Tag: KSE-100

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 182 points on Thursday owing to positive sentiments of investors after release of IMF fund for Pakistan.

The Index closed at 45,726 points as against previous day’s closing of 45,544 points, showing an increase of 182 points.

Analysts at Arif Habib Limited said that the market responded positively to IMF’s disbursement of 3rd tranche of US$ 500 million and added a total of 456 points during the session and ended the session +182 points.

Although, Banks, E&P, O&GMCs and Fertilizer stocks ended the session in red, it was mostly Tech, Refinery and Cement sectors that contributed positively to the Index.

Telecom sector had PTC as the leading stock which had bearing from sale of Dhabi Group’s stake in Pakistan Mobile Communication Limited (an unlisted company).

Power sector saw KAPCO performing on the expectation of release of funds related to circular debt. Similarly, Chemical sector saw active trades in EPCL, which performed well on the back of healthy product margins.

Among volume leaders, PTC topped the volumes with 61.3 million shares, followed by TRG (38.8 million) and BYCO (38.2 million).

Sectors contributing to the performance include Tech (+118 points), Cement (+30 points), Autos (+25 points), Textile (+15 points), Fertilizer (-27 points), E&P (-22 points) and O&GMCs (-17 points).

Volumes increased from 409.6 million shares to 470.4 million shares (+15 percent DoD). Average traded value moved 1 percent up to reach US$ 166.6 million as against US$ 165.2 million.

Stocks that contributed significantly to the volumes include PTC, TRG, BYCO, UNITY and HASCOL, which formed 40 percent of total volumes.

Stocks that contributed positively to the index include TRG (+107 points), ANL (+21 points), LUCK (+17 points), PAKT (+14 points) and KAPCO (+13 points). Stocks that contributed negatively include MEBL (-24 points), ENGRO (-20 points), HUBC (-16 points), PPL (-12 points) and FFC (-9 points).

KARACHI: The stock market gained 137 points on Wednesday in a range bound trading activity during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,544 points as against Monday’s closing of 45,407 points showing an increase of 137 points.

Analysts at Arif Habib Limited said that the market traded range bound today, oscillating between -148 points and +186 points, closing the session +137 points.

E&P sector led the Index the other day remained negative throughout the session on the back of an overnight decline in international crude oil prices by around 7 percent.

Refinery, Tech and Chemical sectors on the other hand, performed well today with TRG, PTC hitting upper circuits. Banking sector stocks also remained muted but positive throughout the session.

O&GMCs saw PSO bouncing back by the end of session, which otherwise traded below LDCP good part of the session. Among scrips, TRG topped the volumes with 54.5 million shares, followed by PTC (37.1 million) and BYCO (29.2 million).

Sectors contributing to the performance include Tech (+123 points), Autos (+29 points), Chemical (+27 points), Cement (+25 points), Banks (+19 points), E&P (-73 points), Fertilizer (-20 points) and O&GMCs (-17 points).

Volumes declined from 440.9 million shares to 409.7 million shares (-7 percent DoD). Average traded value increased by 15 percent DoD to reach US$ 165 million as against US$ 142.1 million.

Stocks that contributed significantly to the volumes include TRG, PTC, BYCO, HASCOL and ANL, which formed 41 percent of total volumes.

Stocks that contributed positively to the index include TRG (+119 points), MTL (+16 points), ATRL (+15 points), PTC (+14 points) and HUBC (+13 points). Stocks that contributed negatively include OGDC (-46 points), ENGRO (-29 points), POL (-14 points), PPL (-13 points) and SYS (-9 points).

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 506 points on Monday owing to improved sentiments in oil stocks and circular debt issue.

The Index closed at 45,407 points as against last Friday’s closing of 44,901 points, showing an increase of 506 points.

Analysts at Arif Habib Limited said that the market went down earlier in the session by 165 points that saw across the board mild selling pressure.

Short roll-over week and an outstanding amount of Rs. 38.8B at the start of the week caused some jitters. However, a reversal in energy chain stocks (E&P, Refinery, O&GMCs, Power) saw a rebound in the Index.

Anticipation of resolution of gas related circular debt helped energy chain to recover primarily. Among major contributors, OGDC, PPL and HASCOL hit upper circuit during the session, whereas PSO, HUBC also contributed to the positivity.

Similarly, Refinery sector stocks also performed well today. Among scrips, BYCO topped the volumes with 68.6 million shares, followed by PRL (40.8 million) and HASCOL (38.5 million).

Sectors contributing to the performance include E&P (+236 points), O&GMCs (+88 points), Tech (+78 points), Power (+44 points) and Fertilizer (+43 points).

Volumes declined from 484.6 million shares to 440.9 million shares (-9 percent DoD). Average traded value however increased by 1 percent to reach US$ 141.7 million as against US$ 140 million.

Stocks that contributed significantly to the volumes include BYCO, PRL, HASCOL, TRG and ASL, which formed 45 percent of total volumes.

Stocks that contributed positively to the index include OGDC (+111 points), PPL (+101 points), TRG (+44 points), PSO (+44 points) and HUBC (+41 points). Stocks that contributed negatively include AICL (-12 points), MCB (-11 points), BAFL (-10 points), PIOC (-10 points) and NBP (-10 points).

KARACHI: The share market likely to trade in green during the next week owing to unchanged policy rate.

Analysts at Arif Habib Limited said that the market likely to trade in green due to: central bank keeping policy rate unchanged, which is positive for the stock market; and encouraging SBP projections as monetary policy committee noted that the current account deficit is expected to remain below 1 percent of GDP for FY21 while forecasting 3 percent GDP growth for FY21.

Further, appreciation of PKR/USD parity may also impact positively.

However, any surprise 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 12.2x while offering a dividend yield of around 6.8 percent versus 2.8 percent offered by the region.

This week trading commenced on a positive note continuing the trend from last Friday due to

i) Government and their allies winning the seat of senate chairman and deputy chairman,

ii) Pakistan Democratic Movement postponing their long march which was expected to start from last week of March,

iii) Large Scale Manufacturing increasing by 7.85 percent in 7MFY21, and

iv) Continuous appreciation of Rupee against USD.

However, later in the week bears took charge and negative sentiments were fueled by

i) Anticipation of possible rate hike in the monetary policy statement,

ii) Rising cases of coronavirus as infection ratio surged to 8.0 percent, and

iii) Drop in international oil prices resulting in selling across heavy-weight E&P scrips.

The KSE-100 index closed at 44,901 points, up by 1,113 points or 2.54 percent WoW.

Contribution to the upside was led by i) Technology and Communication (296 points), ii) Commercial Banks (214 points), iii) Cements (107 points), iv) Oil and Gas Marketing Companies (89 points), and v) Refinery (61 points). Scrip-wise major gainers were TRG (227 points), HBL (140 points), SYS (66 points), UBL (64.01 points), and PSO (60 points).

Whereas, scrip-wise major losers were OGDC (41 points), ENGRO (28 points), BAHL (26 points), MARI (10 points) and PMPK (9 points).

Foreigners accumulated stocks worth of USD 3.04 million compared to a net buy of USD 3.64 million last week. Major buying was witnessed in Commercial Banks (USD 6.46 million) and Cement (USD 1.52 million).

On the local front, selling was reported by Banks (USD 11.21 million) followed by Companies (USD 8.18 million). That said, average daily volumes and traded value for the outgoing week were up by 11 percent and 4 percent to 483 million shares and USD 144 million, respectively.

KARACHI: The share market gained 177 points on Friday on anticipation of unchanged monetary policy rate, analysts said.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,901 points as against previous day’s closing of 44,724 points, showing an increase of 177 points.

Analysts at Arif Habib Limited said that the market followed the trend shown yesterday by regressing 331 points in the first session, however, bounced back strongly and added a total increase of 448 points. The index closed +177 points.

Key monetary policy decision taken by the SBP today remained unchanged, which was announced after the end of session.

Refinery, Cement, Steel, O&GMCs performed in the later part of the session. Among scrips, BYCO led the table with 101.3 million shares, followed by KEL (38.2 million) and TRG (30.6 million).

Sectors contributing to the performance include Power (+49 points), Technology (+42 points), O&GMCs (+42 points), Refinery (+27 points) and Pharma (+22 points).

Volumes declined from 554 million shares to 484.6 million shares (-13 percent DoD). Average traded value also declined by 9 percent to reach US$ 140.0 million as against US$ 152.8 million.

Stocks that contributed significantly to the volumes include BYCO, KEL, TRG, PRL and UNITY, which formed 45 percent of total volumes.

Stocks that contributed positively to the index include HBL (+60 points), PSO (+31 points), TRG (+25 points), HUBC (+22 points) and SYS (+17 points). Stocks that contributed negatively include OGDC (-27 points), UBL (-24 points), INDU (-19 points), FFC (-16 points) and BAHL (-14 points).

KARACHI: The stock market saw a decline of 726 points on Thursday as investors’ were cautions over monetary policy statement (MPS) announcement due on March 19, 2021 and reports of tax exemption withdrawal.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,724 points as against previous day’s close of 45,450 points showing a decline of 726 points.

Analysts at Arif Habib Limited said that the market came down today by 809 points during the session, after posting an initial increase of 163 points.

Increase in leverage levels during the ongoing week from Rs. 35B level (across MTS, MFS and Futures) on March 12th to Rs. 41B till yesterday reignited the issue of overleveraging at a time, when key economic decisions are pending on account of monetary policy as well as withdrawal of tax exemptions.

Selling was observed across the board, with Cement, Steel, Refinery and Tech stocks contributing to the onslaught. Among scrips, BYCO topped the volumes with 57.8 million shares, followed by KEL (49.5 million) and TRG (39.1 million).

Sectors contributing to the performance include Tech (-118 points), Banks (-112 points), E&P (-87 points), Cement (-86 points) and O&GMCs (-48 points).

Volumes increased from 510.8 million shares to 554.1 million shares (+8 percent DoD). Average traded value declined by 5 percent to reach US$ 153.3 million as against US$ 160.4 million.

Stocks that contributed significantly to the volumes include BYCO, KEL, TRG, HUMNL and ANL, which formed 37 percent of total volumes.

Stocks that contributed positively to the index include FFC (+16 points), EPCL (+10 points), INDU (+6 points), AGP (+4 points) and NESTLE (+3 points). Stocks that contributed negatively include TRG (-101 points), ENGRO (-47 points), PSO (-35 points), PPL (-34 points) and BAHL (-33 points).

The stock market witnessed a significant surge on Wednesday, with the benchmark KSE-100 index gaining 593 points, closing at 45,450 points compared to the previous day’s close of 44,857 points.

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KARACHI: The share market gained 91 points on Tuesday amid trading in narrow range during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,857 points as against previous day’s closing of 44,767 points, showing an increase of 91 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range after posting an increase of around 2500 points from 42,700 level in the past 2 sessions.

Leveraged positions continued causing jitters every now and then, which kept activity in tech stocks as well as food sector a bit volatile.

Cement sector stocks went up earlier in the session, however, selling pressure brought the levels down by the end of session. Besides Cement, O&GMCs, Steel and E&P sectors bore selling pressure.

Among scrips, UNITY led the table with 37.2 million shares, followed by TELE (35.6 million) and TRG (28.5 million).

Sectors contributing to the performance include Tech (+124 points), Banks (+60 points), Fertilizer (+42 points), Textile (+23 points), Cement (-54 points), O&GMCs (-28 points), Power (-28 points), and E&P (-27 points).

Volumes declined from 455.5 million shares to 408.3 million shares (-10 percent DoD). Average traded value also declined by 9 percent to reach US$ 127.5 million as against US$ 140.1 million.

Stocks that contributed significantly to the volumes include UNITY, TELE, TRG, GGL and PRL, which formed 34 percent of total volumes.

Stocks that contributed positively to the index include TRG (+104 points), HBL (+28 points), EFERT (+21 points), MEBL (+19 points) and SYS (+15 points). Stocks that contributed negatively include HUBC (-37 points), PSO (-17 points), DGKC (-14 points), MLCF (-12 points) and OGDC (-12 points).

KARACHI: The share market gained 979 points on Monday owing to positive sentiments prevailed on stable political front.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,767 points as against last Friday’s closing 43,788 points showing an increase of 979 points.

Analysts at Arif Habib Limited said that the market opened on a positive note today and added a total of 1051 points, similar to the performance witnessed on Friday.

Leveraged positions have come off lately, whereby leverage in MTS, MFS and Futures stood Rs. 45 billion on March 8^th, and by the end of the week declined to Rs. 35 billion.

The Govt’s win of Senate chairmanship also helped investors make view on index. Buying was witnessed across the board, with Cement and Steel sectors contributing the most to the Index.

Among scrips, TRG led the volumes with 24.8 million shares, followed by UNITY (23.6 million) and FCCL (21.1 million).

Sectors contributing to the performance include Cement (+170 points), Technology (+152 points), O&GMCs (+100 points), Banks (+92 points) and Power (+79 points).

Volumes increased from 442.5 million shares to 455.6 million shares (+3 percent DoD). Average traded value also increased by 2 percent to reach US$ 139.9 million as against US$ 137.5 million.

Stocks that contributed significantly to the volumes include TRG, UNITY, FCCL, BYCO and KEL, which formed 24 percent of total volumes.

Stocks that contributed positively to the index include TRG (+97 points), PSO (+71 points), LUCK (+58 points), SYS (+54 points) and HUBC (+47 points). Stocks that contributed negatively include ENGRO (-12 points), MCB (-5 points), PKGS (-4 points), MUREB (-4 points) and HGFA (-4 points).

KARACHI: The stock market is likely to regain due to boost in investor confidence after a major political sigh of relief for the ruling government.

Analysts at Arif Habib Limited said that with the government’s candidate successfully retaining his position as Chairman Senate, we view this as a major political sigh of relief for the ruling government.

“We expect this to stimulate renewed confidence and stability in the political climate, which should help recover sentiment in the local bourse,” they said.

We do highlight that rising COVID cases, and rising oil prices are factors that could keep market performance in check.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 6.7x (2021) compared to Asia Pac regional average of 17.4x and while offering DY of ~7.1 percent versus ~4.5 percent offered by the region.

Despite PM Imran Khan successfully winning a vote of confidence in the National Assembly, the domestic bourse witnessed a severe hammering throughout the week against expectations.

Concerns persisted with regards to uncertainty over the senate chairman election.

The opposition’s plans regarding “Long March” towards the end of March contributed further to the prevailing political noise.

Furthermore, Election Commission of Pakistan rejected a plea of the Government to stop the issuance of the notification for the opposition candidate’s victory in the senate elections.

Once again this was seen by the investors as a source of further instability on the political front. Besides politics, concerns over rising inflation (low-base effect), creeping up oil prices, news regarding possible withdrawal of corporate tax exemptions and resurgence in COVID-19 cases, further dented the sentiment.

Meanwhile, on the last working day, investors’ expectation of the Government candidate retaining his position as Chairman Senate helped to revive sentiments.

The market settled at 43,788 points, shedding 2,049 points (down by 4.5 percent) WoW.

This week was the worst week in terms of points as well as percentage over the last almost one year (week ending March 27, 2020 saw a decline of 2,558 points/8.34 percent WoW).

Sector-wise negative contributions came from

i) Technology & Communication (353 points),

ii) Cement (304 points),

iii) Fertilizer (224 points),

iv) Oil & Gas Exploration (169 points) and

v) Pharmaceuticals (143 points).

Whereas sectors that contributed positively include i) Insurance (22 points) and ii) Tobacco (2 points).

Scrip-wise negative contributors were TRG (278 points), LUCK (135 points), ENGRO (107 points), PPL (68 points) and SYS (67 points) while positive contributors included AICL (25 points), BAHL (21 points) and MCB (11 points).

Foreign buying this week clocking-in at USD 3.6 million compared to a net sell of USD 10.7 million last week. Buying was witnessed in Commercial Banks (USD 2.3 million) and Food and Personal Care Products (USD 0.4 million). On the domestic front, major selling was reported by Mutual Funds (USD 9.1 million) and Insurance Companies (USD 5.6 million).

Average volumes arrived at 433 million shares (up by 12 percent WoW) while average value traded settled at USD 138 million (up by 7 percent WoW).