Tag: KSE-100

KARACHI: The stock market trading likely range bound during next week on the back of concerns over rising number of cases and probable government measures to contain it.

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Karachi: The stock market has plunged by 1299 points on Thursday that can be attributed to surge in corona virus cases in the country.

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KARACHI: The stock market ended down by 195 points on Wednesday after trading in range bound.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,187 points as against 41,382 points showing a decline of 195 points.

Analysts at Arif Habib Limited said that the market traded range bound today between +306 points and -312 points, closing the session in red with -195 points.

Investors have lately been discounting the back to back good corporate results on concerns of rising COVID cases as well as end of Earnings season that has regressed the market to current levels.

E&P stocks went down (with the exception of PPL) following the downtrend in international crude oil prices, which declined 2.5 percent overnight.

PPL, on the other hand, saw brisk buying in the last half hour, making day’s high.

Among construction sector, STCL hit upper circuit, garnering significant trading volumes in the process, on the back of better expectation of results and construction activity to take place at the behest of the government.

Among scrips, UNITY led the volumes with 60.1 million shares, followed by PIBTL (31.2 million) and HASCOL (26.8 million).

Sectors contributing to the performance include Banks (-85 points), Cement (-67 points), Textile (-44 points), Pharma (-37 points) and O&GMCs (-19 points).

Volumes declined from 481 million shares to 368.4 million shares (-23 percent DoD). Average traded value also declined by 18 percent to reach US$ 94.3 million as against US$ 114.8 million.

Stocks that contributed significantly to the volumes include UNITY, PIBTL, HASCOL, HUBC and POWER, which formed 40 percent of total volumes.

Stocks that contributed positively to the index include HUBC (+96 points), PPL (+19 points), THALL (+13 points), GHGL (+13 points) and DAWH (+10 points). Stocks that contributed negatively include LUCK (-48 points), SEARL (-39 points), UBL (-30 points), HBL (-27 points) and POL (-23 points).

KARACHI: The share market witnessed a decline of 469 points on Tuesday owing to mixed trading session and later explosion in Peshawar.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,381 points as against previous day’s close of 41,850 points, showing a decline of 469 points.

Analysts at Topline Securities said that taking cue from global markets coupled with an explosion in Peshawar triggered profit taking at the bourse which dented the KSE-100 index by 469 points to close at 41,381.

On the results front, PSO posted 1QFY21 EPS of 11 (below industry estimates) which dragged the stock lower to the close the day down 3.17 percent while MCB and FFBL posted outstanding 3QCY20 earnings of 8.4 and 3.54 respectively, which were above industry estimates.

POL’s management also stated in its conference call that their formations in Jhandial 2 may turn out to be dry which resulted in the stock to close down 1.73 percent.

Major negative contributors to the benchmark included HBL, BAHL, PSO, TRG & OGDC who cumulatively dragged the index lower by around 190 points.

Total volume and value traded for the day clocked in at 480.67 million shares (down 1.3 percent DoD) and Rs. 18.42 billion (down 14.2 percent) respectively.

UNITY was the volume leader for today with 77.16 million shares traded.

The Pakistan Stock Market experienced a significant boost on Monday, with the benchmark KSE-100 index soaring by 585 points. This rise is attributed to positive stock market sentiments following the Financial Action Task Force (FATF) decision and the announcement of exceptional financial results from major companies.

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KARACHI: The stock market is expected to maintain a bullish trend in the coming week, driven by strong corporate profitability, according to analysts at Arif Habib Limited. They anticipate that the positive momentum seen in the stock market will continue, as political uncertainty diminishes and confidence in the economy strengthens.

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KARACHI: The stock market gained 67 points on Friday in a range bound trading activity.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,266 points as against 41,199 points showing an increase of 67 points.

Analysts at Arif Habib Limited said that the market traded range bound today between -135 points and +184 points.

The Index was swayed by mixed expectations on FATF (due to be announced today 7 PM PST) as well as the result announcements that saw E&P companies declining on the bourse, although international crude oil prices were stable.

Financial results kept the interest alive from Investors, however, persistent selling in Banks and E&P kept the Index in check.

UBL was scheduled to be announced by close of session, but was deferred to Monday as the meeting was still in progress.

Among scrips, MLCF topped the volumes with 45.7 million shares, followed by PRL (27.9 million) and UNITY (24.2 million).

Sectors contributing to the performance include Cement (+92 points), Insurance (+20 points), Fertilizer (+13 points), Banks (-31 points), E&P (-18 points) and Power (-11 points).

Volumes declined further from 500 million shares to 354.4 million shares (-29 percent DoD). Average traded value also declined by 10 percent to reach US$ 96.8 million as against US$ 107.2 million.

Stocks that contributed significantly to the volumes include MLCF, PRL, UNITY, FCCL and PIBTL, which formed 39 percent of total volumes.

Stocks that contributed positively to the index include LUCK (+25 points), ENGRO (+19 points), CHCC (+19 points), MLCF (+13 points) and KOHC (+10 points). Stocks that contributed negatively include BAHL (-18 points), HUBC (-18 points), EPCL (-10 points), OGDC (-9 points) and PPL (-7 points).

KARACHI: The stock market witnessed a decline of 337 points on Thursday as investors opted for profit booking during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,199 points as against 41,536 points showing a decline of 337 points.

Volumes declined from 661.3 million shares to 500.1 million shares. Average traded value also declined by 21 percent to reach US$ 106.9 million as against US$ 135.1 million.

Analysts at Arif Habib Limited said that the market opened on a positive note today +50 points, and following the momentum since the beginning of the week the index added a total of 282 points during the session.

Profit booking brought the index down by 448 points and closed the session -337 points.

Rather than any negative development on economic or political front, today’s profit booking was largely an outcome of risk taking at the beginning of this week that paid well yesterday and today.

Tomorrow is the decision day for FATF, which will be announced post market in the evening and will have its impact next week Monday. Among scrips, UNITY continued topping the index with 61.3 million shares, followed by PIBTL (56.3 million) and MLCF (44.5 million).

Sectors contributing to the performance include E&P (-110 points), Power (-85 points), O&GMCs (-38 points), Pharma (-22 points) and Technology (-19 points).

Stocks that contributed significantly to the volumes include UNITY, PIBTL, MLCF, HASCOL and TRG, which formed 46 percent of total volumes.

Stocks that contributed positively to the index include BAHL (+74 points), HMB (+17 points), MLCF (+15 points), MTL (+10 points) and FFC (+10 points). Stocks that contributed negatively include HUBC (-71 points), OGDC (-40 points), PPL (-33 points), POL (-20 points) and MEBL (-20 points).

KARACHI: The share market gained 579 points on Wednesday owing to better financial results by the banking sector.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,536 points as against 40,956 points showing an increase of 579 points.

Analysts at Arif Habib Limited said that this is the third consecutive positive closing of KSE-100 since the beginning of the week, where the Index has added around 1400 points from last week’s closing level.

Though the weekend left vestiges of political uncertainty, institutional investors kept brisk buying activity on the back of quarterly earnings.

Banking sector results announced so far has helped Index sustain existing rates, where the investors took positions in Oil & gas, Cement and Power sector stocks with a positive view on FATF ruling scheduled to be announced by end of week, on Friday.

Fertilizer sector outperformed today on the back of healthy earnings and hefty dividend declaration from EFERT, the result of which was seen on ENGRO as well.

By the end of session, UBL saw buying activity that helped regain points lost due to profit booking in PSO.

Among scrips, UNITY led the volumes with 64.4 million shares, followed by PIBTL (63.9 million) and HASCOL (47.2 million).

Sectors contributing to the performance include Banks (+185 points), Fertilizer (+116 points), Technology (+53 points), Power (+32 points) and E&P (+22 points).

Volumes increased from 492.6 million shares to 661.3 million shares (+34 percent DoD). Average traded value also increased by 33 percent to reach US$ 134.9 million as against US$ 101.1 million.

Stocks that contributed significantly to the volumes include UNITY, PIBTL, HASCOL, PRL and ASL, which formed 38 percent of total volumes.

Stocks that contributed positively to the index include BAHL (+77 points), ENGRO (+46 points), EFERT (+43 points), HUBC (+34 points) and SYS (+26 points).

Stocks that contributed negatively include ABOT (-9 points), POL (-7 points), PSO (-7 points), KEL (-4 points) and LOTCHEM (-3 points).

KARACHI: The share market experienced a robust rally on Tuesday, with the KSE-100 index of the Pakistan Stock Exchange (PSX) gaining 616 points, closing at 40,956. The surge comes as investors anticipate favorable outcomes from the upcoming FATF plenary session, which has boosted market sentiment.

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