Tag: KSE-100

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 295 points on Tuesday on expectations of supportive measures to be announced in upcoming budget 2021/2022.

The 1ndex closed at 48,191 points as against previous day’s closing of 47,896 points, showing an increase 295 points.

Analysts at Arif Habib Limited said that the market remained upbeat today in anticipation of budgetary measures, which was further supported by an uptick in international crude prices courtesy of Brent that crossed US$ 70/bbl.

The index added a total of 341 points during the session.

O&GMCs and Power sector took turns on the back of release of payments due from the government on account of circular debt, however, no news came to fruition.

E&P sector contributed to the upside in Index on the back of positivity in crude oil prices, whereas Fertilizer sector added points to the table on budget incentives. Among scrips, WTL topped the volumes with 353.9 million shares, followed by BYCO (94.1 million) and SILK (86.1 million).

Sectors contributing to the performance include E&P (+83 points), Fertilizer (+57 points), Power (+25 points), Pharma (+23 points) and Textile (+17 points).

Volumes declined from 1,412 million shares to 1,392 million shares (-2 percent DoD). Average traded value also declined by 5 percent to reach US$ 207.4 million to US$ 197.29 million.

Stocks that contributed significantly to the volumes include WTL , BYCO, SILK, PTC and PIBTL, which formed 46 percent of total volumes.

Stocks that contributed positively to the index include ENGRO (+41 points), PPL (+39 points), LUCK (+22 points), HUBC (+22 points) and OGDC (+21 points). Stocks that contributed negatively include MEBL (-13 points), SNGP (-10 points), PSO (-10 points), FCCL (-8 points) and TRG (-8 points).

KARACHI: The stock market gained 770 points on Monday on strong economic indicators including remittances and tax collection.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,896 points as against last Friday’s closing of 47,126 points, showing an increase of 770 points.

Analysts at Arif Habib Limtied said that the market crossed the resistance level of 47,300 points comfortably by adding a total of 853 points during the session and maintained the bullish trend to end the session with an increase of 770 points.

Factors contributing to the bullish sentiment at the bourse include strong economic numbers from remittances to tax collection and real GDP growth that is anticipated to go north of 4.5 percent.

Investors have also been expecting positive measures in the upcoming budget, due to be announced June 11th that is likely to keep the sentiment in an upbeat mood.

Cement sector performed well today on the back of increase in cement price / bag in north region. Among scrips, WTL led the table with 480 million shares, followed by BYCO (94.2 million) and SILK (71.5 million).

Sectors contributing to the performance include Banks (+98 points), E&P (+96 points), O&GMCs (+53 points), Fertilizer (+39 points) and Autos (+22 points).

Volumes increased from 959.9 million shares to 1412.3 million shares (+47 percent DoD). Average traded value also increased by 39 percent to reach US$ 207.6 million as against US$ 148 million.

Stocks that contributed significantly to the volumes include WTL , BYCO, SILK, HUMNL and GGL, which formed 53 percent of total volumes.

Stocks that contributed positively to the index include DGKC (+45 points), LUCK (+45 points), PSO (+41 points), HBL (+32 points) and OGDC (+31 points). Stocks that contributed negatively include FFC (-9 points), NBP (-5 points), KEL (-4 points), SHFA (-2 points) and GLAXO (-2 points).

KARACHI: The stock market likely to trade bullish during the next week on expectations of relief in the upcoming budget 2021/2022 such as reduction in duties on imported raw material etc.

Analysts at Arif Habib Limited hoped that the market to remain bullish in the upcoming week amid expectation of relief in the upcoming budget, reduction in duties on imported raw material for construction sector and export oriented sector to spur growth which might keep these sectors in limelight.

On the other hand, E&Ps scrips are expected to continue performing well due to higher international oil prices and government shelving divestment plan of E&Ps scrips.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 7.0x (2021) compared to Asia Pac regional average of 16.3x while offering a dividend yield of ~6.9 percent versus ~2.6 percent offered by the region.

The outgoing week trading commenced on a positive note with the index increasing by 182 points on Monday. The uptrend was driven by NAC’s provisional data on GDP growth which is projected at 3.94 percent in FY21. Optimism at the bourse was further fueled by

i) Current account posting a surplus of USD 773 million in 10MFY21,

ii) Government cancelling its divestment plan for PPL and OGDC as well as higher oil prices WoW resulting in heavy buying in these scrips,

iii) MSCI rebalancing on Thursday resulting in foreign buying, and

iv) Pakistan developing a local COVID-19 vaccine.

Likewise, technology sector gained traction amid re-rating of sector multiple along with expectation of relief in the upcoming budget resulted in massive activity in the sector.

With that said, PSX posted a hat-trick this week (record volumes on three consecutive days). The KSE-100 index closed at 47,126 points, up by 1,211 points or 2.64 percent WoW.    

Sector-wise positive contributions came from i) Commercial Bank (456  points) ii) Oil & Gas Exploration Companies (163  points), iii) Cements (131  points), iv) Technology & Communication (120  points) and v) Fertilizer (89  points). Meanwhile, the sectors that contributed negatively include Tobacco (26  points) and Chemical (17  points). Scrip-wise positive contributors were HBL (174  points), BAHL (103  points), PPL (101  points), SYS (92  points), and OGDC (82  points).

Foreign buying was witnessed this week arriving at USD 2.1 million against a net sell of USD 49.3 million last week. Buying was witnessed in Cement (USD 23.9 million) and Technology and Communication (USD 9.2 million). On the domestic front, major selling was reported by Individuals (USD 10.2 million) and Mutual Funds (USD 7.4 million). Average volumes arrived at 1,238 million shares (up by 103 percent WoW) while average value traded settled at USD 178 million (up by 30 percent WoW).

KARACHI: The stock market gained 336 points on Friday owing to investor sentiments after improved GDP growth forecast. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 47,126 points as against previous day’s closing of 46,791 points, showing an increase of 336 points.

Market showed consistent performance today with a further increase of 456 points and closing the session +356 points. E&P, O&GMCs, Banks and Fertilizer sector stocks well today even after major sell-off of E&P sector stocks yesterday in MSCI rebalancing. Cement and Steel sector stocks didn’t contribute much to the index today.

Macro news flow on Pakistan’s green bond as well as improved real GDP estimates helped lifting investor sentiment, which was further supplemented by inching up of international crude oil prices.

Among scrips, WTL realized trading volumes of 380.4 million shares, followed by SILK (56.3 million) and BYCO (38.7 million).

Sectors contributing to the performance include Banks (+98 points), E&P (+96 points), O&GMCs (+53 points), Fertilizer (+39 points) and Autos (+22 points).

Volumes declined from 2,220 million shares to 959.9 million shares (-57 percent DoD). Average traded value also declined by 47 percent to reach US$ 148.0 million as against US$ 277.4 million.

Stocks that contributed significantly to the volumes include WTL, SILK, BBYCO, HUMNL and NRSL, which formed 56 percent of total volumes.

Stocks that contributed positively to the index include BAHL (+47 points), SYS (+46 points), PPL (+46 points), HBL (+39 points) and OGDC (+35 points). Stocks that contributed negatively include TRG (-48 points), AICL (-11 points), DGKC (-8 points), COLG (-7 points) and SEARL (-5 points).

KARACHI: The benchmark index KSE-100 index of Pakistan Stock Exchange (PSX) fell by 22 points on Thursday as the market recorded all time high volumes of 2.22 billion shares in a single day.

The Index closed at 46,791 points as against 46,812 points showing a decline of 22 points.

Analysts at Arif Habib Limited said that MSCI rebalancing created excitement today in the market with heavy flows in OGDC, LUCK and TRG which were the key subjects in the changes announced earlier during the month.

Besides, WTL repeated the performance shown yesterday being the volume leader consecutively and helping the market realize total trading volumes of 2217 million shares, the highest ever after posting 1560 million shares yesterday.

Since MSCI orders were mostly MoC, last half an hour caused the index to trade red with a decline of 137 points.

Banking sector kept the index green for most part of the session, with particular interest in HBL and UBL. Among scrips, WTL topped the volumes with 950.1 million shares, followed by HUMNL (172.4 million) and SILK (126.3 million).

Sectors contributing to the performance include Technology (+46p points), Inv Banks (+23 points), Fertilizer (-29 points), Tobacco (-21 points), Autos (-19 points), E&P (-14 points) and Engineering (-13 points).

Volumes increased from 2,220 million shares as against 1,563 million shares (+42 percent DoD). Average traded value also increased by 51 percent to reach US$ 276.7 million as against US$ 183 million.

Stocks that contributed significantly to the volumes include WTL, HUMNL, SILK, BYCO and KEL, which formed 65 percent of total volumes.

Stocks that contributed positively to the index include TRG (+46 points), LUCK (+30 points), HBL (+23 points), DAWH (+17 points) and KTML (+8 points). Stocks that contributed negatively include PAKT (-21 points), FFC (-18 points), MTL (-16 points), MCB (-14 points) and BAFL (-12 points).

KARACHI: The stock market gained 512 points on Wednesday amid the highest ever volumes, analysts said. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 46,812 points as against previous day’s closing of 46,300 points, showing an increase of 512 points.

The analysts at Arif Habib Limited said that historic day at PSX that saw highest ever trading volumes of 1.560 billion shares, courtesy of WTL which realized trading volume of 706.5 million shares.

Though E&P and Banking sector stocks helped the index maintain the momentum, the real head turners were the Technology and Telecommunication sectors where listed scrips of IT and Media made the sentiment.

WTL, HUMNL, MDTL, PTC, TELE, AVN and UNITY remained in the limelight today. Among scrips, WTL led the table with 706.5 million shares, followed by HUMNL (112.3 million) and UNITY (45.1 million).

Sectors contributing to the performance include Banks (+147 points), Technology (+99 points), E&P (+73 points), Textile (+46 points) and Power (+28 points).

Volumes increased from 677.3 million shares to 1,563 million shares (+131 percent DoD). Average traded value also increased by 21 percent to reach US$ 183.1 million as against US$ 151.8 million.

Stocks that contributed significantly to the volumes include WTL, HUMNL, UNITY, BYCO and PIAA, which formed 60 percent of total volumes.

Stocks that contributed positively to the index include TRG (+72 points), OGDC (+45 points), PPL (+30 points), MCB (+29 points) and BAFL (+28 points). Stocks that contributed negatively include FFC (-22 points), FCCL (-9 points), MLCF (-8 points), EPCL (-5 points) and PAKT (-4 points).

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) on Tuesday increased by 204 points in mixed trading activities during the day.

The Index closed at 46,301 points as against previous day’s closing of 46,097 points, showing an increase of 204 points.

Analysts at Arif Habib Limited said that the market remained positive today adding a total of 272 points during the session and closed +204 points.

O&GMCs bore selling pressure on the news of cancellation of operating licenses and probe by government, whereas E&P sector responded positively to the increase in international crude oil prices.

Cement sector also performed in the expectation of an increase in cement price / bag. Technology sector stocks led the index today with across the board strong price performance, particularly from NETSOL, WTL and SYS. Among scrips, WTL led the table with 149.5 million shares, followed by UNITY (66.8 million) and TELE (37.6 million).

Sectors contributing to the performance include Banks (+154 points), Cement (+39 points), Vanaspati (+32 points), Fertilizer (+17 points) and Textile (+17 points).

Volumes declined from 766.6 million shares to 677.4 million shares (-12 percent DoD). Average traded value however, increased by 18 percent to reach US$ 152.3 million as against US$ 129.7 million.

Stocks that contributed significantly to the volumes include WTL, UNITY, TELE, HUMNL and BYCO, which formed 46 percent of total volumes.

Stocks that contributed positively to the index include HBL (+68 points), UBL (+31 points), UNITY (+31 points), DGKC (+21 points) and EFERT (+16 points). Stocks that contributed negatively include COLG (-27 points), HUBC (-19 points), MARI (-15 points), TRG (-10 points) and PSO (-8 points).

KARACHI: The stock exchange gained 182 points on Monday on official GDP growth projection and Moody’s assessment.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 46,097 points as against last Friday’s closing of 45,915 points, showing an increase of 182 points.

Analysts at Arif Habib Limited said that the market posted decent gains earlier in the session by adding a total of 400 points, taking cue from Moody’s assessment of Pakistan’s credit reporting which was supported by a surprise growth in real GDP.

Although the roll-over week began today, unlike past months activity remained low in tech stocks and in the end TRG closed below LDCP.

E&P stocks remained poised on increase in crude oil prices, whereby OGDC scored high volume with an increase in stock price but failed to retain the gains by the end of session.

Cement sector bounced back on the prospects of an impending increase in cement price / bag. Among scrips, WTL topped the volumes with 275.8 million shares, followed by SILK (36.6 million) and SMBL (36.5 million).

Sectors contributing to the performance include Cement (+87 points), Banks (+42 points), Autos (+35 points), Fertilizer (+26 points) and Chemical (+22 points).

Volumes increased from 710.4m shares to 766.6 million shares (+8 percent DoD). Average traded value increased by a nominal 1 percent to reach US$ 129.7 million as against US$ 127.8 million.

Stocks that contributed significantly to the volumes include WTL, SILK, SMBL, HASCOL and FFL, which formed 51 percent of total volumes.

Stocks that contributed positively to the index include SYS (+24 points), MTL (+23 points), PPL (+21 points), MLCF (+21 points) and COLG (+20 points). Stocks that contributed negatively include TRG (-43 points), HUBC (-12 points), PSO (-12 points), MARI (-8 points) and SEARL (-7 points).

KARACHI: The stock market likely to remain positive during next week on expectation of no change in policy rate in the monetary policy statement schedule to be announced on May 28, 2021.

Analysts at Arif Habib Limited said that the market likely to remain positive in the upcoming week.

With the monetary policy scheduled to be unveiled next week (28th May’21), we foresee the SBP to maintain status-quo on its benchmark policy rate. We believe market performance will be dictated by budgetary expectations while key risk for the medium term remains spike in COVID-19 cases, the analysts said.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 6.8x (2021) compared to Asia Pac regional average of 15.8x while offering a dividend yield of ~7.2 percent versus ~2.6 percent offered by the region.

After long Eid Holidays, the market commenced on a positive note given ease in lockdown restriction following drop in COVID-19 cases.

Moreover, optimistic sentiment also stemmed from the MSCI Semi Annual Review, where Pakistan’s weight witnessed an increase (0.023 percent from 0.016 percent earlier), in lieu of the LUCK and TRG’s addition to the EM Standard Index and Small Index, respectively.

Meanwhile, favorable budgetary measures for the capital market under the FY22 budget kept the momentum green. Whereas, oil prices (Arab Light) during the week dropped by 4 percent WoW, settling at USD 64.72/bbl. The market settled at 45,915 points, gaining by 740 points (up by 1.6 percent) WoW.

Sector-wise positive contributions came from i) Cements (139  points) ii) Oil & Gas Marketing Companies (102  points), iii) Fertilizers (90  points), iv) Food & Personal Care Products (89  points) and v) Technology & Communication (64  points). Meanwhile, the sectors that contributed negatively include Commercial Bank (32  points) and Power Generation & Distribution (18  points). Scrip-wise positive contributors were TRG (93  points), UNITY (68  points), LUCK (62  points), MARI (57  points) and ENGRO (46  points).

Foreign selling continued this week clocking-in at USD 49.4 million compared to a net buy of USD 1.0 million last week. Selling was witnessed in All other sector (USD 43.4 million) and E&P (USD 7.8 million). On the domestic front, major buying was reported by Individuals (USD 37.2 million and Companies (USD 18.1 million). Average volumes arrived at 609 million shares (up by 153 percent WoW) while average value traded settled at USD 137 million (up by 84 percent WoW).  

KARACHI: The stock market gained 341 points on Friday as investors hoped tax incentives in the upcoming budget. The benchmark KSE-100 index closed at 45,915 points as against previous day’s closing of 45,574 points, showing an increase of +341 points.

Analysts at Arif Habib Limited said that resolution of dispute between the members of ruling party as well as anticipation of tax incentives for the industries in the upcoming budget helped KSE100 index put up a formidable addition of 374 points during the session and ended the session +341 points.

Deferral of OGDC and PPL for consideration of privatization resulted in a rebound in stock prices of both stocks.

Banks, Cement and Steel sectors also contributed positively to the Index. The incentives  proposal for the refinery sector gave way to NRL, ATRL and PRL to post gains. Among volumes leaders, WTL led the table with 99.2 million shares, followed by BYCO (67.5 million) and HASCOL (48.3 million).

Sectors contributing to the performance include Banks (+116 points), E& (+68 points), Cement (+31 points), O&GMCs (+29 points) and Autos (+29 points).

Volumes declined slightly from 784 million shares to 710.4 million shares (-10 percent DoD). Average traded value also declined by 6 percent to reach US$ 128.2 million as against US$ 135.7 million.

Stocks that contributed significantly to the volumes include WTL, BYCO, HASCOL, KEL and SMBL, which formed 41 percent of total volumes.

Stocks that contributed positively to the index include HBL (+32 points), PPL (+31 points), OGDC (+28 points), UBL (+25 points) and PSO (+20 points). Stocks that contributed negatively include HASCOL (-8 points), PIBTL (-6 points), COLG (-4 points), TRG (-4 points) and PSX (-4 points).