Tag: KSE-100

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 43,788 points from previous day’s closing of 42,780 points, showing an increase of 1,008 points.

Analysts at Arif Habib Limited said that post clearance of leveraged positions of Individual investors, market bounced back today with a jump of 1206 points during the session and a net increase of 1008 points at the end of session.

Cement and Steel sectors contributed significantly to the surge in index. Technology stocks, which were the subject of leveraged positions, bounced back from session’s low, however, by the end of session selling commenced back in tech stocks, which brought the index down from session’s high.

Besides, excitement of senate elections also had some bearing on the stock market, where a win on Government’s part was considered to be a source of confidence for the Investors.

Among scrips, UNITY topped the volumes with 88.2 million shares, followed by TRG (38.8 million) and JSCL (17.7 million).

Sectors contributing to the performance include Cement (+223 points), Banks (+151 points), E&P (+90 points), Power (+83 points) and O&GMCs (+70 points).

Volumes increased from 406.1 million shares to 442.4 million shares (+9 percent DoD). Average traded value also increased by 22 percent to reach US$ 137.4 million as against US$ 112.7 million.

Stocks that contributed significantly to the volumes include UNITY, TRG, JSCL, PRL and TELE, which formed 41 percent of total volumes.

Stocks that contributed positively to the index include LUCK (+76 points), HUBC (+61 points), HBL (+46 points), PSO (+43 points) and SYS (+43 points). Stocks that contributed negatively include ANL (-9 points), ENGRO (-6 points), TRG (-4 points), ABOT (-2 points) and SHFA (-2 points).

KARACHI: The stock market witnessed a massive fall of 912 points on Thursday as selling pressure continued over negative sentiments.

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 42,780 points as against previous day’s closing of 43,692 points, showing a decline of 912 points.

Analysts at Arif Habib Limited said that the market saw another thrashing of 1003 points after posting an increase of 199 points during the session.

Selling pressure kept building up by the end of session, where several stocks hit lower circuits, however, periodic buying contained the losses to -912 points by the end of session.

Cement sector saw buying activity, whereas Banks, E&P, Power, O&GMC sectors contributed most to the decline in Index.

Though FBR gave clarification on withdrawal of tax exemptions, the investors remained perturbed on anticipation of levy of additional taxes that made the leveraged investors closing their positions at market rates rather than meeting the margin requirements.

In addition, tomorrow’s senate elections also had bearing on today’s session, where investors preferred staying away from the market than bearing the brunt from any surprise as was witnessed in the previous week.

Among scrips, UNITY led the volumes with 34.8 million shares, followed by TRG (27.1 million) and HUMNL (21.4 million).

Sectors contributing to the performance include Banks (-139 points), E&P (-118 points), Technology (-98 points), Textile (-74 points) and Cement (-70 points).

Volumes increased from 363.2 million shares to 406 million shares (+12 percent DoD). Average traded value, on the contrary, declined by 16 percent to reach US$ 112.8 million as against US$ 134.6 million.

Stocks that contributed significantly to the volumes include UNITY, TRG, HUMNL, WTL and KEL, which formed 30 percent of total volumes.

KARACHI: The stock exchange declined by 531 points on Wednesday as investors preferred selling in the wake of government decision to withdraw tax exemptions and increase in electricity tariff.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,692 points as against previous day’s close of 44,223 points, showing a decline of 531 points.

Analysts at Arif Habib Limited said that the market continued the down trend. Anticipation of government’s withdrawal of tax exemption in the wake of IMF program, increase in electricity tariff and deferment of increase in petroleum prices have Investors selling positions across the board with pressure points in Tech, Cement, Steel and O&GMC sectors. Redemptions from Mutual funds and Insurance companies maintained the selling pressure on stocks.

Among scrips, TRG topped the volumes with 38.1 million shares, followed by UNITY (24.8 million) and GGL (19.1 million).

Sectors contributing to the performance include Technology (-130 points), Cement (-60 points), Fertilizer (-52 points), Power (-46 points) and O&GMCs (-32 points).

Volumes declined from 492.3 million shares to 363.2 million shares (-26percent DoD). Average traded value also declined by 10percent to reach US$ 134.5 million as against US$ 149.1 million.

Stocks that contributed significantly to the volumes include TRG, UNITY, GGL, FFBL and PRL, which formed 31percent of total volumes.

Stocks that contributed positively to the index include UBL (+12 points), MEBL (+11 points), AICL (+11 points), BAHL (+10 points) and FCCL (+8 points). Stocks that contributed negatively include TRG (-76 points), SYS (-52 points), LUCK (-43 points), HUBC (-35 points) and HBL (-31 points).

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell by 828 points on Tuesday as high inflation and political uncertainty kept investors upset during the day.

The index closed at 44,223 points as against previous day’s closing of 45,051 points, showing a decline of 828 points.

Analysts at Arif Habib Limited said that the market got another thrashing from investors on the back of rising inflation and political uncertainty.

Institutional investors are known to face redemptions from investors, which resulted in offloading of recently bought positions, especially in Cement and Steel sectors.

Expectation of an increase in inflation leading to a hike in monetary policy has recently caused havoc among investors looking for safe haven stocks.

Resultantly, Power sector saw gradual accumulation particularly KAPCO & HUBC. Banking sector also saw brisk buying with limited price gains.

Cement, Steel, Technology, O&GMC and E&P sectors saw major price reduction. Among scrips, GGL led the volumes with 41.2 million shares, followed by UNITY (33.3 million) and TRG (25.4 million).

Sectors contributing to the performance include Cement (-192 points), Technology (-146 points), E&P (-73 points), Textile (-71 points), O&GMCs (-62 points) and Banks (+20 points).

Volumes increased from 459.8 million shares to 492.3 million shares (+7 percent DoD). Average traded value declined by 5 percent to reach US$ 149.2 million as against US$ 157.6 million.

Stocks that contributed significantly to the volumes include GGL, UNITY, TRG, WTL and PRL, which formed 28 percent of total volumes.

Stocks that contributed positively to the index include UBL (+23 points), MCB (+8 points), MARI (+8 points), HBL (+8 points) and BAHL (+8 points). Stocks that contributed negatively include TRG (-93 points), SYS (-50 points), DGKC (-47 points), LUCK (-43 points) and PSO (-39 points).

KARACHI: The share market plunged by 786 points on Monday owing to high inflation risk following rise in international oil prices and political uncertainty on possible change in Punjab setup.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,051 points as against last Friday’s closing of 45,837 points, showing a decline of 786 points.

Analysts at Arif Habib Limited said that in the aftermath of PM’s vote of confidence from the Parliament, the market saw a heavy draw down with an oscillation of 1583 points posting an increase of 595 points in the early part of the session and dropping by 988 points during the session. The Index closed 786 points.

Political uncertainty emanating from possible change in Punjab’s political setup perturbed investors, at the same time recent rapid upsurge in inflation (primarily international crude oil prices) also caused Investors to think twice about upcoming monetary policy and impact thereof on cyclicals.

Resultantly, cement, steel, O&GMCs saw major attrition today. Over the weekend increase in international crude oil prices helped E&P stocks to stay afloat, however, selling pressure in other stocks also brought pressure in OGDC and PPL as well. Among scrips, ANL topped the volumes with 48.2 million shares, followed by UNITY (45.4 million) and TRG (35.4 million).

Sectors contributing to the performance include Cement (-205 points), Banks (-104 points), Power (-67 points), Autos (-49 points) and Pharma (-46 points).

Volumes increased from 317.2 million shares to 459.8 million shares (+45 percent DoD). Average traded value also increased by 55 percent to reach US$ 157.5 million as against US$ 101.5 million.

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

Stocks that contributed positively to the index include PAKT (+10 points), POL (+10 points), ANL (+7 points), MEBL (+3 points) and FCEPL (+2 points). Stocks that contributed negatively include LUCK (-85 points), HUBC (-48 points), HBL (-39 points), DGKC (-36 points) and INDU (-24 points).

KARACHI: The share market likely to rebound after Prime Minister Imran Khan successfully attained vote of confidence from the parliament on Saturday.

Analysts at Arif Habib Limited said that a fresh vote of confidence in the PM and his government is certain to stimulate renewed confidence and optimism in the investment climate.

However markets could witness pressure in the case of an adverse outcome. Our top picks are HBL, MCB, UBL, OGDC, MARI, KAPCO, HUBC, FFC, LUCK, ENGRO, NML, ILP, and PSO.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 7.1x (2021) compared to Asia Pac regional average of 17.2x and while offering DY of ~6.8 percent versus ~4.8 percent offered by the region.

The domestic bourse started the week on a positive note amid expectations of a successful senate election for the ruling government. However the results were a major surprise with the ruling government facing a setback on the hotly contested Islamabad seat, which sent the market tumbling.

PM Imran Khan’s decision to seek a vote of confidence and expectations of success helped rebound sentiment starkly on Friday. The benchmark KSE-100 index closed the week nominally down (-28 points WoW), settling at 45,837 points.

Sector-wise positive contributions came from i) Oil & Gas Exploration Companies (54 points), ii) Power (45 points), and iii) Oil & Gas Marketing Companies (32 points). Whereas sectors that contributed negatively include i) Cement (85 points), ii) Pharmaceuticals (39 points), and iii) Textile weaving (16 points). Scrip-wise positive contributors were KAPCO (42 points), TRG (40 points) and BAFL (39 points) while negative contributors included LUCK (45 points), UBL (41 points) and HBL (37 points).

Foreign selling continued this week clocking-in at USD 10.7 million compared to a net buy of USD 0.3 million last week. Selling was witnessed in Commercial Banks (USD 10.1 million) and Technology and Communication (USD 2.2 million). On the domestic front, major buying was reported by Insurance Companies (USD 8.4 million) and Banks / DFIs (USD 8.0 million). Average volumes arrived at 386 million shares (down by 35 percent WoW) while average value traded settled at USD 129 million (down by 19 percent WoW).

KARACHI: The stock market gained 559 points on Friday as investors posed confidence on the prime minister’s decision to take vote of confidence from the National Assembly.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,837 points as against previous day’s close of 45,279 points, showing an increase of 559 points.

Analysts at Arif Habib Limited said that the market partially recovered the points lost in yesterday’s trading.

Investors largely banked on Prime Minister’s Vote of Confidence, scheduled for tomorrow, which was further aided by release of SPI (Sensitive Price Index) data that showed a surprise jump of 15 percent YoY, prompting an active buying in Banks.

About 5 percent jump in international crude oil prices also favoured otherwise lethargic E&P sector, which also contributed to the surge in Index. Among scrips, ANL topped the volumes with 29.2 million shares, followed by TRG (21.1 million) and PRL (17.8 million).

Sectors contributing to the performance include Banks (+135 points), E&P (+132 points), Cement (+59 points), Fertilizer (+52 points) and Power (+51 points).

Volumes declined from 441 million shares to 317.2 million shares (-28 percent DoD). Average traded value also declined by 25 percent to reach US$ 101.5 million as against US$ 135.1 million.

Stocks that contributed significantly to the volumes include ANL, TRG, PRL, GGL and FFBL, which formed 32 percent of total volumes.

Stocks that contributed positively to the index include POL (+46 points), OGDC (+42 points), HBL (+37 points), LUCK (+35 points) and TRG (+33 points). Stocks that contributed negatively include COLG (-15 points), PAKT (-12 points), AICL (-2 points), PSX (-2 points) and PSMC (-2 points).

KARACHI: The stock market plunged by 882 points on Thursday owing to set back for the government in the Senate elections.

The benchmark KSE-100 index closed at 45,279 points as against previous day’s closing of 46,161 points, showing a decline of 882 points.

Analysts at Arif Habib Limited said that the incumbent government’s defeat at Senate elections trumped KSE100 index, which dropped 1073 points on the opening bell.

Recovery ensued in the expectation of Vote of Confidence by Prime Minister, which brought the index from -1073 points to ~-350 points during the session.

Selling was observed across the board. By mid-day, prospects of redemption at Mutual Funds’ end brought the Index under pressure again, continuing till end of session that saw market taking a double dip to end -882 points. Among scrips, KEL led the table with 33.1 million shares, followed by GGL (28.6 million) and TRG (25.8 million).

Sectors contributing to the performance include Cement (-167 points), Banks (-142 points), E&P (-71 points), Fertilizer (-71 points) and Power (-60 points).

Volumes increased from 403.6 million shares to 441.3 million shares (+9 percent DoD). Average traded value on the contrary declined by 10 percent to reach US$ 135 million as against US$ 149.5 million.

Stocks that contributed significantly to the volumes include KEL, GGL, TRG, BYCO and WTL, which formed 29 percent of total volumes.

Stocks that contributed positively to the index include COLG (+22 points), GATI (+2 points), NESTLE (+1 points), INDU (+0 points) and FHAM (+0 points). Stocks that contributed negatively include LUCK (-67 points), TRG (-53 points), HBL (-35 points), HUBC (-34 points) and UBL (-31 points).

KARACHI: The stock market gained 197 points on Wednesday owing to fresh flows from investors into energy chain on back of release of funds from the government.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 46,160 points as against previous day’s close of 45,964 points showing an increase of 197 points.

Analysts at Arif Habib Limited said that the market traded in the positive zone for good part of the session in excitement of Senate Elections.

Besides, energy chain remained recipient of fresh flows from investors on the back of release of funds from Government in conclusion of deal with IPPs.

Other than Banks and E&P stocks, overall market saw price gains especially Cement, Steel, O&GMCs, Refineries and Power Sectors. Among scrips, ANL topped the volumes with 32 million shares, followed by TRG (27.6 million) and BYCO (27.4 million).

Sectors contributing to the performance include Cement (+55 points), Engineering (+26 points), O&GMCs (+24 points), Power (+20 points) and Autos (+17 points).

Volumes increased from 399.1 million shares to 403.7 million shares (+0.7 percent DoD). Average traded value also increased by 2 percent to reach US$ 149.6 million as against US$ 146.2 million.

Stocks that contributed significantly to the volumes include ANL, TRG, BYCO, PRL and ASL, which formed 32 percent of total volumes.

Stocks that contributed positively to the index include MCB (+23 points), INIL (+21 points), DAWH (+16 points), MEBL (+16 points) and SNGP (+15 points). Stocks that contributed negatively include HBL (-35 points), UBL (-20 points), PPL (-7 points), POL (-6 points) and SCBPL (-6 points).

KARACHI: The stock market rebounded with 370 points on Tuesday after facing fall during past sessions.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,964 points as against last day’s closing of 45,593 points, showing an increase of 370 points.

Analysts at Arif Habib Limited said that the market bounced back today prior to the Senate elections, which hold importance for the incumbent government.

Post announcement of majority of the financial results for the outgoing quarter, Investors have been booking profits on long held positions.

However, prospects of release of Funds on account of circular debt resolution prompted investors to take positions in energy chain (O&GMCs and Power).

 Buying activity was also observed in Banks, Steel, Refinery and Textile sector.

Among scrips, TRG led the volumes with 38.2 million shares, followed by ANL (31.3 million) and ASL (29.5 million).

Sectors contributing to the performance include Banks (+109 points), Technology (+65 points), Power (+56 points), O&GMCs (+53 points) and Textile (+29 points).

Volumes increased from 368.3 million shares to 399.2 million shares (+8 percent DoD). Average traded value also increased by 25 percent to reach US$ 145.5 million as against US$ 116.5 million.

Stocks that contributed significantly to the volumes include TRG, ANL, ASL, BYCO and GGL, which formed 36 percent of total volumes.

Stocks that contributed positively to the index include TRG (+66 points), HUBC (+32 points), PSO (+31 points), HBL (+30 points) and BAFL (+27 points). Stocks that contributed negatively include LUCK (-28 points), DAWH (-15 points), EPCL (-9 points), POL (-9 points) and HMB (-8 points).