Tag: KSE-100

KARACHI: The stock market fell by 47 points on Tuesday owing to mixed trading activities during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 46,675 points as against previous day’s closing of 46,722 points showing a decline of 47 points.

Analysts at Arif Habib Limited said that anticipation of better quarterly results as well as continued Bull Run in international crude oil prices boosted investor confidence to take new positions in O&GMCs, E&P and refinery sectors.

Banking sector stocks remained under selling pressure following the downtrend witnessed in the recent sessions. Power and Refinery sectors also performed well on the expectation of finalization of OMC Policy by the government.

Among scrips, TELE realized trading volume of 62.8 million shares, followed by PRL (43.1 million) and HASCOL (39.7 million).  

Sectors contributing to the performance include Banks (-79 points), Pharma (23 points), Textile (-20 points), E&P (+44 points) and O&GMCs (+22 points).

Volumes increased from 428.6 million shares as against 664.0 million shares (+55 percent DoD). Average traded value also increased by 28 percent to reach US$ 178.1 million as against US$ 139.2 million.

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

Stocks that contributed positively to the index include POL (+22 points), PSO (+20 points), KAPCO (+15 points), MEBL (+15 points) and ATRL (+14 points). Stocks that contributed negatively include UBL (-30 points), HBL (-26 points), MCB (-24 points), ENGRO (-13 points) and FCEPL (-12 points).

KARACHI: The share market witnessed a decline of 184 points on Monday as profit booking was seen across the board.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 46,721 points as against 46,906 points showing a decline of 184 points.

Analysts at Arif Habib Limited said that the market saw selling pressure at the beginning of the week, which was also observed in the last trading session when Index crossed 47,000 level.

Profit booking was observed across the board, especially in Banks, E&P, Cement and Fertilizer sectors that kept any increase in index in check.

The Index swayed positively by 168 points earlier in the session, however, ended the session -184 points.

Conclusion of IPPs agreeing with the Government on power tariff as well resolution of circular debt helped Power, Refinery and O&GMCs sectors to contribute positively to the Index.

Similarly, Tech stocks performed well today with TRG closing upper circuit. Among scrips, WTL topped the volumes with 52.9 million shares, followed by TELE (35.6 million) and TRG (33.1 million).  

Sectors contributing to the performance include Fertilizer (-101 points), Cement (-53 points), Banks (-53 points), Chemical (-27 points) and Inv Banks (-22 points).

Volumes declined from 440.2 million shares to 428.6 million shares (-3 percent DoD). Average traded value also declined by 16 percent to reach US$ 139.0 million as against US$ 165.5 million.

Stocks that contributed significantly to the volumes include WTL, TELE, TRG, HASCOL and PRL, which formed 39 percent of total volumes.

Stocks that contributed positively to the index include TRG (+91 points), POL (+29 points), MARI (+16 points), SYS (+9 points) and OGDC (+8 points). Stocks that contributed negatively include ENGRO (-44 points), FFC (-26 points), HBL (-22 points), DAWH (-20 points) and EFERT (-19 points).

KARACHI: The stock market likely to stay green during next week as the country recorded a decline in infection rate of COVID cases.

Analysts at Arif Habib Limited said that the market to continue trading in the green. COVID cases have seen a further decline with infection ratios coming down to below 4 percent this week.

Cyclicals are expected to continue being in the limelight while recent rise in oil prices may continue to attract attention in E&P scrips.

The benchmark KSE-100 index of Pakistan Stock Exchange is currently trading at a PER of 7.6x (2021) compared to Asia Pac regional average of 17.1x and while offering DY of 6.3 percent versus 2.6 percent offered by the region.

The domestic bourse continued its ascent this week, closing at 46,906 points (+520 points WoW), a ~3.5-Yr high. Rally in the equity market has continued with investors celebrating the start of the vaccination drive across the country. Moreover, with the onset of the result season, corporate earnings are showing and are expected to continue showing a strong momentum particularly amongst cyclicals.

This week agreements were also initiated between IPPs and CPPAG attracting bulls once again to the power sector while jump in oil prices (Arab Light is up 4.6 percent WoW) kept E&P scrips in the green as well.

Sector-wise positive contributions came from

i) Oil & Gas Exploration Companies (334 points),

ii) Power Generation & Distribution (101 points), and

iii) Fertiliser (90 points).

 Whereas sectors that contributed negatively included: Technology and Communication (94 points), Engineering (59 points) and Commercial Banks (45 points).

Top scrip-wise contributors were MARI (147 points), OGDC (93 points), and HUBC (78 points) while laggards included TRG (130 points), HBL (46 points), and INIL (38 points).

Foreign selling continued this week clocking-in at USD 2.7 million compared to a net sell of USD 9.1 million last week. Selling was witnessed in Cements (USD 2.0 million) and technology and Communication (USD 0.5 million).

 On the domestic front, major buying was reported by Individuals (USD 9.5 million and Companies (USD 6.6 million). Average volumes arrived at 554 million shares (down by 18 percent WoW) while average value traded settled at USD 171 million (up by 1.2 percent WoW).

KARACHI: The stock market fell by nominal 28 points on Thursday owing to profit taking as investors preferred profit booking considering long weekend.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 46,905 points as against previous day’s closing of 46,933 points, showing a slight decline of 28 points.

Analysts at Arif Habib Limited said that last trading session of the short trading week made yet another new high of 47,339 points with E&P, O&GMCs, Banks and Cement sectors contributing to the upsurge.

Being a long weekend ahead, Investors preferred booking profit than holding the positions to meet an unforeseen event over the weekend.

Resultantly, the index eroded the gains of 406 points made during the session to close the session -28 points. Banking sectors saw almost across the board slide, whereas Engineering (Steel) sector also saw regression. Among scrips, PRL realized trading volumes of 34.4 million shares, followed by TRG (30.3 million) and KEL (18.6 million).  

Sectors contributing to the performance include E&P (+119 points), Fertilizer (+21 points), Banks (-37 points), Pharma (-34 points), and Technology (-29 points).

Volumes declined from 616.3 million shares to 440.3 million shares (-29 percent DoD). Average traded value also declined by 11 percent to reach US$ 165.1 million as against US$ 184.2 million.

Stocks that contributed significantly to the volumes include PRL, TRG, KEL, PIBTL and HASCOL, which formed 26 percent of total volumes.

Stocks that contributed positively to the index include MARI (+70 points), OGDC (+42 points), LUCK (+29 points), SYS (+18 points) and ENGRO (+16 points). Stocks that contributed negatively include TRG (-47 points), AGP (-19 points), MCB (-16 points), PAKT (-14 points) and MLCF (-14 points).

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).