Tag: KSE-100

KARACHI: The share market fell by around 1,000 points on Monday due to increase in headline inflation and rising uncertainty on political front.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,072 points as against 40,070 points showing a decline of 998 points.

Analysts at Arif Habib Limited said that the market lost another 1206 points during the session, especially in the last half hour of trading.

Over the weekend, release of CPI data hinted an increase in Policy rate as the negative real interests have increased post increase in CPI.

Political uncertainty, on the other hand, has also caused panic amongst Investors.

Gradual redemptions from Mutual Fund investors have so far resulted in market meltdown, however, non-blue chip stocks as well as off-board scrips have sustained heavy losses in terms of drop in prices as compared to blue chip stocks from their recent highs.

Selling activity was observed almost across the board, with major contribution from E&P, Banks, O&GMCs sectors. Amongst scrips, HASCOL topped the volumes with 60.4 million shares, followed by UNITY (31.9 million) and KEL (29.1 million).

Sectors contributing to the performance include Banks (-130 points), Power (-113 points), Fertilizer (-111 points), E&P (-103 points) and O&GMCs (-71 points).

Volumes increased from 348.6 million shares to 409.9 million shares (+18 percent DoD). Average traded value also declined by 1 percent to reach US$ 76.5 million as against US$ 75.6 million.

Stocks that contributed significantly to the volumes include HASCOL, UNITY, KEL, TRG and PIBTL, which formed 39 percent of total volumes.

Stocks that contributed positively to the index include DAWH (+8 points), GHGL (+4 points), KOHC (+1 points), FML (+1 points) and ATLH (+0 points). Stocks that contributed negatively include HUBC (-74 points), ENGRO (-56 points), PPL (-50 points), TRG (-36 points) and COLG (-32 points).

KARACHI: The share market likely to remain under pressure due to turmoil in international markets, analysts said. Analysts at Arif Habib Limited said that with economic indicators continuing to show improvement, they expect the profit-taking to be short-lived.

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KARACHI: The stock market fell by 606 points on Friday owing to political uncertainty and spread of coronavirus.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,070 points as against 40,677 points showing a decline of 606 points.

Analysts at Arif Habib Limited said that the market saw continuation of selling pressure for a host of reasons from political uncertainty to spread of Corona cases (with the latest affectee being President Trump himself).

The index lost a total of 771 points during the session and closed the session -606 points. International crude oil prices dropped significantly, especially after announcement of President Trump’s being tested positive for Corona.

This caused selling in local E&P stocks, OGDC, PPL and POL. At the same time, redemptions in Mutual Funds prompted institutional sell-off as well.

Volumes remained heavily tilted in favour of O&GMCs, particularly HASCOL, however, the stock price saw lower circuit among other tech stocks that saw sky high prices in the previous run-up. HASCOL topped the volumes with 52.6 million shares, followed by KEL (35.1 million) and TRG (24.6 million).

Sectors contributing to the performance include E&P (-135 points), O&GMCs (-78 points), Banks (-71 points), Cement (-57 points) and Technology (-55 points).

Volumes declined further from 371.8 million shares to 348.6 million shares (-6 percent DoD). Average traded value also declined by 0.6 percent to reach US$ 75.6 million as against US$ 76 million.

Stocks that contributed significantly to the volumes include HASCOL, KEL, TRG, UNITY and PIBTL, which formed 44 percent of total volumes.

Stocks that contributed positively to the index include HUBC (+16 points), BAHL (+16 points), ILP (+4 points), HCAR (+4 points) and AGIL (+3 points). Stocks that contributed negatively include PPL (-51 points), OGDC (-45 points), TRG (-36 points), POL (-33 points) and PSO (-30 points).

KARACHI: The share market gained 105 points on Thursday as selling pressure continued and investors opted for profit taking.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,676 points as against 40,571 points showing an increase of 105 points.

Analysts at Arif Habib Limited said that the selling pressure continued unabated today, which saw Index slipping another 458 points during the session, however, sporadic buying in blue chip stocks especially Cement sector and otherwise HBL & UBL among Banks and PSO in O&GMCs brought the index back into positive.

Last half hour saw index posting gain of 110 points. Past sessions have seen the effect of redemptions from mutual fund investors to cause havoc in otherwise calm market.

 Market has lost roughly 2000 points from its recent highs and in the process has brought attrition in Cement, Steel and banking sector scrips. Among scrips, HASCOL topped the volumes with 67.6 million shares, followed by KEL (28.8 million) and UNITY (26 million).

Sectors contributing to the performance include Banks (+94 points), Cement (+51 points), Chemical (+20 points), E&P (+16 points) and Technology (-25 points).

Volumes declined further from 473.8 million shares to 371.7 million shares (-22 percent DoD). Average traded value also dropped by 19 percent to reach US$ 75.8 million as against US$ 93.2 million.

Stocks that contributed significantly to the volumes include HASCOL, KEL, UNITY, TRG and PIBTL, which formed 43 percent of total volumes.

Stocks that contributed positively to the index include HBL (+30 points), MCB (+30 points), UBL (+28 points), DGKC (+25 points) and ENGRO (+19 points). Stocks that contributed negatively include TRG (-21 points), HASCOL (-20 points), MEBL (-18 points), BAHL (-9 points) and HUBC (-9 points).

KARACHI: The stock market fell by 633 points on Wednesday owing to selling pressure observed during the day due to political noise and pressure in international markets.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,571 points as against 41,204 points, showing a decline of 633 points.

Analysts at Topline Securities said that lackluster activity was observed during the initial hours of trade, however market came under pressure during the latter hours of trade to close at 40,571 level.

Pressure in the market can largely be attributed to selling pressure in international markets along with political noise.

Major contribution to the index came from UBL, HUBC, ENGRO, TRG and OGDC, as they cumulatively contributed 193 points to the index.

HASCOL was today`s volume leader with around 87 million shares; notice to the exchange from the company disclosing that an executive of the company has sold 8.7 million shares triggered selling in the oil marketing company, as the scrip closed 7 percent lower.

KARACHI: The share market witnessed gain of 463 points on Tuesday amid selling pressure seen during the trading.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,204 points as against 40,741 points showing an increase of 463 points.

Analysts at Arif Habib Limited said that settlement ratios from last week’s roll-over activity continued the selling pressure on the bourse, in addition to redemption called by mutual fund investors.

Index lost a total of 351 points earlier in the session, however, as soon as the settlement concluded, heavy buying activity took place in HASCOL, PSO, ENGRO that placed the index to erase all losses and post a net gain of 705 points by the end of session.

The index closed +463 points. O&GMCs topped the volumes with 61.7 million shares, followed by Cement (38.5 million) and Technology (35.2 million).

Among scrips, HASCOL realized trading volumes of 57.5 million, followed by UNITY (47.5 million) and BYCO (28.4 million).

Sectors contributing to the performance incude Banks (+137 points), E&P (+61 points), O&GMCs (+47 points), Cement (+47 points) and Fertilizer (+45 points).

Volumes declined from 407.2 million shares to 353.7 million shares (-13 percent DoD). Average traded value also declined by 3 percent to reach US$ 83.2 million as against US$ 86.1 million.

Stocks that contributed significantly to the volumes include HASCOL, UNITY, KEL, PIBTL and TRG, which formed 36 percent of total volumes.

Stocks that contributed positively to the index include BAHL (+43 points), ENGRO (+38 points), LUCK (+38 points), OGDC (+21 points) and TRG (+21 points). Stocks that contributed negatively include SHFA (-11 points), SYS (-11 points), SEARL (-10 points), KTML (-6 points) and CHCC (-5 points).

The stock market witnessed a significant downturn on Monday, with the benchmark KSE-100 index of Pakistan Stock Exchange (PSX) plunging by 960 points amid mounting political uncertainty following the arrest of an opposition leader.

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KARACHI: The stock market fell by 105 points on Friday as the market witnessed range bound trading and selling pressure.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,701 points as against 41,806 points showing a decline of 105 points.

Analysts at Arif Habib Limited said that the last day of the rollover week replicated what was witnessed for the good part of the outgoing week, i.e range bound performance and selling pressure.

E&P, Cement and banking sector stocks contributed to the downside in Index, whereby OGDC and PPL saw selling pressure in Market on Close (MOC) session.

Cement sector stocks sustained selling pressure due to apprehensions on Competition Commission’s raid on APCMA. O&GMCs led the volume with 64.1 million shares, followed by Vansapati (47.5 million) and Refinery (43.6 million). Among scrips, HASCOL topped the volumes with 57.4 million shares, followed by UNITY (47.5 million) and BYBCO (28.4 million).

Sectors contributing to the performance include Cement (-85 points), Technology (-21 points), Insurance (-17 points), Power (+16 points), O&GMCs (+15 points).

Volumes almost remained the same at 435.0 million shares. Average traded value increased by 2 percent to reach US$ 93.0 million as against US$ 91.1 million.

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

Stocks that contributed positively to the index include HBL (+30 points), COLG (+21 points), BYCO (+12 points), HASCOL (+11 points) and KAPCO (+11 points). Stocks that contributed negatively include LUCK (-39 points), UBL (-22 points), TRG (-22 points), DGKC (-16 points) and MUREB (-14 points).

KARACHI: The stock market fell by 70 points on Thursday as the market witnessed heavy selling during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,806 points as against 41,876 points showing a decline of 70 points.

Analysts at Arif Habib Limited said that the market had a field day bearing heavy selling pressure during the session, particularly on Cement, E&P, and Banking sector stocks that brought the index down by 459 points.

Recovery set in by mid-day, which brought the index level back up and closed the session -70 points.

Settlement of rollover trades, apprehensions on rising Corona related cases as well as weak investor sentiment in international markets caused local investors to stay cautious as well.

Cement sector registered trading volumes of 53.5 million shares, followed by Power (49.3 million) and Technology (43.3 million). Among scrips, KEL topped the volumes with 40 million shares, followed by UNITY (33.1 million) and HASCOL (32.1 million).

Sectors contributing to the performance include E&P (-86 points), Food (-20 points), Power (-16 points), Fertilizer (+69 points) and Cement (+18 points).

Volumes dropped from 582.8 million shares to 434.9 million shares (-25 percent DoD). Average traded value however increased by 17 percent to reach US$ 91 million as against US$ 77.6 million.

Stocks that contributed significantly to the volumes include KEL, UNITY, HASCOL, POWER and PIBTL, which formed 33 percent of total volumes.

Stocks that contributed positively to the index include ENGRO (+36 points), EFERT (+24 points), FFC (+15 points), LUCK (+15 points) and PSO (+14 points). Stocks that contributed negatively include OGDC (-48 points), PPL (-33 points), TRG (-20 points), NESTLE (-14 points) and BAFL (-11 points).