Tag: KSE-100

KARACHI: The stock market witnessed heavy profit booking on Friday on reports of approval of privatization of two major energy companies.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,621 points as against 39,869 points showing a decline of 247 points (-0.6 percent DoD).

Analysts at Arif Habib Limited said that the market took heavy bantering today on the pretext of profit booking as well as news of approval of privatization of OGDC and PPL.

Both the E&P scrips saw significant selling pressure, besides Cement, O&GMCs, Pharma and Fertilizer sectors. Banking sector that bore selling pressure throughout the session saw recovery by the end, which helped KSE-100 index put recovery.

Technology sector led the volumes with 74.5 million shares, followed by Cement (64.9 million) and Power (31.8 million). Among scrips, WTL posted 23.9 million shares, followed by ANL (21.7 million) and TPL (9.4 million).

Sectors contributing to the performance include E&P (-89 points), Power (-45 points), Cement (-36 points), O&GMCs (-29 points) and Inv Banks (-13 points).

Volumes increased from 394.6 million shares to 400.5 million shares (+2 percent DoD). Average traded value, however, registered a decline of 3 percent DoD to reach US$ 81.6 million as against US$ 84.5 million.

Stocks that contributed significantly to the volumes include WTL, ANL, TPL, DCL and UNITY, which formed 25 percent of total volumes.

Stocks that contributed positively to the index include NBP (+14 points), HBL (+12 points), ENGRO (+12 points), FCEPL (+10 points) and BAFL (+7 points). Stocks that contributed negatively include PPL (-52 points), OGDC (-40 points), HUBC (-37 points), PSO (-23 points) and DAWH (-14 points).

KARACHI: The stock market witnessed selling pressure in major scrips on Thursday and fell by 286 points.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,869 points as against 40,154 points showing a decline of 286 points.

Analysts at Arif Habib Limited said that the market opened on a positive note today with +29 points, however, couldn’t carry the momentum showed in the previous sessions.

Selling activity was observed in Fertilizer, Cement, Refinery and O&GMCs and intensified by the end of session, especially after announcement of MCB’s and FABL’s financial results.

FABL hit lower circuit after the announcement. Similarly, MCB lost ground after announcement, however, traded above lower circuit. Regional markets already showed bearish activity at the beginning of the session.

Yesterday’s PIB auction also saw rise in shorter term tenors. Technology sector topped the volumes with 84.5 million shares, followed by Power (40.2 million) and Banks (36.7 million). Among scrips, TRG posted 30.4 million shares, followed by PTC (21 million) and UNITY (20 million).

Sectors contributing to the performance include Cement (-81 points), Banks (-39 points), O&GMCs (-26 points), E&P (-24 points) and Power (-23 points).

Volumes declined from 427.2 million shares to 394.3 million shares (-8 percent DoD). Average traded value also declined by 24 percent to reach US$ 84.4 million as against US$ 110.4 million.

Stocks that contributed significantly to the volumes include TRG, PTC, UNITY, TPL and KAPCO, which formed 28 percent of total volumes.

Stocks that contributed positively to the index include HBL (+19 points), ABL (+17 points), TRG (+14 points), KAPCO (+13 points) and FFC (+10 points). Stocks that contributed negatively include MCB (-68 points), HUBC (-31 points), LUCK (-29 points), ENGRO (-25 points) and PPL (-16 points).

KARACHI: The stock market ended down by 30 points on Wednesday in a range bound trading during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,154 points as against 40,184 points showing a decline of 30 points.

Analysts at Arif Habib Limited said that the market traded range bound today between -119 points and +241 points.

E&P largely added points on the index, whereas Cement and Banking sector stocks faced selling pressure. Fertilizer Sector remained under pressure throughout the session, but ENGRO’s financial results with a dividend of Rs. 8/share, helped Fertilizer sector stage recovery by the end of session.

Cement sector posted volumes of 75.4 million shares, followed by Technology (54.5 million) and O&GMCs (40.3 million). Among scrips, PIBTL topped the volumes with 35.5 million shares, followed by PRL (27.5 million) and DGKC (26.8 million).

Sectors contributing to the performance include Fertilizer (+63 points), E&P (+40 points), O&GMCs (+10 points), Cement (-25 points), Technology (-23 points), Autos (-21 points), Power (-20 points) and Banks (-20 points).

Volumes declined from 458.8 million shares to 427.2 million shares (-7 percent DoD). Average traded value also declined by 10 percent to reach US$ 110.4 million as against US$ 123.2 million.

Stocks that contributed significantly to the volumes include PIBTL, TRG, POWERR1, PRL and POWER, which formed 25 percent of total volumes.

Stocks that contributed positively to the index include ENGRO (+40 points), POL (+18 points), EFERT (+14 points), OGDC (+10 points) and FFC (+10 points). Stocks that contributed negatively include TRG (-23 points), HUBC (-21 points), INDU (-10 points), DGKC (-10 points) and SHFA (-8 points).

KARACHI: The stock market has witnessed an increase of 62 points on Tuesday in mixed trading activities during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,184 points as against 40,123 points showing an increase of 62 points.

Analysts at Arif Habib Limited said that the market opened on a positive note with +224 points and added a total of +312 points on the index.

E&P and Cement sectors largely played a major role in positive activity. Banks and Fertilizer sectors, on the other hand, contributed to selling pressure on the index.

International crude oil prices have been stable for quite some time now, which have helped Investors take a long term view on E&P stocks thereby giving continual ascent to the underlying scrips.

Cement sector stocks performed on the back of a stay that one of the Cement companies obtained against the probe on a recent increase in Cement prices.

Cement sector led the volumes on the bourse with 83 million shares, followed by Power (48.8 million) and O&GMCs (45.8 million). Among scrips, PIBTL topped the volumes with 35.6 million, followed by PRL (27.5 million) and DGKC (26.7 million).

Sectors contributing to the performance include Cement (+120 points), E&P (+21 points), Pharma (+12 points), Banks (-64 points), Fertilizer (-18 points) and Technology (-17 points).

Volumes declined from 522.7 million shares to 458.8 million shares (-12 percent DoD). Average traded value also declined by 8 percent to reach US$ 123.2 million as agsinst US$ 133.7 million.

Stocks that contributed significantly to the volumes include PIBTL, PRL, DGKC, MLCF and HASCOL, which formed 29 percent of total volumes.

Stocks that contributed positively to the index include LUCK (+33 points), DGKC (+31 points), CHCC (+23 points), OGDC (+14 points) and BAHL (+14 points). Stocks that contributed negatively include UBL (-28 points), HBL (-25 points), TRG (-18 points), PSO (-15 points) and ENGRO (-11 points).

KARACHI: The stock market fell by 168 points on Monday owing to profit taking by the investors during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,122 points as against 40,291 points showing a decline of 168 points.

Analysts at Arif Habib Limited said that the market took bantering today due to negative impact of tariff rationalization of IPPs, which transpired over the weekend, as well as selling pressure on Fertilizer and Cement sectors on repayment of GIDC as decided by the Supreme Court on the last trading day.

ENGRO hit lower circuit, however, recovered later. Similarly, index heavy weight HUBC saw heavy selling pressure that brought the index down.

Among Banks, HBL saw rates coming down more than other stocks in the sector, which is primarily attributed to profit booking by Investors.

E&P and O&GMCs performed well, partly due to switching by investors from Power and Fertilizer sectors and partly because of expectation of resolution of circular debt.

Resultantly, SNGP and SSGC hit upper circuits, whereas PSO also traded near upper circuit. O&GMCs topped the volumes with 72.3 million shares, followed by Power (67.5 million) and Vanaspati (57.7 million).

Among scrips, UNITY led the volumes with 37.3 million shares, followed by HASCOL (35.2 million) and TRG (26.4 million).

Sectors contributing to the performance include O&GMCs (+95 points), Pharma (+36 points), E&P (+33 points), Autos (+22 points) and Engineering (+14 points), Fertilizer (-170 points) and Power (-125 points).

Volumes declined from 556.3 million shares to 522.7 million shares (-6 percent DoD). Average traded value, on the contrary, increased by 16 percent to reach US$ 133.7 million as against US$ 115.1 million.

Stocks that contributed significantly to the volumes include UNITY, HASCOL, TRG, PRL and PAEL, which formed 29 percent of total volumes.

Stocks that contributed positively to the index include PSO (+49 points), SNGP (+28 points), ABOT (+18 points), OGDC (+18 points) and PPL (+17 points). Stocks that contributed negatively include HUBC (-121 points), ENGRO (-116 points), HBL (-62 points), EFERT (-62 points) and LUCK (-27 points).

KARACHI: The stock market likely to stay positive during next week owing to improved economic indicators, analysts said.

The analysts at Arif Habib Limited said that the market to remain green especially cyclical sectors including Cement, Steel, Textile and Automobile amid notable improvement in macros including quick recovery in exports, reduction in trade deficit, stable Pak Rupee, drastic increase in industrial outputs (majority companies operating at maximum capacity) and lower inflation expectation.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 7.3x (2021) compared to Asia Pac regional average of 13.7x while offering a dividend yield of ~6.2 percent versus ~2.6 percent offered by the region.

This week trading commenced on a negative note due to profit taking which resulted in selling pressure in Cement, Steel, Automobile, and E&P sector.

On Tuesday however, a rebound was witnessed at the index attributable to increase in international oil prices and prospects of consensus between Independent Power Producers and the Government of Pakistan.

On the other hand, increase in fertilizer prices also increased activity in the fertilizer sector. However, honorable Supreme Court of Pakistan announced its reserved verdict on GIDC today whereby industries are required to pay Rs457 billion which once again brought pressure on industries (Fertilizer, Cement, Steel, Chemicals and Textiles).

With that said, the KSE-100 index closed at 40,291 points, up by 261 points or 0.65 percent WoW (eighth consecutive positive week after January 2017).

Contribution to the upside was led by i) Power Generation and Distribution (261 points), ii) Oil and Gas Exploration Companies (97 points), iii) Oil and Gas Marketing Companies (92 points), iv) Commercial Banks (86 points), and v) Textile Composite (29 points).

Scrip wise major gainers were HUBC (213 points), PPL (56 points), UBL (56 points), KAPCO (39 points), and SNGP (36 points). Whereas, scrip wise major losers were DAWH (55 points), ENGRO (49 points) MCB (31 points), EFERT (25 points) and FFC (23 points).

Foreign buying continued this week clocking-in at USD 8.7 million compared to a net buy of USD 3.7 million last week. Buying was witnessed in Cement (USD 4.3 million) and Fertilizer (USD 2.7 million). On the domestic front, major selling was reported by Banks/DFI (USD 10.7 million) and Insurance Companies (USD 5.4 million). That said, average daily volumes and traded value for the outgoing week were down by 9 percent and 14 percent to 581 million shares and USD 125 million, respectively.

KARACHI: The stock market fell by 182 points on Thursday owing to profit taking and the decision of the apex court regarding payment of Gas Infrastructure Development Cess (GIDC).

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,291 points as against the previous day’s closing of 40,473 points showing a decline of 182 points.

Analysts at Arif Habib Limited said that the market opened on a positive note on the opening bell with +70 points and 2.8 million shares.

The index tumbled afterwards as Supreme Court announced the decision on GIDC, which required industries to pay Rs. 457 billion on account of GIDC over a period of 2 years. Investors took it as cue to book profits, which brought the index down by 575 points during the session.

E&P, O&GMCs and Tech stocks largely remained unharmed, among which TRG and UNITY hit upper circuits. Fertilizer, Cement and Banking sector stocks remained under pressure throughout the session.

Vanaspati sector led the volumes with 110 million shares, courtesy of UNITY (including the trading volume of its Right Shares).

This was followed by Technology (81.1 million) and O&GMCs (72.8 million). Among scrips, UNITY led the volumes with 60.1 million, followed by HASCOL (50.6 million) and UNITYR2 (50.6 million).

Sectors contributing to the performance include Fertilizer (-201 points), Inv Banks (-27 points), Banks (-19 points), Textile (-19 points), Technology (+31 points), O&GMcs (+29 points), Power (+22 points) and E&P (+18 points).

Volumes declined from 591.3 million shares as against 556.1 million shares (-6 percent DoD). Average traded value also declined by 14 percent to reach US$ 115.2 million as against US$ 133.7 million.

Stocks that contributed significantly to the volumes include UNITY, HASCOL, UNITYR2, WTL and TRG, which formed 41 percent of total volumes.

Stocks that contributed positively to the index include TRG (+37 points), HUBC (+22 points), BAHL (+20 points), SNGP (+15 points) and HASCOL (+13 points). Stocks that contributed negatively include FFC (-114 points), ENGRO (-44 points), MCB (-27 points), EFERT (-26 points) and DAWH (-24 points).

KARACHI: The stock market ended with a decline of 86 points on Wednesday as Supreme Court of Pakistan (SCP) is scheduled to decide Gas Infrastructure Development Cess (GIDC) on August 13, 2020.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,473 points as against 40,559 points showing a decline of 86 points.

Analysts at Arif Habib Limited said that the market added a total of 559 points during the session posting a new recent high of 41,119 points, however, selling pressure brought the index below the opening level.

E&P, Banks, Fertilizer sector contributed to early rise in the Index. Fertilizer sector felt the heat of SC’s decision on GIDC, which is scheduled to be announced tomorrow.

Similarly, HASCOL saw active trading with almost hitting upper circuit breaker and then lower circuit upon notice of grant of permanent license as an OMC in place of existing provisional one.

Index level above 41k, largely prompted profit booking just before the weekend. O&GMCs topped the volumes with 105.1 million shares, followed by Cement (72.8 million) and Technology (69.7 million).

Among scrips, HASCOL led the volumes with 87.3 million shares, followed by TRG (36.3 million) and PRL (32.1 million).

Sectors contributing to the performance include Cement (-57 points), O&GMCs (-33 points), E&P (-29 points), Pharma (-19 points) and Inv Banks (-18 points).

Volumes declined from 600 million shares to 591.2 million shares (-2 percent DoD). Average traded value also declined by 10 percent to reach US$ 133.6 million as against US$ 147.9 million.

Stocks that contributed significantly to the volumes include HASCOL, TRG, PRL, UNITYR2 and MLCF, which formed 33 percent of total volumes.

Stocks that contributed positively to the index include FFC (+60 points), HUBC (+43 points), NBP (+24 points), UBL (+19 points) and TRG (+13 points). Stocks that contributed negatively include PPL (-16 points), MCB (-16 points), LUCK (-16 points), DAWH (-14 points) and PSO (-14 points).

KARACHI: The stock market gained 644 points on Tuesday owing to positive activity seen in energy sector.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,559 points as against 39,915 points showing an increase of 644 points.

Analysts at Arif Habib Limited said that the market opened on a positive note today with +135 points.

Banks, E&P, OMCs, Cement and Fertilizer stocks helped the index stage recovery from selling that was observed in the past couple of sessions.

The real head turner today happened to be HUBC and KAPCO, of which both hit upper circuit on anticipation of resolution of issues with GOP, as indicated by Advisor to PM on Finance. International crude oil prices remained on the upside, which made E&P stocks post price gains.

Increase in fertilizer prices also contributed to buying activity in Fertilizer sector. Among O&GMCs, SSGC and HASCOL hit upper circuits. O&GMCs posted the most volume with 94.6 million shares, followed by Cement (75.1 million) and Power (72.4 million).

Among scrips, HASCOL topped the volumes with 65.4 million, followed by KEL (36 million) and TRG (31.2 million).

Sectors contributing to the performance include Power (+166 points), E&P (+147 points), Banks (+107 points), Cement (+81 points) and O&GMCs (+64 points).

Volumes increased from 576.5 million shares to 600.0 million shares (+4 percent DoD). Average traded value however, increased by 42 percent to reach US$ 147.7 million as against US$ 104.1 million.

Stocks that contributed significantly to the volumes include HASCOL, KEL, TRG, UNITYR2 and UNITY, which formed 31 percent of total volumes.

Stocks that contributed positively to the index include HUBC (+128 points), PPL (+81 points), UBL (+45 points), LUCK (+43 points) and OGDC (+39 points). Stocks that contributed negatively include TRG (-18 points), BAHL (-15 points), MTL (-10 points), INDU (-9 points) and HCAR (-6 points).