Tag: KSE-100

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell by 370 points on Wednesday as profit taking was witnessed during the day.

The index closed at 47,778 points from previous day’s closing of 48,148 points, showing a decline of 370 points,

Analysts at Topline Securities said that the equities closed negative.  After a slight positive opening profit taking has been witnessed at the bourse as Pakistan’s trade deficit widened by 20 percent to US$3.6 billion in May 2021 compared to US$3.0 billion in April 2021.  

E&Ps sector closed down 0.70 percent despite higher international oil prices. KAPCO down by 3.98 percent after announcing DPS of Rs5/share – lower than street expectation. Similarly TRG dented the KSE100 Index by 48 points.

Total traded volume and value for the day stood at 1,355 million shares and Rs23.18 billion, respectively. The volume leader for today’s session was WTL with 716.81 million shares exchanging hands.

KARACHI: The stock market witnessed a decline of 155 points on Tuesday mainly on selling pressure during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 48,148 points as against previous day’s closing of 48,303 points, showing a decline of 155 points.

Analysts at Arif Habib Limited said that the market slumped today while bearing selling pressure that began yesterday.

Increase in cement price / bag helped Cement stocks trade in green, whereas KAPCO saw price moving up on the notification of board meeting to consider interim dividend.

On the other hand, TRG contributed to downside in Index due to concerns over minimum global tax as envisaged by EU and US. Among scrips, WTL topped the volumes with 400 million shares, followed by BYCO (37.8 million) and HUMNL (35.1 million).

Sectors contributing to the performance include Technology (-72 points), O&GMCs (-41 points), Textile (-29 points), E&P (-19 points) and Refinery (-13 points).

Volumes increased from 936.1 million shares to 1,040.5 million shares (+11 percent DoD). Average traded value however declined by 14 percent to reach US$ 153.4 million as against US$ 177.7 million.

Stocks that contributed significantly to the volumes include WTL, BYCO, HUMNL, TPLP and PTC, which formed 52 percent of total volumes.

Stocks that contributed positively to the index include KAPCO (+29 points), HBL (+14 points), MCB (+12 points), DAWH (+12 points) and BAHL (+8 points). Stocks that contributed negatively include TRG (-74 points), PSO (-24 points), OGDC (-14 points), SNGP (-13 points) and KTML (-8 points).

KARACHI: The stock market witnessed a gain of 91 points on Monday amid heavy selling despite positive news flows related to budgetary measures.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 48,303 points as against last Friday’s closing of 48,212 points, showing an increase of 91 points.

Analysts at Arif Habib Limited said that the market saw heavy selling pressure today against all the positive news flow that came to fruition over the weekend, from possible reduction in CGT to duty reduction for Auto manufacturers and release of circular debt related payments to IPPs.

Reportedly, ISL increased steel prices today which helped the stock price gain during the session, however profit booking brought the price below LDCP by the closing. E&P, Refinery, O&GMCs, Technology stocks bore selling pressure.

KAPCO, which was the main beneficiary of release of circular debt related funds from the Government, could not stand firmly and selling pressure brought its price below LDCP briefly. Among scrips, HUMNL topped the volumes with 118 million shares, followed by WTL (80.5 million) and PTC (64.6 million).

Sectors contributing to the performance include Glass (+22 points), Fertilizer (+19 points), Textile (+18 points), Power (+14 points) and Cement (+12 points).

Volumes increased from 867.3 million shares to 936 million shares (+7 percent DoD). Average traded value also increased by 4 percent to reach US$ 178.3 million as against US$ 171.9 million.

Stocks that contributed significantly to the volumes include HUMNL, WTL, PTC, BYCO and TELE, which formed 37 percent of total volumes.

Stocks that contributed positively to the index include SYS (+27 points), GHGL (+22 points), KTML (+19 points), HUBC (+12 points) and PTC (+11 points). Stocks that contributed negatively include TRG (-25 points), PSO (-12 points), PPL (-10 points), NML (-9 points) and HBL (-9 points).

KARACHI: The stock market will likely remain positive during the next week with a view of a positive budget for the market, analysts said.

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KARACHI: The share market gained 118 points on Friday as positive sentiments were seen in auto sector. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 48,212 points as against previous day’s closing of 48,094 points, showing an increase of +118 points.

Analysts at Arif Habib Limited said that the market maintained positive momentum today with auto sector performing to its best and helped maintain bullish trend for the market.

Auto sector performed on the back of expectation of an increase in the number of auto sales.

Cement and Steel sector stocks rallied as well, helping put a total of +333 points and closed the session +118 points. E&P, O&GMCs and Fertilizer sector stocks also contributed to the positivity in the Index.

Technology sector saw NETSOL performing well, whereas other tech stocks bore selling pressure. Among scrips, WTL led the table with 89 million shares, followed by HASCOL (78.7 million) and BYCO (54.3 million).

Sectors contributing to the performance include Autos (+35 points), O&GMCs (++25 points), E&P (+23 points), Pharma (+23 points) and +14 points).

Volumes declined from 889.9 million shares as against 867.3 million (-3 percent DoD). Average traded value also declined by 16 percent to reach US$ 171.9 million as against US$ 204.5 million.

Stocks that contributed significantly to the volumes include WTL, HASCOL, BYCO, FCSC and PTC, which formed 35 percent of total volumes.

Stocks that contributed positively to the index include UBL (+16 points), GLAXO (+14 points), HCAR (+13 points), HASCOL (+12 points) and PSMC (+12 points). Stocks that contributed negatively include BAHL (-25 points), PSX (-11 points), MEBL (-9 points), KTML (-8 points) and COLG (-7 points).

KARACHI: The stock market fell by 33 points on Thursday owing to profit booking in major scripts during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 48,094 points as against previous day’s closing of 48,127 points, showing a decline of 33 points.

Analysts at Arif Habib Limited said that the market traded in the positive zone for most part of the session, however, profit booking in Cement, Banks, Textile and E&P sector brought the index down by 117 points, closing the session -33 points.

Among O&GMCs, PSO inched up on the expectation of release of funds, whereas Steel sector performed on the possibility of reduction of duties in the upcoming budget. Technology stocks saw activity in TRG and NETSOL.

Among volume leaders, WTL led with 134.6 million shares, followed by FNEL (48.1 million) and ICIBL (42.4 million).

Sectors contributing to the performance include Cement (-45 points), Banks (-35 points), Fertilizer (-26 points), Technology (+42 points) and O&GMCs (+19 points).

Volumes declined from 1,046 million as against 890 million shares (-15 percent DoD). Average traded value however, increased by 14 percent to reach US$ 205 million as against US$ 179 million.

Stocks that contributed significantly to the volumes include WTL, FNEL, ICIBL, TRG and HUMNL, which formed 32 percent of total volumes.

Stocks that contributed positively to the index include TRG (+44 points), MEBL (+23 points), PSO(+12 points), INIL (+10 points) and SEARL (+8 points). Stocks that contributed negatively include LUCK (-48 points), BAHL (-17 points), MTL (-16 points), ENGRO (-16 points) and UNITY (-15 points).

KARACHI: The stock market witnessed a decline of 64 points on Wednesday while trading in range bound trading during the day.

The Index closed at 48,127 points as against previous day’s closing of 48,191 points, showing a decline of 64 points.

Analysts at Arif Habib Limited said that the market traded range bound today, oscillating between +95 points and -231 points and closed the session -64 points.

E&P, Cement, Banks and Fertilizer sector stocks saw profit booking with the exception of KAPCO and PSO, on the back of an expectation of release of payment related to circular debt.

Persistent increase in coal prices over the past couple of weeks caused an eclipse in cement sector.

Among scrips, WTL led the table with 202.6 million shares, followed by BYCO (59.1 million) and PTC (36.2 million).

Sectors contributing to the performance include E&P (-50 points), Cement (-29 points), Banks (-25 points), Technology (-23 points) and Fertilizer (-11 points).

Volumes declined further from 1,392 million shares to 1,046 million shares (-25 percent DoD). Average traded value also declined by 9 percent to reach US$ 179.5 million as against US$ 197 million.

Stocks that contributed significantly to the volumes include WTL, BYCO, PTC, UNITY and ANL, which formed 35 percent of total volumes.

Stocks that contributed positively to the index include KAPCO (+15 points), NBP (+14 points), HCAR (+14 points), SHFA (+13 points) and UNITY (+13 points). Stocks that contributed negatively include HBL (-35 points), OGDC (-21 points), PPL (-10 points), LUCK (-16 points) and TRG (-14 points).

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 295 points on Tuesday on expectations of supportive measures to be announced in upcoming budget 2021/2022.

The 1ndex closed at 48,191 points as against previous day’s closing of 47,896 points, showing an increase 295 points.

Analysts at Arif Habib Limited said that the market remained upbeat today in anticipation of budgetary measures, which was further supported by an uptick in international crude prices courtesy of Brent that crossed US$ 70/bbl.

The index added a total of 341 points during the session.

O&GMCs and Power sector took turns on the back of release of payments due from the government on account of circular debt, however, no news came to fruition.

E&P sector contributed to the upside in Index on the back of positivity in crude oil prices, whereas Fertilizer sector added points to the table on budget incentives. Among scrips, WTL topped the volumes with 353.9 million shares, followed by BYCO (94.1 million) and SILK (86.1 million).

Sectors contributing to the performance include E&P (+83 points), Fertilizer (+57 points), Power (+25 points), Pharma (+23 points) and Textile (+17 points).

Volumes declined from 1,412 million shares to 1,392 million shares (-2 percent DoD). Average traded value also declined by 5 percent to reach US$ 207.4 million to US$ 197.29 million.

Stocks that contributed significantly to the volumes include WTL , BYCO, SILK, PTC and PIBTL, which formed 46 percent of total volumes.

Stocks that contributed positively to the index include ENGRO (+41 points), PPL (+39 points), LUCK (+22 points), HUBC (+22 points) and OGDC (+21 points). Stocks that contributed negatively include MEBL (-13 points), SNGP (-10 points), PSO (-10 points), FCCL (-8 points) and TRG (-8 points).

KARACHI: The stock market gained 770 points on Monday on strong economic indicators including remittances and tax collection.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,896 points as against last Friday’s closing of 47,126 points, showing an increase of 770 points.

Analysts at Arif Habib Limtied said that the market crossed the resistance level of 47,300 points comfortably by adding a total of 853 points during the session and maintained the bullish trend to end the session with an increase of 770 points.

Factors contributing to the bullish sentiment at the bourse include strong economic numbers from remittances to tax collection and real GDP growth that is anticipated to go north of 4.5 percent.

Investors have also been expecting positive measures in the upcoming budget, due to be announced June 11th that is likely to keep the sentiment in an upbeat mood.

Cement sector performed well today on the back of increase in cement price / bag in north region. Among scrips, WTL led the table with 480 million shares, followed by BYCO (94.2 million) and SILK (71.5 million).

Sectors contributing to the performance include Banks (+98 points), E&P (+96 points), O&GMCs (+53 points), Fertilizer (+39 points) and Autos (+22 points).

Volumes increased from 959.9 million shares to 1412.3 million shares (+47 percent DoD). Average traded value also increased by 39 percent to reach US$ 207.6 million as against US$ 148 million.

Stocks that contributed significantly to the volumes include WTL , BYCO, SILK, HUMNL and GGL, which formed 53 percent of total volumes.

Stocks that contributed positively to the index include DGKC (+45 points), LUCK (+45 points), PSO (+41 points), HBL (+32 points) and OGDC (+31 points). Stocks that contributed negatively include FFC (-9 points), NBP (-5 points), KEL (-4 points), SHFA (-2 points) and GLAXO (-2 points).

KARACHI: The stock market likely to trade bullish during the next week on expectations of relief in the upcoming budget 2021/2022 such as reduction in duties on imported raw material etc.

Analysts at Arif Habib Limited hoped that the market to remain bullish in the upcoming week amid expectation of relief in the upcoming budget, reduction in duties on imported raw material for construction sector and export oriented sector to spur growth which might keep these sectors in limelight.

On the other hand, E&Ps scrips are expected to continue performing well due to higher international oil prices and government shelving divestment plan of E&Ps scrips.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 7.0x (2021) compared to Asia Pac regional average of 16.3x while offering a dividend yield of ~6.9 percent versus ~2.6 percent offered by the region.

The outgoing week trading commenced on a positive note with the index increasing by 182 points on Monday. The uptrend was driven by NAC’s provisional data on GDP growth which is projected at 3.94 percent in FY21. Optimism at the bourse was further fueled by

i) Current account posting a surplus of USD 773 million in 10MFY21,

ii) Government cancelling its divestment plan for PPL and OGDC as well as higher oil prices WoW resulting in heavy buying in these scrips,

iii) MSCI rebalancing on Thursday resulting in foreign buying, and

iv) Pakistan developing a local COVID-19 vaccine.

Likewise, technology sector gained traction amid re-rating of sector multiple along with expectation of relief in the upcoming budget resulted in massive activity in the sector.

With that said, PSX posted a hat-trick this week (record volumes on three consecutive days). The KSE-100 index closed at 47,126 points, up by 1,211 points or 2.64 percent WoW.    

Sector-wise positive contributions came from i) Commercial Bank (456  points) ii) Oil & Gas Exploration Companies (163  points), iii) Cements (131  points), iv) Technology & Communication (120  points) and v) Fertilizer (89  points). Meanwhile, the sectors that contributed negatively include Tobacco (26  points) and Chemical (17  points). Scrip-wise positive contributors were HBL (174  points), BAHL (103  points), PPL (101  points), SYS (92  points), and OGDC (82  points).

Foreign buying was witnessed this week arriving at USD 2.1 million against a net sell of USD 49.3 million last week. Buying was witnessed in Cement (USD 23.9 million) and Technology and Communication (USD 9.2 million). On the domestic front, major selling was reported by Individuals (USD 10.2 million) and Mutual Funds (USD 7.4 million). Average volumes arrived at 1,238 million shares (up by 103 percent WoW) while average value traded settled at USD 178 million (up by 30 percent WoW).