versus ~2.3 per cent offered by the region.

The market remained range bound this week with volatile trading on account of June-end closing and adjustment of portfolios. Moreover, as the debate on the Federal Budget moved towards final stages in the Parliament, some stiffness was witnessed in the political climate.

Albeit, the Budget was passed with a majority vote. The market also gained momentum on the first day of the new fiscal year, erasing previous losses. The index closed at 47,686 points, up by 0.2 per cent / 83 points WoW.

Sector-wise positive contributions came from i) Technology (105 points), ii) Pharma (68 points), iii) Food and Personal care (51 points), iv) Tobacco (22 points), and v) Insurance (14 points). Whereas, the sectors that contributed negatively include Commercial Banks (46 points), Power Generation & Distribution (44 points), Oil & Gas Exploration Companies (39 points), Oil & Gas Marketing (36 points) and Refinery (18 points). Scrip-wise positive contributors were TRG (88  points), AGP (54  points), LUCK (41  points), UNITY (37  points) and MEBL (25  points). Scrip-wise negative contributors were HBL (67  points), HUBC (65  points), UBL (38  points), OGDC (35  points) and HASCOL (34  points).

Foreign selling continued this week clocking-in at USD 8.4 million compared to a net sell of USD 7.9 million last week. Selling was witnessed in Commercial Banks (USD 3.2 million) and Other sectors (USD 1.4 million). On the domestic front, major buying was reported by Individuals (USD 13.6 million and Companies (USD 13.4 million). Average volumes arrived at 622 million shares (down by 10 per cent WoW) while average value traded settled at USD 107 million (down by 4 per cent WoW).

KARACHI: The stock market gained 445 points on Thursday as buying activities were observed on the first day of the fiscal year 2021/2022.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,801 points as against previous day’s closing of 47,356 points, showing an increase of 445 points.

Analysts at Arif Habib Limited said that the market performed well on the first day of FY22, adding a total of 487 points on the board and maintained the momentum by session’s end, closing +445 points.

Profit booking by institutions in the past couple of sessions in the wake of closing FY21 with decent returns, left the institutions with deployable funds that will likely route back to equities in the coming days.

Buying activity was observed across the board with Technology, Cement and Banking stocks contributing the most. Positive news trigger on economic front, including textile sector posting healthy export growth kept the momentum alive.

Among scrips, WTL topped the volumes with 198.7 million shares, followed by SILK (51.4 million) and TPL (48.2 million).

Sectors contributing to the performance include Cement (+102 points), E&P (+67 points), Textile (+41 points), Chemical (+34 points) and Fertilizer (+29 points).

Volumes increased from 549.6 million shares to 760.01 million shares (+38 per cent DoD). Average traded value also increased by 2 per cent to reach US$ 103 million as against US$ 101 million.

Stocks that contributed significantly to the volumes include WTL, SILK, TPL, HUMNL and PACE, which formed 48 per cent of total volumes.

Stocks that contributed positively to the index include LUCK (+65 points), PPL (+30 points), COLG (+22 points), NML (+21 points) and HBL (+19 points). Stocks that contributed negatively include MCB (-12 points), BAFL (-11 points), TRG (-7 points), ABL (-6 points) and PKGS (-5 points).

The Pakistan Stock Exchange (PSX), country’s share market, concluded the fiscal year on a positive note as the benchmark KSE-100 index surged by 218 points amidst brisk trading on Wednesday.

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