Tag: KSE-100

KARACHI: The Pakistan stocks witnessed a robust surge on Wednesday, with the benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gaining 353 points to close at 46,933 points. This positive movement was fueled by strong contributions from key sectors of the economy.

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KARACHI: The share market gained 332 points on Tuesday following positive sentiments on initiation of agreement between HUBCO and Central Power Purchasing Agency.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 46,580 points as against previous day’s closing of 46,248 points showing an increase of 332 points.

Analysts at Arif Habib Limited said that signing of IPP’s agreement by HUBCO motivated the Investors to take positions in PSO and HUBCO, resulting in HUBCO driving the market with an overall increase of 394 points during the session.

Similarly, overnight increase in crude oil prices by 3.5 percent caused the E&P sector stocks to react late but assertively contributed to the upsurge in Index.

PSO made a new high on the back of closure of deal with IPPs, which opens the door for resolution of circular debt to O&GMCs.

Banking, Refinery and Cement sector stocks saw profit booking that brought the index in the closing session to a net increase of 332 points (unadjusted).

Among scrips, HASCOL led the table with 43.9 million shares, followed by KEL (34.2 million) and PIBTL (22.5 million).  

Sectors contributing to the performance include E&P (+101 points), Power (+88 points), O&GMCs (+61 points), Banks (+34 points) and Pharma (+30 points).

Volumes declined further from 693.6 million shares to 468.1 million shares (-33 percent DoD). Average traded value also dipped by 24 percent to reach US$ 145.2 million as against US$ 190.6 million.

Stocks that contributed significantly to the volumes include HASCOL, KEL, PIBTL, TELE and PRL, which formed 30 percent of total volumes.

Stocks that contributed positively to the index include HUBC (+87 points), PSO (+65 points), OGDC (+39 points), POL (+36 points) and MCB (+27 points). Stocks that contributed negatively include HBL (-21 points), HASCOL (-12 points), INIL (-11 points), MEBL (-8 points) and DGKC (-5 points).

KARACHI: The stock market slipped by 137 points on Monday owing to profit booking during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 46,248 points as last Friday’s closing against 46,385 points showing a decline of 137 points.

Analysts at Arif Habib Limited said that the market retested a high towards 47k level today and again met profit booking around 46,700 level, bringing down the Index by 137 points.

During the session, the index oscillated +377 points and -197 points. Refinery, Fertilizer and Chemical sectors remained in the limelight, with buying activity, whereas Banks, E&P, O&GMCs and Cement sector stocks saw profit booking.

Cement sector contributed to the initial surge in Index; however, selling pressure brought the stock prices below respective LDCPs. Among scrips, PRL topped the volumes with 81.5 million shares, followed by KEL (65.1 million) and PIBTL (62 million).  

Sectors contributing to the performance include Cement (-85 points), Banks (-74 points), Technology (-51 points), Engineering (-24 points), O&GMCs (-18 points), Fertilizer (+36 points) and Autos (+27 points).

Volumes declined from 840.2 million shares to 693.6 million shares (-18 percent DoD). Average traded value also declined by 6 percent to reach US$ 190.6 million as against US$ 203.4 million.

Stocks that contributed significantly to the volumes include PRL, KEL, PIBTL, HASCOL and TRG, which formed 40 percent of total volumes.

Stocks that contributed positively to the index include ENGRO (+38 points), MTL (+18 points), SEARL (+17 points), ATRL (+14 points) and MARI (+14 points). Stocks that contributed negatively include TRG (-58 points), LUCK (-46 points), UBL (-19 points), HBL (-16 points) and ANL (-15 points).

KARACHI: The stock market may move in green owing to ongoing result season, whereby corporate profitability appears strong.

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KARACHI: The share market gained 220 points on Friday as investors were remained positive on the economy.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 46,386 points as against previous day’s closing 46,166 points showing an increase of 220 points.

Analysts at Arif Habib Limited said that the market ramped another 491 points during the session, closing +220 points.

Profit booking during the later half of the session brought the index down however, investor sentiment remained bullish.

Cement sector performed well today, which was on the back of anticipation of better results in the outgoing quarter as well as growth in dispatches.

Power sector saw KEL leading the volumes with the hint of resolution of dispute between SSGC and KEL.

Among OMCs, PSO led the pack despite deferment of ECC decision on OMC dealer margins. Expectation of quarterly results largely drove the sentiments today, which was the last day of the rollover week as well.

Among scrips, KEL topped the volumes with 141.5 million shares, followed by SILK (80.5 million) and PRL (62.8 million).  

Sectors contributing to the performance include Technology (+67 points), Cement (+61 points), Power (+32 points), Inv Banks (+25 points) and Pharma (+25 points).

Volumes maintained a plateau as yesterday by posting 840 million shares as against 844 million (-0.4 percent DoD).

Average traded value however, increased by 24 percent DoD to reach US$ 203.6 million as against US$ 163.8 million.

Stocks that contributed significantly to the volumes include KEL, SILK, PRL, UNITY and BYCO, which formed 42 percent of total volumes.

Stocks that contributed positively to the index include TRG (+75 points), DGKC (+26 points), DAWH (+24 points), PAKT (+20 points) and INIL (+20 points). Stocks that contributed negatively include MCB (-24 points), FFC (-21 points), HMB (-14 points), UBL (-13 points) and POL (-11 points).

KARACHI: The share market witnessed a decline of 292 points on Thursday in profit taking activities.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 46,166 points as against previous day’s closing of 46,458 points, showing a decline of 292 points.

Analysts at Arif Habib Limited said that after posting a high of 46,645 during the session (+187 points), market saw profit booking again, which brought the Index down by 347 points, closing the session -292 points.

Cement and Banking sector stocks showed buying activity and healthy price performance, whereas selling pressure was evident in E&P, O&GMCs, Technology and Fertilizer sectors that eroded the gains earlier seen in the Index.

Among Power sector, HUBC performed well in anticipation of change in the formula for resolution of circular debt. Banking sector stocks saw renewed interest, especially after Fauji Foundation’s intention to acquire SILK Bank through notification on the Exchange that also resulted in SILK posting highest trading volumes.

Among scrips, SILK topped the volumes with 354.7 million shares, followed by KEL (31.2 million) and TRG (27.7 million).  

Sectors contributing to the performance include Cement (+48 points), Engineering (+21 points), Technology (-90 points), E&P (-67 points), Fertilizer (-55 points), O&GMCs (-41 points) and Inv Banks (-36 points).

Volumes increased from 610.9 million shares to 844 million shares (+38 percent DoD). Average traded value however, declined by 10 percent to reach US$ 163.6 million as against 180.9 million.

Stocks that contributed significantly to the volumes include SILK, KEL, TRG, ASL and FCCL, which formed 55 percent of total volumes.

Stocks that contributed positively to the index include LUCK (+30 points), UBL (+21 points), HBL (+17 points), ISL (+15 points) and AKBL (+10 points). Stocks that contributed negatively include TRG (-61 points), FFC (-36 points), DAWH (-33 points), MCB (-29 points) and SYS (-28 points).

KARACHI: The stock market closed on Wednesday with a gain of 171 points in mixed trading activities during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 46,458 points as against 46,287 points showing an increase of 171.

Analysts at Arif Habib Limited said that the key decisions to be taken at today’s ECC Meeting kept the interest alive at the bourse with PSO contributing positively to the index, supported by a surge in Cement sector stocks.

Technology stocks continued uptrend in today’s session, which helped the index post decent gains.

Overall, the index went up by 411 points during the session, but profit booking in E&P and Banks brought the net gain to 171 points by the end of session.

Rollover activity has been smoothly transitioning from January to February Futures contract.

Similar positive interest is otherwise witnessed in the ongoing book building of Panther Tyres, which is indicative of strong investor sentiment.

Among scrips, ANL topped the volumes with 40.2 million shares, followed by PIBTL (39.6 million) and TRG (37 million).  

Sectors contributing to the performance include Technology (+84 points), Cement (+76 points), Pharma (+23 points), Fertilizer (+22 points) and E&P (+17 points).

Volumes increased from 603.2 million shares to 610.8 million shares (+1 percent DoD). Average traded value also increased by 8 percent to reach US$ 180.6 million as against US$ 166.9 million.

Stocks that contributed significantly to the volumes include ANL, PIBTL, TRG, HASCOL and FCCL, which formed 30 percent of total volumes.

Stocks that contributed positively to the index include TRG (+80 points), MARI (+25 points), FFC (+23 points), LUCK (+22 points) and FCCL (+20 points). Stocks that contributed negatively include BAHL (-34 points), COLG (-17 points), UBL (-13 points), PPL (-11 points) and PAKT (-10 points).

KARACHI: The stock market gained 200 points on Tuesday owing to enhanced trading activity seen in cement and energy sectors.

The benchmark KSE-100 of Pakistan Stock Exchange (PSX) closed at 46,287 points as against 46,088 points showing an increase of 200 points.

Analysts at Arif Habib Limited said that the market continued the buoyant mood with an increase of 310 points during the session, and ending 200 points.

Cement sector performed well today on the back of an expectation of increase in Cement price / bag.

Similarly, E&P and O&GMCs performed due to an uptick in international crude price as well as a pending decision over revision of OMCs dealer margins, which is expected to be taken in tomorrow’s ECC meeting.

Fertilizer Sector also performed due to recent price hike in DAP prices. Tech stocks continued rallying today, which helped the Index post consistent gains.

Among scrips, JSBL led the volumes with 65.3 million shares, followed by TRG (36.2 million) and FFBL (36 million).  

Sectors contributing to the performance include Cement (+94 points), Technology (+43 points), O&GMCs (+35 points), Chemical (+30 points) and E&P (+22 points).

Volumes increased from 470.1 million shares to 603.2 million shares (+28 percent DoD). Average traded value also increased by 27 percent to reach US$ 166.8 million as against US$ 131 million.

Stocks that contributed significantly to the volumes include JSBL, TRG, FFBL, HASCOL and UNITY, which formed 33 percent of total volumes.

Stocks that contributed positively to the index include TRG (+37 points), PSO (+26 points), PIOC (+22 points), LUCK (+21 points) and POL (+17 points). Stocks that contributed negatively include DAWH (-15 points), AGP (-12 points), UBL (-10 points), FFBL (-9 points) and BAFL (-9 points).

KARACHI: The stock market is likely to stay in green during the next week owing to the central bank decision to keep policy rate intact at 7 percent.

Analysts at Arif Habib Limited hoped that the market to trade in green due to

i) Central bank keeping policy rate unchanged while also hinting at status quo stance in the near term, which is positive for the stock market,

ii) encouraging SBP projections as current account deficit is expected to remain below 1 percent of GDP for FY21,

iii) slowdown in Covid-19 infection ratio, and

iv) stable PKR/USD parity.

However, once again bears took charge and negative sentiments were fueled by

i) announcement of current account deficit after five months,

ii) likely increase in electricity tariff by PKR 1.95/KwH (notification awaited), and

iii) CCoE’s proposal to discontinue natural gas supply for captive power generation. Our preferred stocks are OGDC, HUBC, HBL, MCB, FFC, LUCK, ACPL, PSO, ENGRO, MCB, INDU, UBL, and NML.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 7.7x (2021) compared to Asia Pac regional average of 17.7x while offering a dividend yield of ~6.4 percent versus ~2.6 percent offered by the region.

This week trading commenced on a negative note due to

i) worsening gas supply situation in the country which might result in suspension of gas supply to industries,

ii) decline in international crude prices (negative sentiment in E&P sector), and

iii) rising political pressure as PDM wanted to protest in front of Election Commission of Pakistan to probe foreign funding case.

However, the index displayed a rebound on the next trading day and recovered lost points.

However, once again bears took charge and negative sentiments were fueled by

i) current account deficit after five months,

ii) government increased electricity tariff by PKR 1.95, and

iii) CCoE approves Petroleum Division’s proposal for discontinuation of natural gas supply for captive power generation.

The KSE-100 index closed at 45,868 points, down by 63 points or 0.14 percent WoW.

Contribution to the downside was led by

i) Oil and Gas Exploration Companies (143 points),

ii) Fertilizer (43 points),

iii) Oil and Gas Marketing (33 points),

iv) Automobile Assembler (25 points), and

v) Pharmaceuticals (16 points). Scrip-wise major losers were PPL (65 points), OGDC (59 points), POL (59 points), ENGRO (31 points), and MCB (22 points).

Whereas, scrip-wise major gainers were TRG (110 points), MARI (41 points), BAHL (34 points), KTML (29 points) and ICI (26 points).

Foreigners accumulated stocks worth USD 5.51 million compared to a net sell of USD 2.10 million last week. Major buying was witnessed in Technology and Communication (USD 3.24 million) and Power Generation and Distribution (USD 2.43 million).

On the local front, selling was reported by Mutual Funds (USD 19.90 million) followed by Broker Proprietary Trading (USD 7.46 million).

That said, average daily volumes and traded value for the outgoing week were down by 25 percent and 9 percent to 510 million shares and USD 118 million, respectively.