Tag: KSE-100

KARACHI: The stock market slipped by 49 points on Monday in mixed trading activities during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,605 points as against 45,654 points showing a decline of 49 points.

Analysts at Arif Habib Limited said that the benchmark KSE-100 index crossed another milestone of 46,000 today by posting a total increase of 455 points, however, profit booking eroded all the gains and the index saw decline of 49 points as well.

International crude oil prices remained range bound that caused the lackluster activity in E&P stocks.

Similarly, profit booking in Banks and O&GMCs contributed to the attrition in Index.

Fertilizer sector stocks inched up on the expectation of an increase in Urea prices, however, profit booking kept the rise in check.

During the session, SBP Governor hinted successful resumption of IMF program that helped built positive investor sentiment.

Among scrips, SILK topped the volumes with 69.9 million shares, followed by HUMNL (63.9 million) and BYCO (61.5 million).

Sectors contributing to the performance include Banks (-49 points), Technology (-24 points), Textile (-20 points), E&P (-14 points), Power (+50 points), Pharma (+45 points) and Chemical (+14 points).

Volumes declined from 696.4 million shares to 588.0 million shares (-16 percent DoD). Average traded value also dipped by 18 percent to reach US$ 110.6 million as against US$ 135.1 million.

Stocks that contributed significantly to the volumes include SILK, HUMNL, BYCO, BOP and PRL, which formed 41 percent of total volumes.

Stocks that contributed positively to the index include SEARL (+44 points), KAPCO (+31 points), COLG (+24 points), HUBC (+18 points) and BAHL (+11 points). Stocks that contributed negatively include UBL (-26 points), MEBL (-22 points), PPL (-17 points), TRG (-15 points) and MCB (-13 points).

The Pakistan stock market is anticipated to continue its bullish trend in the upcoming week, spurred by promising advancements on the COVID-19 vaccine front and its gradual rollout globally, which are expected to maintain strong investor interest in equities.

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KARACHI: The stock market gained 310 points on Friday owing to improvement in economic indicators, especially in monthly exports growth that is the highest since September 2013.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,654 points as against previous day’s closing of 45,344 points, showing an increase of 310 points.

Analysts at Arif Habib Limited said that improvement in leading macro indicators such as growth in exports (highest monthly number since Sep 2013) as well as consistent increase in SBP forex reserves had the investors maintain an upbeat sentiment, especially on the banking sector stocks, which were relatively laggard in the previous Bull Run.

Banking sector stocks contributed the most to the Index in terms of points, however, selling pressure was observed in O&GMCs (among which, PSO saw the most attrition in the MoC).

Among textile, ILP performed well on the back of announcement of textile policy in the coming week. Scrips that led the volumes include BYCO (163.4 million shares), followed by HUMNL (44.8 million) and PRL (37.9 million).

Sectors contributing to the performance include Banks (+160 points), Engineering (+25 points), E&P (+21 points), Textile (+21 points) and Fertilizer (+21 points).

Volumes increased from 641.4 million shares to 696.4 million shares (+8 percent DoD). Average traded value however declined by 15 percent to reach US$ 135.1 million as against US$ 159.5 million.

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

Stocks that contributed positively to the index include UBL (+49 points), MCB (+38 points), OGDC (+26 points), BAHL (+25 points) and HBL (+21 points). Stocks that contributed negatively include FFC (-17 points), PSO (-15 points), MARI (-11 points), KOHC (-6 points) and UNITY (-5 points).

KARACHI: The stock market gained 191 points on Thursday amid to selling pressure prevailed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,345 points as against previous day’s close of 45,153 points showing an increase of 191 points.

Analysts at Arif Habib Limited said that the market added a total of 466 points during the session, where the initial start was very fast paced, although profit booking in rest of the session brought the index down.

Profit booking was witnessed in E&P, Cement, Steel and O&GMCs sectors, whereas aggressive buying was witnessed in Banks and Fertilizer sectors.

Developing situation with respect to Quetta incident and laggard approach by the government to meet the protestors’ demands caused concern among investors.

News of removal of Additional Custom Duty on 152 tariff lines, also helped Textile and related chemical sector stocks to perform, however, profit booking brought the rates down by the end of session.

Among scrips, BYCO topped the volumes with 94.8 million shares, followed by POWER (34.2 million) and KAPCO (31.6 million).

Sectors contributing to the performance include Banks (+177 points), Fertilizer (+100 points), Inv Banks (+12 points), O&GMCs (-51 points), Cement (-34 points) and E&P (-26 points).

Volumes declined slightly from 664.5 million shares to 641.4 million shares (-4 percent DoD). Average traded value, on the contrary, increased by 3 percent to reach US$ 159.5 million as against US$ 154.3 million.

Stocks that contributed significantly to the volumes include BYCO, POWER, KAPCO, PRL and PAEL, which formed 33 percent of total volumes.

Stocks that contributed positively to the index include UBL (+88 points), HBL (+44 points), FFC (+37 points), EFERT (+29 points) and ENGRO (+27 points). Stocks that contributed negatively include PSO (-41 points), PPL (-29 points), OGDC (-19 points), LUCK (-18 points) and ANL (-17 points).

KARACHI: The stock market gained 503 points on Wednesday amid buying was witnessed across the board.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,153 points as against 44,650 points showing an increase of 503 points.

Analysts at Arif Habib Limited said that buying activity was observed across the board with E&P and O&GMCs rebounding strongly and supported by Cement and Fertilizer sectors, which showed good progress yesterday as well.

International crude oil prices jumped significantly on the conclusion of agreement among OPEC+ countries that became the reason for performance of E&P stocks.

Cement sector leaped on the expectation of an increase in cement price / bag in North region.

Banking sector also contributed on the anticipation of annual results. Among scrips, BYCO led the table with 97.5 million shares, followed by PRL (87.2 million) and KAPCO (31 million).

Sectors contributing to the performance include Banks (+118 points), E&P (+101 points), Cement (+62 points), Inv Banks (+59 points) and O&GMCs (+30 points).

Volumes increased from 582.3 million shares to 664.5 million shares (+14 percent DoD). Average traded value increased by 2 percent to reach US$ 154 million as against US$ 151.2 million.

Stocks that contributed significantly to the volumes include BYCO, PRL, KAPCO, HASCOL and HUMNL, which formed 41 percent of total volumes.

Stocks that contributed positively to the index include MEBL (+63 points), DAWH (+54 points), POL (+48 points), LUCK (+37 points) and PAKT (+29 points). Stocks that contributed negatively include HUBC (-23 points), HGFA (-4 points), SCBPL (-3 points), AICL (-3 points) and SRVI (-2 points).

KARACHI: The stock market declined by 36 points on Tuesday amid selling pressure seen during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,650 points as against previous day’s close of 44,686 points showing a decline of 36 points.

Analysts at Arif Habib Limited said that the market saw selling pressure from the start of trading session, which was primarily caused by an overnight decline in crude oil prices as well as profit booking in Power, O&GMCs and Fertilizer sector stocks.

Cement and Steel sector stocks bounced back today after yesterday’s selling activity on the back of healthy growth in cement dispatches.

Chemical sector stocks also performed well on close of quarter and anticipation of posting better earnings.

Among scrips, HUMNL topped the volumes with 68.4 million shares, followed by PRL (58.1 million) and TRG (31 million).

Sectors contributing to the performance include E&P (-108 points), Power (-53 points), O&GMCs (-33 points), Fertilizer (-10 points) and Technology (+46 points).

Volumes increased from 540.8 million shares to 582.4 million shares (+8 percent DoD). Average trading value, on the contrary, declined by 9 percent to reach US$ 151 million as against US$ 166.3 million.

Stocks that contributed significantly to the volumes include HUMNL, PRL, TRG, PAEL and KAPCO, which formed 36 percent of total volumes.

Stocks that contributed positively to the index include TRG (+43 points), KAPCO (+25 points), HBL (+20 points), SEARL (+17 points) and MCB (+16 points). Stocks that contributed negatively include HUBC (-74 points), PPL (-55 points), OGDC (-41 points), PSO (-19 points) and POL (-12 points).

KARACHI: The share market gained 252 points on Monday owing to positive sentiments prevailed and the market witnessed buying activity.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,686 points as against 44,434 points showing an increase of 252 points.

Analysts at Arif Habib Limited said that the market opened on a positive note and carried the momentum shown on the last trading day, especially with reference to resolution of circular debt that resulted in strong buying in energy chain (HUBC, KAPCO, PSO).

E&P sector also saw continuation of buying interest, not only due to an increase in international crude oil prices (which jumped 2 percent during the session) as well as the expectation of release of stuck receivables for PPL and OGDC.

Cyclicals (Cement and Steel) saw slump in stock prices due to profit booking. Tech stocks also bore selling pressure on the latest circular from NCCPL for implementation of close out mechanism for Future Contracts, as Tech stocks composes the most of the open positions in Futures contracts.

Among scrips, PAEL topped the volumes with 27.3 million shares, followed by HUBC (25.3 million) and HASCOL (24.9 million).

Sectors contributing to the performance include E&P (+163 points), Power (+127 points), O&GMCs (+96 points), Banks (++77 points) and Textile (+30 points).

Volumes increased from declined from 642.6 million shares to 540.6 million shares (-16 percent DoD). Average traded value also declined by 2 percent to reach US$ 166.6 million as against US$ 170.7 million.

Stocks that contributed significantly to the volumes include PAEL, HUBC, HASCOL, WTL and TRG, which formed 23 percent of total volumes.

Stocks that contributed positively to the index include HUBC (+104 points), PSO (+79 points), PPL (+78 points), OGDC (+63 points) and MCB (+31 points). Stocks that contributed negatively include TRG (-60 points), SYS (-33 points), LUCK (-31 points), DGKC (-21 points) and ENGRO (-19 points).

KARACHI: The share market likely to move in green over million doses expected to be purchased from China within the ongoing quarter and subsequent distribution, dampening in COVID-19 concerns may fuel the market pack.

Analysts at Arif Habib Limited said that bull run energy stocks to roll over next week and keep interest in the bourse alive.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 7.6x (2021) compared to Asia Pac regional average of 15.9x and while offering DY of around 6.1 percent versus around 2.4 percent offered by the region.

While nervousness ruled market sentiment in the earlier part of the week with 3 cases of the new found coronavirus strain in Pakistan as well as profit taking by institutional investors, the equity bourse quickly posted a rebound amid extension in the Prime Ministers construction package to December 31, 2021.

We also highlight that potential partial resolution of the circular debt with installment due to IPP’s within Jan’21 aided market momentum. That said, the benchmark KSE-100 index breached the 44k level and closed at 44,435 points, up by 2.34 percent / 1018 points.

Sector-wise positive contributions came from i) Banks (342 points), ii) Fertilizers (231 points), and iii) Oil & Gas Exploration (202 points) while Power Generation & Distribution declined 37 points. Scrip-wise positive contributions were led by OGDC (112 points), FFC (95 points), MEBL (68 points), ENGRO (64 points), and PSO (63 points). HUBC and KOHC led the negative contributions, declining 43 and 15 points respectively.

Foreign selling continued this week clocking-in at USD 46.22 million compared to a net sell of USD 20.44 million last week.

Selling was witnessed in All other sectors (USD 46.14 million) and Technology (USD 0.95 million). On the domestic front, major buying was reported by Companies (USD 41.09 million and Individual (USD 20.04 million).

That said, average daily volumes and traded value for the outgoing week were up by 4 percent and 3 percent to 528 million shares and USD 142 million, respectively.

KARACHI: The share market on Friday welcomed the New Year with a bull run by gaining 678 points on the back of date extension to an amnesty for construction industry and hopes of resolution of debt circular.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44.435 points as compared with previous day’s close of 43,755 points, showing an increase of 678 points.

Analysts at Topline Securities said that bulls dominated the benchmark KSE-100 index on first trading session of the year, as the index gained to make an intraday high of 1,119 points.

This positivity in the market can be attributed to sources that suggested that IPPs and government have in principle come to an agreement to clear outstanding backlog of circular debt.

Resultantly IPPs, E&Ps and Oil and Gas Marketing sector (all part of the energy chain) lead the rally in market.

Other analysts said that the market responded positively to the announcement of the government to extend the date for the amnesty up to June 30, 2021 for no question on investment made for housing projects.

Some intraday profit taking was observed during the latter part of second trading session, as the index finally settled at 44,435 level (up by 1.55 percent).

Major contribution to the index came from HUBC, OGDC, PPL, PSO and UBL, as they cumulatively contributed 465 points to the index. Traded volume and value for the day stood at 641 million shares and Rs.27.2 billion respectively. POWER was today`s volume lead with 35.8 million shares.

KARACHI: The stock market ended with a gain of 60 points on Thursday amid profit booking seen on the last day of the year 2020.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,755 points as against previous day’s close of 43,695 points showing an increase of 60 points.

Analysts at Arif Habib Limited said that the market opened on a positive note on the last trading day of CY20, adding a total of 195 points during the session and closing +96 points (unadjusted).

On an annual basis, the benchmark index returned around 7 percent and highest closing since 2016.

Institutional investors resorted to mark to market activity besides booking profit on positions taken earlier to improve half year and full year financial results.

Cement sector took cue from extension of Real Estate Amnesty Scheme by the Prime Minister, which would eventually help Cement and Steel Sector listed companies.

Among scrips, PRL topped the volumes with 41.4 million shares, followed by SILK (38.5 million) and FFBL (36.7 million).

Sectors contributing to the performance include Cement (+61 points), Power (+39 points), Fertilizer (+12 points), Banks (-18 points) and Insurance (-9 points).

Volumes increased from 455.9 million shares to 578.2 million shares (+27 percent DoD). Average traded value also increased by 5 percent to reach US$ 148.8 million as against US$ 141.8 million.

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

Stocks that contributed positively to the index include HUBC (+37 points), UBL (+18 points), LUCK (+16 points), MLCF (+16 points) and MCB (+15 points). Stocks that contributed negatively include BAHL (-28 points), MEBL (-18 points), NESTLE (-9 points), ENGRO (-8 points) and PSO (-7 points).