Tag: KSE-100

KARACHI: The stocks fell by 181 points on Monday in rang bound trading as inflationary concerns are heating up among investors.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,115 points as against 47,296 points.

Analysts at Arif Habib Limited said that the market continued to remain range-bound today as inflationary concerns heated up among investors after the statement came from Adviser to the Prime Minister on Finance that IMF has asked Government to further hike levy on petroleum products.

Textile sector remained under pressure as Ministry of Energy (Petroleum Division) had already moved a summary to the federal cabinet for ending subsidized gas supply to the industrial sector including captive power plants immediately.

Activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks. On the flip-side, Institutional activity stayed lackluster. In the last trading hour, profit taking was witnessed across the board mainly led by technology sector.

Sectors contributing to the performance include Technology (-45 points), E&P (-28 points), Banks (-26 points), Pharma (-20 points) and Engineering (-19 points).

Volumes decreased from 469.9 million shares to 364.9 million shares (-22.3 per cent DoD). Average traded value also decreased by 19.8 per cent to reach US$ 75.0 million as against US$ 93.5 million.

Stocks that contributed significantly to the volumes include HUMNL, TELE, FNEL, GGL and WTL.

Weekly Review: market may stay positive on IMF deal

KARACHI: The stock market gained 77 points on Friday amid profit taking observed during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 47,296 points from previous day’s closing of 47,219 points.

Analysts at Topline Securities said that KSE-100 index opened on a positive note and gained to make an intraday high of 389 points, however profit taking was observed during the latter hours of the trade as index declined to close at 47,296 level up by 77 points).

Major contribution to the index came from UBL, HBL, MCB, OGDC and PIOC, as they cumulatively contributed 102 points to the index, whereas on the other hand FFC, TRG, SYS, POL and THAL lost value to weigh down on the index by 124 points.

Traded volume and value for the day stood at 469 million shares and Rs.15.95 billion respectively. WTL was today`s volume leader with 42 million shares.

Share market gains 187 points in range bound trading

KARACHI: The share market gained 187 points on Thursday in a range bound trading activity during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,219 points as against 47,032 points.

Analysts at Arif Habib Limited said that the market continued to remain range-bound today due to concerns over uptick in Richard bay coal price, food inflation and resumption of foreign selling spree.

Activity remained side-ways as market witnessed hefty volumes in the 3^rd tier stocks. Technology sector continued to remain in the limelight throughout the day as traders again placed bet on high-beta stocks to mark quick gains.

On the flip-side, Institutional activity stayed lackluster. In the last trading hour, buying was observed in the banking sector and index managed to close above 47000 levels.

Sectors contributing to the performance include Technology (+92 points), Fertilizer (+44 points), Refinery (+36 points), E&P (+26 points) and Textile (+21 points).

Volumes increased from 380.6 million shares to 561.9 million shares (+47.7 per cent DoD). Average traded value also increased by 3.0 per cent to reach US$ 94.2 million as against US$ 91.5 million.

Stocks that contributed significantly to the volumes include WTL, BYCO, TELE, FNEL and ANL.

Stocks end down 80 points in range bound trading

KARACHI: The stocks have ended down by 80 points on Wednesday in a range bound trading activity.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,032 points as against 47,113 points showing an decrease of 80 points.

Analysts at Arif Habib Limited said that the market remained range-bound today due to concerns over monetary tightening and resuming of foreign selling spree.

Technology sector remained in the limelight throughout the day as traders placed the bet on high-beta stocks to mark quick trading gains. On the flip-side, Institutional investors fetched for value hunting as buying was observed in E&P and banking stocks.

In the last trading hour, investors opted for profit booking specially in cement and steel stocks in expectation of interest rate hike by SBP in the upcoming monetary policy.

Sectors contributing to the performance include Technology (+193 points), Refinery (+22 points), Chemical (+19 points), Leather (+12) and Insurance (+7 points).

Volumes increased from 307 million shares to 381 million shares (+24.2 per cent DoD). Average traded value also increased by 12.7 per cent to reach US$ 91.5 million as against US$ 81.08 million.

Stocks that contributed significantly to the volumes include PTC, HASCOL, WTL, TRG and TPLP.

Stocks gain 138 points on narrowing trade deficit

KARACHI: The stock market gained 138 points on Tuesday owing to a contraction in trade deficit on a monthly basis.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 47,113 points from the previous day’s closing of 46975 points.

Analysts at Topline Securities said that bullish momentum continued at PSX as well in the backdrop of improved trade deficit numbers on monthly basis, significant decline in international coal prices and anticipation of agreement between IMF and Government of Pakistan in the prevailing week as announced by the finance minister.

Market opened on a positive note and made an intraday high at 47,315 level (up 340 points; +0.72 per cent) before closing at 47,113 level (up 138 points; +0.29 per cent).

Initially, the cement sector led the show to celebrate substantial reduction of over 35 per cent in global coal prices but witnessed profit taking in the later half of the day.

Technology and Banking sector stocks also provided support by adding 156 points cumulatively.

During the day, total volume and value stood at 306 million shares and Rs8.37 billion, respectively. BYCO was the volume leader with 19.2 million shares traded in it, today.

Stocks gain 790 points as positive sentiments prevail

KARACHI: Pakistan’s stocks gained 790 points on Monday owing to successful negotiations between the government and the banned outfit.

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) ended at 46,975 points from last Friday’s closing of 46,185 points.

Analysts at Topline Securities said that Pakistani equities started the week on a positive note and closed the day at 46,946.21.

Sentiments turned positive as the government announced on Sunday that it had reached an agreement with Tehreek-e-Labbaik Pakistan (TLP) to end a 10-day standoff with the latter.

Sentiments were further buoyed after Prime Minister Imran Khan rejected the Oil and Gas Regulatory Authority (OGRA) and Finance Ministry’s proposals to increase the prices of petroleum products.

Slight profit-taking was witnessed near the close of the session after the monthly CPI clocked in at 9.2 per cent YoY for the month of October 2021, which was above market expectations.

The total volume and value traded in the KSE All Share Index clocked in at 430.01 million shares and Rs14.78 billion respectively.

The volume leader for today was WTL with 53.86mn shares traded during the session.

Pakistan Stock Exchange reverts to old trading system

KARACHI: The stock market ended with a gain of 273 points on Friday amid range-bound trading. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) ended at 46,219 points as against the previous day’s closing of 45,946 points.

Analysts at Topline Securities said that the range-bound session was observed on the last trading session of the week as the index traded within a range of an intraday high of 273 points and intraday low of 265 points to close at 46,219 level and up by 0.6 per cent.

Major contributions to the index came from LUCK, HBL, MLCF, CHCC and NML, as they cumulatively contributed 199 points to the index. On the other hand TRG, HUBC, MEBL, UBL and COLG lost value to weigh down on the index by 195 points.

Traded volume and value for the day stood at 243 million shares and Rs9.67 billion respectively.

HUMNL was today`s volume leader with 28 million shares.

KSE-100 index gains 199 points amid thin volumes

The Pakistan Stock Exchange (PSX) experienced a positive uptick on Thursday as the benchmark KSE-100 index gained 199 points, closing at 45,991 points from the previous day’s closing at 45,792 points.

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KARACHI: The stock market gained 623 points on Wednesday as new trading system suspended for more than two hours. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) ended 45,851 points from previous day’s closing of 45,228 points.

Analysts at Topline Securities said that the KSE-100 index rose 1.38 per cent to settle the day at 45,851 points.

The rally is attributed to improvement in sentiments owing to reports suggesting that Saudi Arabia would deposit $3 billion cash in the State Bank of Pakistan (SBP) and also provide $1.2 billion worth of oil on deferred payments which will further pave way for the resumption of the IMF program.

However, the new trading system kept activity restricted and trading was also suspended at noon for 2 hours and 30 minutes in order to resolve technical issues.

Volumes remained thin with 88 million shares traded in the KSE-100 index while the KSE All Share index saw a total traded volume of 163 million shares.

The volume leader for today was WTL with 11.84 million shares traded during the shortened session.

KSE-100 index sheds 163 points in range bound trading

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) on Tuesday declined by 163 points amid range bound trading activity during the day.

The KSE-100 index ended at 45,419 points as compared with previous day’s closing of 45,256 points.

Analysts at Topline Securities said that another lack lustered day at PSX where bourse witnessed a range bound activity.

The benchmark index cycled in 270 points during trading hours as KSE-100 index made an intraday high and low of 45,517 and 45,214, respectively before closing at 45,256.

Investors’ sentiment remained low today in absence of any positive trigger as no progress on IMF program front, Chief of intelligence agency notification is yet to get issued and no updates on Saudi oil deferral payment facility.

During the day, Technology, E&P and Banking sector’ stocks seen some profit taking where TRG, MARI, HBL, UBL, PPL & OGDC cumulatively lost 182 points while, SYS, MEBL & HUBC provided some support by contributing 86 points positively.

On the corporate announcement fronts, MARI posted 1QFY22 EPS at Rs68.21. Earnings were inline with industry expectations. ISL earned the EPS of Rs6.13 1QFY22. Earnings were higher than industry expectations.

During the day, all shares volumes and values stood at 162.97 million shares and Rs5.7 billion, respectively. HUMNL led the volumes chart today as 24.88 million shares traded today in it.

Stocks end down on inflation concerns, high oil prices