Tag: KSE-100

The Pakistan stock market witnessed a modest gain of 177 points amid range-bound trading activities, with the benchmark KSE-100 index closing at 45,903 points, up from the previous day’s close of 45,726 points.

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KARACHI: The Pakistan Stock Exchange (PSX) experienced a downturn on Monday, with the share market closing lower by 204 points as selling pressure dominated trading activities throughout the day.

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Karachi: The stock market likely to remain positive during the next week on the back of healthy earnings expectations, analysts said.

The analysts at Arif Habib Limited said that the market to remain positive on the back of healthy earnings expectations, which will drive the index.

Moreover, the ongoing rollout of vaccines across the globe will most likely keep equity markets buoyant.

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) is currently trading at a PER of 7.7x (2021) compared to the Asia Pac regional average of 17.9x and while offering DY of around 6.2 percent versus 2.5 percent offered by the region.

The market commenced on a positive note briefly on the back of the government and power companies reaching a master agreement, breaching 46,000 level on Monday.

Governor SBP’s statement regarding IMF program revival kept sentiment positive. Furthermore, the announcement of auto sales figures by PAMA (15 percent YoY growth in December 2020) ignited bullish sentiments in the Automobile Assemblers Sector.

Expectations of better corporate results particularly amongst cyclical sectors kept the overall sentiment buoyant.

The KSE-100 Index closed at 45,931 points, gaining 277 points (up 0.61 percent) WoW.

Sector-wise positive contributions came from:

i) Technology & Communication (168 points),

ii) Power Generation & Distribution (66 points),

iii) Engineering (41 points),

iv) Glass & Ceramic (37 points), and

v) Textile Composite (34 points).

Whereas, sectors that contributed negative included:

i) Fertilizer (63 points),

ii) Tobacco (30 points) and

iii) Oil & Gas Exploration Companies (27 points).

Scrip-wise positive contributions were led by i) SYS (89 points), ii) TRG (82 points), iii) INIL (42 points), iv) KAPCO (42 points), and v) GHGL (37 points).

Foreign selling this week clocking-in at USD 2.1 million compared to a net buy of USD 3.4 million last week. Selling was witnessed in Cement (USD 0.9 million) and FMCG (USD 0.8 million).

On the domestic front, major buying was reported by Individuals (USD 24.0 million and Banks / DFIs (USD 1.2 million).

Average volumes arrived at 682 million shares (up by 9 percent WoW). Whereas, average value traded settled at USD 129 million (down by 16 percent WoW).

Karachi: The share market fell by 58 points on Friday owing to selling activity observed during the day, analysts said.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,931 points as against previous day’s close of 45,990 points, showing a decline of 58 points.

The analysts at Arif Habib Limited said that the market traded in a narrow range between -114 points and +188 points, closing the session -58 points.

Selling activity was observed almost across the board, but was more prominent in cement, banks and O&GMC sectors.

Engineering (Steel) sector performed well in relative terms on the back of expectation of an increase in product prices. Among scrips, HUMNL topped the volumes with 66.3 million shares, followed by POWER (45.2 million) and FFBL (23.7 million).

Sectors contributing to the performance include Banks (-50 points), Cement (-33 points), Fertilizer (-20 points), Tobacco (-18 points) and Chemical (-16 points).

Volumes declined further from 620.7 million shares to 531.1 million shares (-15 percent DoD). Average traded value also declined by 10 percent to reach US$ 111.3 million as against US$ 123.6 million.

Stocks that contributed significantly to the volumes include HUMNL, POWER, FFBL, TRG and KOSM, which formed 33 percent of total volumes.

Stocks that contributed positively to the index include HUBC (+24 points), NATF (+18 points), GHGL (+13 points), INIL (+11 points) and APL (+11 points). Stocks that contributed negatively include MCB (-22 points), HBL (-20 points), PAKT (-18 points), LUCK (-11 points) and EFERT (-10 points).

KARACHI: The stock exchange fell by 103 points on Thursday in range-bound trading activities during the day.

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 45,989 points as against the previous day’s close of 46,092 points showing a decline of 103 points.

Analysts at Arif Habib Limited said that the market saw profit booking today after testing 46k level a number of times during the week.

The index oscillated between -239 points and +181 points during the session and closed -103 points.

Selling activity was observed in Banks, Cement, E&P sectors, which was caused by a host of reasons including a slight decline in international crude oil prices.

Among fertilizer sector stocks, FFBL performed well on the back of subsidy on DAP, being announced and taken into effect.

Delay in issuance of the textile policy, which was earlier scheduled to be announced yesterday is now postponed for tomorrow. Among scrips, HUMNL topped the volumes with 57.5 million shares, followed by KEL (45.6 million) and FFBL (25.8 million).

Sectors contributing to the performance include E& (-70 points), Cement (-31 points), Fertilizer (-17 points), Pharma (-14 points) and Technology (-20 points).

Volumes declined from 845.2 million shares to 620.7 million shares (-27 percent DoD). The average traded value also declined by 26 percent to reach US$ 123.7 million as against US$ 167.7 million.

Stocks that contributed significantly to the volumes include HUMNL, KEL, FFBL, KAPCO and KOSM, which formed 28 percent of total volumes.

Stocks that contributed positively to the index include KAPCO (+23 points), SYS (+20 points), COLG (+15 points), GHGL (+13 points) and PAKT (+13 points). Stocks that contributed negatively include OGDC (-34 points), ENGRO (-18 points), HUBC (-17 points), PPL (-16 points) and POL (-14 points).

KARACHI: The stock market gained 170 points on Wednesday on positive sentiments prevailed on a report related to banking sector.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 46,092 points as against last day’s closing of 45,922 points showing an increase of 170 points.

Analysts at Arif Habib Limited said that the market continued the uptrend from yesterday and added another 392 points during the session, closing +170 points.

Cement, E&P and Banking sectors contributed to the increase in Index. International crude prices supported the positive stance in E&P, which was primarily on account of the consistent draw down in global floating storage of crude products.

On the other hand, Cement sector performed in anticipation of better results from the outgoing quarter.

Last half hour of the session saw Moodys issuing positive statement on Pakistani banks that helped the banking sector perform relatively better. Among scrips, KEL posted trading volume of 110.5 million shares, followed by PIBTL (79.6 million) and POWER (45 million).

Sectors contributing to the performance include Technology (+79 points), Cement (+74 points), Textile (+49 points), Banks (+43 points) and Engineering (+24 points).

Volumes increased further from 825.8 million shares to 845.3 million shares (+2 percent DoD). Average trading volumes increased by 27 percent to reach US$ 167.5 million as against US$ 131.8 million.

Stocks that contributed significantly to the volumes include KEL, PIBTL, POWER, HUMNL and FFL, which formed 35 percent of total volumes.

Stocks that contributed positively to the index include SYS (+50 points), TRG (+28 points), PIOC (+21 points), HBL (+21 points) and INIL (+20 points). Stocks that contributed negatively include UBL (-25 points), PAKT (-17 points), DAWH (-16 points), MTL (-16 points) and KEL (-15 points).

KARACHI: The stock exchange gained 317 points on Tuesday as positive sentiments prevailed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,922 points as against 45,605 points showing an increase of 317 points.

Analysts at Arif Habib Limited said that the market rebounded by posting an increase of 408 points during the session, and closing 317 points.

Though the day began slow and cautious after yesterday’ profit booking, a bounce back in banking sector scrips as well as absence of selling in E&P sector stocks helped the Index stabilize ground near 46,000 level.

International crude oil prices traded in the positive zone during the session, which helped the E&P to recover in comparison with respective LDCPs.

KEL did large volume in anticipation of deal closure after conclusion of IMF program, as highlighted by SBP governor yesterday. Cement sector largely traded range bound but contributed positively to the index.

Among scrips, KEL led the table with 249.5 million shares, followed by HUMNL (68.4 million) and UNITY (29.7 million).

Sectors contributing to the performance include Technology (+77 points), Banks (54 points), E&P (+54 points), Autos (+33 points) and Vanaspati (+25 points).

Volumes increased from 588 million shares to 825.9 million shares (+40 percent DoD). Average traded value also increased by 19 percent to reach US$ 131.8 million as against US$ 110.6 million.

Stocks that contributed significantly to the volumes include KEL, HUMNL, UNITY, PIBTL and SILK, which formed 48 percent of total volumes.

Stocks that contributed positively to the index include TRG (+60 points), HBL (+34 points), OGDC (+31 points), KEL (+31 points) and PPL (+25 points). Stocks that contributed negatively include SEARL (-14 points), HUBC (-13 points), MARI (-11 points), FFC (-10 points) and NESTLE (-6 points).

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).