Tag: KSE-100

KARACHI: The stock market likely to move in positive zone during next week owing to financial results and improved exchange rate.

Analysts at Arif Habib Limited said that the market to remain bullish in the upcoming week. With the commencement of result season, we believe Oil and cyclical sectors will be under limelight on the back of healthy earnings expectations.

Additionally improvement in macroeconomic indicators and appreciation of PKR/USD parity will keep investors’ sentiments positive.

However, any further increase in domestic COVID-19 infection ratio may dampen investor’s sentiments.

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 16.3x while offering a dividend yield of around 7.1 percent versus 2.6 percent offered by the region.

This week trading commenced on a negative note with the index retreating by 208 points on Monday amidst the ongoing third wave of Covid-19 (threat of lockdown as per NCOC’s proposal given rise in infection ratio).

However, bulls took charge on Tuesday as positive sentiments were fueled by i) Slowdown in infection ratio, ii) Surge in international oil prices by 3.6 percent WoW resulting in buying across heavy-weight E&P scrips, iii) Expectation of outstanding quarterly results, iv) Large Scale Manufacturing inching up by 7.45 percent in 8MFY21, and v) Forex reserves climbing to a 5-year high of $23.2 billion. The KSE-100 index closed at 45,306 points, up by 119 points or 0.26 percent WoW. 

Contribution to the upside was led by i) Commercial Banks (81 points), ii) Technology and Communication (78 points), iii) Fertilizer (43 points), iv) Automobile Assemblers (25 points), and v) Oil and Gas Exploration Companies (18 points). Scrip-wise major gainers were TRG (60 points), FFC (60 points), BAHL (22 points), EFERT (21 points), and HBL (20 points). Whereas, scrip-wise major losers were ENGRO (47 points), HUBC (27 points), PSO (27 points), SEARL (21 points) and DGKC (20 points).  

Foreigners offloaded stocks worth of $1.0 million compared to a net sell of $9.5 million last week. Major selling was witnessed in all other Sectors (USD 2.64mn) and Commercial Banks (USD 1.31mn). On the local front, buying was reported by Individuals (USD 9.77mn) followed by Other Organization (USD 3.91mn). That said, average daily volumes and traded value for the outgoing week were down by 10 percent and 18 percent to 368mn shares and USD 100mn, respectively.     

The share market saw a modest rise on Friday, with the benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gaining 75 points. The index closed at 45,306 points, up from the previous day’s close of 45,230 points. This upward movement comes despite a significant reduction in trading volumes during the day.

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KARACHI: The stock market fell by 81 points on Thursday in a range bound trading activity during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,230 points as compared with previous day’s close of 45,311 points, showing a decline of 81 points.

Analysts at Topline Securities said that Pakistan equities closed slight negative with benchmark KSE-100 Index settling at 45,230 level.

Range bound activity was witnessed throughout the day where KSE-100 Index moved between intraday high and low of 136 and 137 points respectively. Investor interest was mainly witnessed in blue chips stocks.

OGDC, FFC and ENGRO were the major gainer in today’s trading session. Investors opted to tread with caution amid the ongoing rise in COVID19 cases and upcoming result season.

Activity in the wider market was relatively dull as Rs.12.58 billion worth of shares exchanged hands, down 24 percent on DoD basis. The volume leader for today was TELE with 73.57mn shares exchanging hands.

KARACHI: The stock market gained 262 points on Wednesday as investors were remained positive on quarterly financial corporate results.

The benchmark KSE-100 index closed at 45,311 points as against previous day’s closing of 45,048 points, showing an increase of 262 points.

Analysts at Arif Habib Limited said that first day of Ramadan marked positive opening for the benchmark KSE100 index with an overall increase of 299 points during the session and closed +262 points.

Proximity to announcement of quarterly corporate results made investors take a positive view on the market. Buying activity was observed in cyclical sectors such as Autos, Cement and Steel. O&GMCs saw SNGP performing, besides Refinery and Technology stocks where NETSOL hit upper circuit today.

Among scrips, FNEL remained the volume leader with 43.1 million, followed by MDTL (20.2 million) and GGL (19.5 million).

Sectors contributing to the performance include Technology (+46 points), Cement (+35 points), Banks (+29 points), E&P (+26 points) and Refinery (+24 points).

Volumes declined from 473.4 million shares to 341.9 million shares (-28 percent DoD). Average traded value also declined by 11 percent to reach US$ 108.5 million as against US$ 120.7 million.

Stocks that contributed significantly to the volumes include FNEL, MDTL, GGL, TRG and WTL, which formed 35 percent of total volumes.

Stocks that contributed positively to the index include TRG (+32 points), FFC (+19 points), HBL (+19 points), LUCK (+18 points) and ATRL (+17 points). Stocks that contributed negatively include MCB (-12 points), POL (-9 points), ABL (-4 points), KTML (-3 points) and UNITY (-3 points).

KARACHI: The share market increased by 71 points on Tuesday in narrow range trading session, analysts said.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,048 points as against previous day’s closing of 44,978 points, showing an increase of 71 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range between -198 points and +155 points, closing the session +71 points.

Main board scrips have largely been in consolidation and today was no different. Banking sector stocks inched up with particular interest in UBL, especially by the end of session.

Technology stocks witnessed a see-saw moment when NETSOL rebounded and hit upper circuit, whereas TRG (which went upper circuit yesterday) bore selling pressure and traded below LDCP. Among small caps, GGL, GGGL, HUMNL and TELE remained in the limelight.

Among scrips, FNEL topped the volumes with 106.5 million shares, followed by UNITY (29.8 million) and BYCO (28.5 million).

Sectors contributing to the performance include BANKS (+89 points), O&GMCs (+15 points), Technology (-59 points), and Power (-19 points).

Volumes declined from 503.5 million shares to 473.4 million shares (-6 percent DoD). Average traded value also declined by 8 percent to reach US$ 120.8 million as against US$ 130.7 million.

Stocks that contributed significantly to the volumes include FNEL, UNITY, BYCO, TRG and WTL, which formed 47 percent of total volumes.

Stocks that contributed positively to the index include UBL (+28 points), HBL (+18 points), BAHL (+17 points), SNGP (+13 points) and FFBL (+12 points). Stocks that contributed negatively include TRG (-67 points), ENGRO (-28 points), HUBC (-19 points), MLCF (-4 points) and KOHC (-4 points).

KARACHI: The equity market witnessed a decline of 208 points on Monday after possibility of imposition of lockdown in the light of NCOC proposal, analysts said.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,978 points as against last Friday’s closing of 45,186 points showing a decline of 208 points.

Analysts at Arif Habib Limited said that Market took toll from possibility of imposition of lock down in the light of NCOC proposal, although a firm decision is yet to be taken.

Selling pressure was evident across the board with the exception of few scrips, including TRG, GGL, MCB and FFC, which somewhat supported the index. Overall the index lost 428 points during the session and closed the session -208 points.

Refinery sector, which has lately coincided with technology stocks also went down following weak investor sentiment. Among scrips, WTL topped the volumes with 73.7 million shares followed by TRG (42.1 million) and GGL (38.8 million).

Sectors contributing to the performance include O&GMCs (-36 points), Banks (-32 points), Pharma (-26 points), Chemical (-23 points) and Cement (-23 points).

Volumes declined from 688 million shares to 504 million shares (-27 percent DoD). Average traded value also declined by 21 percent to reach US$ 130.7 million as against US$ 165.9 million.

Stocks that contributed significantly to the volumes include WTL, TRG, GGL, TELE and BYCO, which formed 42 percent of total volumes.

Stocks that contributed positively to the index include TRG (+98 points), FFC (+24 points), MCB (+19 points), EFERT (+12 points) and LUCK (+6 points). Stocks that contributed negatively include ENGRO (-44 points), PSO (-25 points), OGDC (-22 points), SEARL (-21 points) and UBL (-16 points).

KARACHI: Positive sentiments are likely to prevail in the stock market during the next week due to result season is commencing and investors hope healthy earnings.

Analysts at Arif Habib Limited said that market to remain bullish in the coming week.

With the result season commencing from next week, we believe cyclical sectors / scrips will be under the limelight on the back of healthy earnings expectations.

Keeping in view the smart lockdowns in place in hotspot areas and aggressive vaccination drive by the Government, a complete lockdown is unlikely.

With the Eurobonds proceeds helping SBP reserves cross USD 16 billion (highest level since July 2017), the analyst expect the PKR/USD parity to remain strong.

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 16.4x and while offering DY of 7.1 percent versus 2.6 percent offered by the region.

The market commenced on a negative note this week given 5,000+ cases being reported daily, due to which hotspot areas are again under smart lockdown and business timings have reduced.

Moreover, IMF and World Bank forecasted GDP growth at 1.5 percent and 1.3 percent, respectively in FY21, which are lower than SBP’s projection of 3 percent.

Moreover, news came in regarding extension of the Debt Servicing Suspension Initiative (DSSI) till December 2021 which was welcomed in the local bourse.

Alongside this, expectation of robust quarterly results kept the index in the green. The market closed at 45,186 points, gaining 886 points (up by 2 percent) WoW.

Sector-wise positive contributions came from i) Cement (280 points), ii) Technology & Communication (256 points), iii) Textile Composite (65 points), iv) Engineering (58 points) and v) Power Generation & Distribution (57 points).

Sectors that contributed negatively include i) Commercial Banks (40 points), ii) Auto Assembler (22 points) and iii) Fertilizer (21p points). Scrip-wise positive contributors were TRG (251 points), LUCK (124 points), DGKC (45 points), HUBC (34 points) and NRL (33 points) while negative contributors included FFC (24 points), BAHL (20 points) and INDU (17 points).

Foreign selling continued this week clocking-in at USD 9.5 million compared to a net sell of USD 4.9 million last week. Selling was witnessed in Commercial Banks (USD 4.2 million) and Fertilizer (USD 3.0 million). On the domestic front, major buying was reported by Banks / DFIs (USD 3.2 million and Companies (USD 2.5 million). Average volumes arrived at 410 million shares (up by 9 percent WoW) while average value traded settled at USD 122 million (down by 9 percent WoW).

KARACHI: The stock market increased by 445 points on Friday owing to improved investors’ sentiments during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,186 points as against previous day’s closing of 44,741 points, showing an increase of 445 points.

Analysts at Arif Habib Limited said that the market inched up further from the recent run-up it has had in the past few sessions, adding round about 1500 points on the table.

Tech, Refinery, Cement, Steel, E&P and O&GMCs contributed to the positivity. Result expectations are helping Cement and Steel sector stocks go up and improvement in investor sentiment triggered other sectors.

Refinery sector stocks performed on the expectation of approval from the Petroleum Division. Among scrips, WTL topped the volumes with 124.3 million shares, followed by TELE (60.1 million) and BYCO (50.1 million).

Sectors contributing to the performance include Technology (+139 points), E&P (+84 points), Cement (+51 points), Banks (+46 points) and Textile (+44 points).

Volumes increased from 383.1 million shares to 688.0 million shares (+80 percent DoD). Average traded value also increased by 41 percent to reach US$ 165.7 million as against US$ 117.5 million.

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

Stocks that contributed positively to the index include TRG (+120 points), HBL (+29 points), POL (+28 points), NRL (+24 points) and PPL (+22 points). Stocks that contributed negatively include ENGRO (-69 points), DAWH (-28 points), BAHL (-7 points), INDU (-4 points) and NATF (-4 points).

KARACHI: The stock market gained 788 points on Thursday owing to positive investors’ sentiments on extension in debt servicing by G20.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,741 points from previous day’s closing of Rs43,953 points, showing the increase of 788 points.

Analysts at Topline Securities said that The day kicked off on a positive note and remained positive throughout the day as investors cheered extension in debt servicing by G20 and slight decline in cut-off yields in the T-Bill auction held yesterday.

This led the market to make an intraday high of 805 points. Initial gains were led by Cements and financial sector.

TRG closed at its upper circuit contributing the most points in KSE100 Index.

On the corporate front, Fauji Foundation will not be proceeding with the due diligence process of Silk bank limited, however in another notice HBL has requested SBP’s approval to proceed with the due diligence of the consumer portfolio ( credit cards, running finance and personal loans) of Silk bank.

Total traded volume and value for the day stood at 383 million shares and at Rs17.97 billion respectively. The volume leader for today was GGL with 35.91 million shares exchanging hands.

KARACHI: The benchmark KSE-100 index fell by 451 points on Wednesday owing to selling pressure witnessed during the day.

The index closed at 43,954 points as against previous day’s closing of 44,404 points showing a decline of 451 points.

Analysts at Arif Habib Limited said that the KSE-100 benchmark index lost 647 points during the session after posting an intra-day gain of 930 points.

Banks, E&P, Fertilizer sectors remained under selling pressure whereas Tech and Refinery sector stocks saw mixed reaction from Investors.

Different factors were at play that brought negative sentiment including anticipation of mute growth in financial sector results and decline in international crude oil prices.

Cement sector performed well earlier in the session, however, change of overall sentiment brought cement stocks down as well. Among scrips, TRG led the table with 38.3 million shares, followed by DSL (30.3 million) and ANL (22.9 million).

Sectors contributing to the performance include Banks (-183 points), E&P (-103 points), Fertilizer (-98 points), Autos (-37 points) and Power (-31 points).

Volumes increased slightly from 305.9 million shares to 371 million shares (+21 percent DoD). Average traded value also increased by 26 percent to reach US$ 132.8 million as against US$ 105.2 million.

Stocks that contributed significantly to the volumes include TRG, DSL, ANL, GGL and TELE, which formed 33 percent of total volumes.

Stocks that contributed positively to the index include LUCK (+39 points), AICL (+15 points), TRG (+12 points), EFUG (+11 points) and ISL (+11 points). Stocks that contributed negatively include HBL (-55 points), ENGRO (-52 points), BAHL (-46 points), OGDC (-44 points) and FFC (-35 points).