Tag: KSE-100

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).

KARACHI: The equity market ended down by 108 points on Thursday as the trading activity remained range bound owing to political uncertainty.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,574 points as against previous day’s closing of 45,682 points, showing a decline of 108 points.

Analysts at Arif Habib Limited said that the market traded range bound oscillating between +149 points and -163 points, ending the session -108 points.

Political uncertainty continued playing with sentiments today besides selling in E&P stocks due to concern over crude oil price in international market and liquidity crunch affecting operational performance of underlying companies.

Banking stocks followed suit with negative price performance. Besides, Technology stocks saw selling pressure in TRG that put additional pressure on the Index.

BYCO, which saw significant share transfers in NDMs yesterday, realized healthy volumes with price uptick in the regular market, topping the volume leaders.

HASCOL realized an upper circuit closing for the second consecutive day. Among scrips, BYCO led the table followed by WTL (77.7 million) and HASCOL (59.5 million).

Sectors contributing to the performance include Banks (-102 points), E&P (-48 points), Technology (-25 points), Cement (-13 points) and Engineering (-7 points).

Volumes increased from 578.3 million shares to 784.0 million shares (+36 percent DoD). Average traded value on the other hand remained at US$ 135.7 million as against US$ 135.5 million the other day.

Stocks that contributed significantly to the volumes include BYCO, WTL, HASCOL, KEL and PIBTL, which formed 45 percent of total volumes.

Stocks that contributed positively to the index include PIBTL (+15 points), HASCOL (+14 points), SEARL (+13 points), COLG (+13 points) and DAWH (+9 points). Stocks that contributed negatively include HBL (-49 points), OGDC (-24 points), HMB (-21 points), MCB (-17 points) and SYS (-17 points).

KARACHI: The benchmark KSE-100 index ended down by 300 points on Wednesday on reports of rift in ruling party, analysts said. The index closed at 45,682 points as against previous day’s closing of 45,982 points, showing a decline of 300 points.

The analysts at Arif Habib Limited said that the market turned negative today which was a reflection of political uncertainty created by the rifts between the senior members of the ruling party.

The index bore regression of 369 points during the session and realized a pull back, ending the session -300 points.

Cement, O&GMCs, Banks, Refinery, Steel sector stocks saw selling pressure.

However, the sentiment turned particularly negative due to persistent selling in Technology stocks. Among scrips, KEL led the table with 65.4 million shares, followed by UNITY (56.9 million) and HASCOL (44.1 million).

Sectors contributing to the performance include Technology (-83 points), Cement (-72 points), Banks (-53 points), Textile (-29 points) and O&GMCs (-24 points).

Volumes increased from 536.8 million shares to 578.3 million shares (+8 percent DoD). Average traded value also declined from US$ 150.8 million to US$ 135.7 million.

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

Stocks that contributed positively to the index include MARI (+16 points), HASCOL (+14 points), KEL (+14 points), OGDC (+13 points) and ENGRO (+10 points). Stocks that contributed negatively include TRG (-70 points), LUCK (-24 points), HBL (-23 points), PSO (-22 points) and HUBC (-22 points).

KARACHI: The stock market gained 186 points on Tuesday in a range bound trading activity during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,982 points as against previous day’s closing of 45,796 points, showing an increase of 186 points.

Analysts at Arif Habib Limited said that the market traded in a range during the session that saw an oscillation of -178 points and +238 points.

The decline observed earlier, on the back of profit booking in Technology stocks which triggered selling pressure in Banks, E&P and O&GMCs.

A rebound in buying activity brought back interest in PSO which helped pull stock price up by a good margin from LDCP.

Activity remained skewed towards GGL, UNITY, TRG and TELE which have made a robust rally in the past couple of months. Among scrips, WTL topped the volumes with 49.5 million shares, followed by TELE (49.1 million) and GGL (47.2 million).

Sectors contributing to the performance include E&P (+80 points), O&GMCs (+74 points), Vanaspati (+37 points), Technology (+30 points) and Fertilizer (+18 points).

Volumes increased from 437.4 million shares to 536.5 million shares (+23 percent DoD). Average traded value also increased by 14 percent to reach US$ 151 million as against US$ 151 million.

Stocks that contributed significantly to the volumes include WTL, TELE, GGL, UNITY and TRG, which formed 38 percent of total volumes.

Stocks that contributed positively to the index include PSO (+50 points), TRG (+43 points), UNITY (+37 points), MARI (+31 points) and PPL (+21 points). Stocks that contributed negatively include BAHL (-26 points), LUCK (-15 points), MCB (-14 points), SYS (-13 points) and ANL (-12 points).

KARACHI: The equity market gained 622 points on Monday in mixed trading session during the day. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 45,796 points as against previous closing of 45,175 points showing an increase of 622 points.

Analysts at Arif Habib Limited said that first trading session after a long Eid vacation, the Market opened +347 points, courtesy LUCK & TRG.

MSCI EM review during the off period saw inclusion of LUCK and TRG and deletion of INDU, PKGS, OGDC and NBP that resulted in negative price performance in OGDC and likewise positive price performance in LUCK.

The momentum kept the interest alive and the index kept posting gains with a total addition of 632 points.

In addition, Tech stocks continued the uptrend with prominent performance by TRG, NETSOL and AVN. Among scrips, WTL topped the volumes with 72.9 million shares, followed by KEL (38.3 million) and GGL (35.9 million).

Sectors contributing to the performance include Cement (+200 points), Technology (+140 points), Fertilizer (+55 points), Textile (+35 points) and Vanaspati (+34 points).

Volumes increased from 245.6 million shares to 437.4 million shares (+78 percent DoD). Average traded value also increased by 115 percent DoD to reach US$ 133.5 million as against US$ 62.2 million.

Stocks that contributed significantly to the volumes include WTL, KEL, GGL, TELE and UNITY, which formed 44 percent of total volumes.

Stocks that contributed positively to the index include TRG (+135 points), LUCK (+94 points), UNITY (+34 points), MCB (+32 points) and MLCF (+24 points). Stocks that contributed negatively include OGDC (-65 points), PPL (-19 points), HBL (-8 points), NRL (-8 points) and BAFL (-6 points).

KARACHI: The Pakistan Stock Exchange (PSX) will remain closed next week due to a week-long holiday announced by the government for Eid ul Fitr celebrations. This decision will provide market participants with an extended break amidst the festive season.

(more…)

KARACHI: The stock market gained 231 points on Thursday despite extended holidays announced for Eid ul Fitr. The stock market will reopen on May 17, 2021.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,175 points as against previous day’s closing of 44,944 points, showing an increase of 231 points.

Analysts at Arif Habib Limited said that the market opened on a positive note and after sustaining a short dip of 54 points below LDCP, bounced back, closing the session on a strong note at 231 points.

Cement, Fertilizer, Refinery and Technology stocks kept the interest alive and despite a long vacation investors took a long bet.

Trading volumes remained tilted towards off main board in WTL, TELE, however regardless of the recent onslaught on TRG and NETSOL, buying interest brought the stocks prices of pertinent stocks up generating considerable interest. Among scrips, WTL topped the volumes with 80.3 million shares, followed by TRG (14.7 million) and TELE (12.7 million).

Sectors contributing to the performance include Cement (+80 points), Banks (+55 points), Technology (+33 points), Tobacco (+25 points), Power (+14 points), E&P (-30 points) and Chemical (-11 points).

Volumes declined from 259.8 million shares to 245.6 million shares (-6 percent DoD). Average traded value also declined by 36 percent to reach US$ 62.1 million as against US$ 96.7 million.

Stocks that contributed significantly to the volumes include WTL, TRG, TELE, UNITY and GGL, which formed 53 percent of total volumes.

Stocks that contributed positively to the index include LUCK (+61 points), TRG (+37 points), BAFL (+26 points), PAKT (+25 points) and KAPCO (+14 points). Stocks that contributed negatively include UBL (-20 points), EPCL (-13 points), POL (-12 points), MARI (-10 points) and PPL (-10 points).

The equity market in Karachi closed on a positive note on Wednesday, with the benchmark KSE-100 index gaining 380 points to settle at 44,944, up from the previous day’s closing of 44,564 points. This gain came despite volatile performance in the technology sector, which weighed down some key scrips.

(more…)