Tag: KSE-100

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).

KARACHI: The stock market ended down by 272 points on Monday as selling pressure witnessed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,593 points as against last Friday’s closing of 45,865 points, showing a decline of 272 points.

Analysts at Arif Habib Limited said that the market saw a major draw down today by losing 772 points during the session.

Initially, the index gained 144 points, however, across the board selling pressure brought the index down. Supreme Court’s decision on Senate Election was viewed against the back drop of Govt.’s plea and concerned investors to keep the liquidity intact rather than hold on to positions.

TRG announced financial results today, which saw profit booking that brought the stock below LDCP. Among the few stocks that traded positive include STCL, MUGHAL, ATRL, NRL. Last half an hour saw brisk buying with index closing -255 points (unadjusted). Among scrips, ANL topped the volumes with 31.7 million shares, followed by TRG (24.6 million) and UNITY (21.1 million).

Sectors contributing to the performance include Banks (-103 points), Textile (-27 points), Pharma (-26 points), Power (-23 points), Technology (-19 points) and Chemical (+22 points).

Volumes declined from 479.9 million shares to 368.3 million shares (-23 percent DoD). Average traded value also declined by 29 percent to reach US$ 116.4 million as against US$ 162.8 million.

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

Stocks that contributed positively to the index include EPCL (+18 points), COLG (+12 points), PAKT (+9 points), LUCK (+8 points) and ANL (+6 points). Stocks that contributed negatively include UBL (-39 points), HBL (-32 points), BAHL (-18 points), PSO (-13 points) and MARI (-12 points).

KARACHI: The stock market likely to trade in green as clouds of FATF-led uncertainty have dispersed besides ceasefire at Line of Control (LOC) may further boost investors’ sentiments.

Analysts at Arif Habib Limited said that the market to remain positive in the upcoming weeks as clouds of FATF-led uncertainty have dispersed and with only 3 action plans to be addressed, the likelihood of Pakistan exiting the Grey list in June 2021 are very bright.

Moreover, ceasefire across the line of control (LOC) with India is a massive feat on the political front and will further aid stability in the regional climate.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 7.2x (2021) compared to Asia Pac regional average of 17.1x and while offering DY of ~6.8 percent versus ~2.5 percent offered by the region.

The index remained under pressure this week in anticipation of FATF’s plenary meeting (scheduled 22nd to 25th February 2021), whereby Pakistan retained its status in the Grey List and has until June 2021 to meet 3 of the 27 initial action points.

Albeit, a relief rally was witnessed on Thursday as valuations opened up and robust dividend announcement from UBL lured bulls. Moreover, another CAD was posted in January 2021 at USD 229 million in January 2021 vs. USD 652 million in December 2020 while FDI for 7MFY21 underwent a 27 percent dip YoY to USD 1.145 billion compared to USD 1.577 billion in SPLY.

That said, the benchmark KSE-100 closed at 45,865 points, down by 0.8 percent or 363 points.

Sector-wise negative contributions came from i) Oil & Gas Exploration Companies (107 points), ii) Commercial Banks (105 points), and iii) Oil & Gas Marketing Companies (78 points). Whereas sectors that contributed positively include i) Cement (119 points), ii) Technology (53 points), and iii) Textile weaving (7 points). Scrip-wise negative contributors were OGDC (92 points), PSO (42 points) and NBP (41 points) while positive contributors included LUCK (160 points), TRG (56 points) and MEBL (28 points).

Foreign buying this week clocking-in at USD 0.3 million compared to a net sell of USD 0.6 million last week. Buying was witnessed in Cement (USD 2.6 million) and Technology and Communication (USD 2.2 million). On the domestic front, major selling was reported by Broker Proprietary Trading (USD 10.7 million and Mutual Fund (USD 4.9 million). Average volumes arrived at 589 million shares (down by 1 percent WoW) while average value traded settled at USD 159 million (up by 0.01 percent WoW).

KARACHI: The stock market fell by 101 points on Friday after trading in range bound activity during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,865 points as against last day’s closing of 45,966 points showing a decline of 101 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range today, oscillating between -213 points and +274 points.

FATF’s decision to maintain status quo for Pakistan till June 2021 saw a lukewarm welcome from Investors.

Profit booking was witnessed almost across the board, including Technology, Cement and Textile sector stocks, whereas O&GMCs faced aggressive selling, especially PSO, which has been facing wrath since announcement of financial results.

Cement sector stocks rallied earlier in the session on the back of anticipation of healthy sales in the ongoing month, however, profit booking by the end of session brought stock prices below LDCP (barring LUCK, which showed decent price gain).

Among scrips, UNITY realized trading volumes of 44.5 million shares, followed by TELE (36.6 million) and TRG (33 million).

Sectors contributing to the performance include E&P (-56 points), Technology (-33 points), Chemical (-31 points), Autos (-24 points), O&GMCs (-20 points) and Cement (+48 points).

Volumes increased from 468.9 million shares to 479.9 million shares (+2 percent DoD). Average traded value also increased by 11 percent to reach US$ 162.8 million as against US$ 147.1 million.

Stocks that contributed significantly to the volumes include UNITY, TELE, TRG, BYCO and HUMNL, which formed 33 percent of total volumes.

Stocks that contributed positively to the index include LUCK (+57 points), HBL (+34 points), SEARL (+21 points), FFC (+18 points) and ANL (+16 points). Stocks that contributed negatively include OGDC (-54 points), TRG (-45 points), COLG (-30 points), NML (-16 points) and NBP (-13 points).

KARACHI: The stock market gained 603 points on Thursday owing to positive sentiments prevailed over status of Pakistan in FATF grey list.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,965 points as against previous day’s closing of 45,362 points showing an increase of 603 points.

Analysts at Arif Habib Limited said that the market took the cue from UBL’s financial results (with a declaration of Rs. 9.5/share dividend), which were announced in the pre-open session and added a total of 642 points during the session.

Besides, anticipation of FATF’s decision on Pakistan status on grey list helped the index move up.

Sentiment remained buoyed throughout the session and price gains were observed across the board. Among scrips, TELE led the table with 35.8 million shares, followed by BYCO (34.5 million) and UNITY (33 million).

Sectors contributing to the performance include Banks (+160 points), Cement (+145 points), Technology (+95 points), Fertilizer (+42 points) and Power (+41 points).

Volumes declined from 557.5 million shares to 469.0 million shares (-16 percent DoD). Average traded value also dipped 12 percent to reach US$ 146.8 million as against US$ 16.6 million.

Stocks that contributed significantly to the volumes include TELE, BYCO, UNITY, KEL and TRG, which formed 35 percent of total volumes.

Stocks that contributed positively to the index include TRG (+96 points), LUCK (+87 points), UBL (+57 points), HBL (+50 points) and ENGRO (+27 points). Stocks that contributed negatively include MCB (-10 points), DAWH (-8 points), NML (-6 points), EFUG (-6 points) and PMPK (-5 points).