Tag: KSE-100

KARACHI: The share market gained 127 points on Tuesday as energy scrips witnessed improved trading after hydrocarbon discovery announced by POL.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 36,745 points as against 36,619 points showing an increase of 127 points.

Analysts at Arif Habib Limited said that the market realized a second consecutive day with +460 million volume and in the process posted a gain of 317 points during the session taking the KSE100 index to a recent time high of 36,936 points.

Highlight of the day turned out to be PPL, which realized high trading volume and after initial trades at below LDCP, the price spiked significantly. Despite international crude prices facing a down day, E&P scrips (PPL and POL) posted decent gains.

POL also announced a hydrocarbons discovery that took the stock price trading near upper circuits. Profit booking was mainly observed in Cement sector throughout the day, and similar pressure was observed in E&P stocks that brought the Index to close +127 points.

Cement sector posted highest traded volumes of 51.9 million shares, followed by Power (48.1 million) and Cable (37.9 million). Among scrips, KEL topped the volumes with 39.2 million shares, followed by PAEL (33.5 million) and MLCF (25.2 million).

Sectors contributing to the performance include E&P (+66 points), Inv Banks (+36 points), Fertilizer (+24 points), Misc (+11 points), Pharma (+10 points), Cement (-23 points) and O&GMCs (-15 points).

Volumes declined slightly to 466 million shares against 468.9 million shares the other day (-0.6 percent DoD). Average traded value also declined by 2 percent to reach US$ 109.5 million as against US$ 111 million.

Stocks that contributed significantly to the volumes include KEL, PAEL, MLCF, PPL and UNITY, which formed 30 percent of total volumes.

Stocks that contributed positively to the index include POL (+44 points), DAWH (+31 points), PPL (+16 points), KEL (+15 points) and SHFA (+11 points). Stocks that contributed negatively include PSO (-18 points), LUCK (-11 points), HUBC (-10 points), BAFL (-9 points), and DGKC (-8 points).

KARACHI: The equity market gained 428 points on Monday owing to increased activity in construction sector, analysts said.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 36,619 points as against 36,190 points showing an increase of +428 points.

Analysts at Arif Habib Limited said that the first day after resumption of trading hours to Pre-COVID brought higher volumes, touching 468 million shares which is slightly higher than what was observed on Thursday.

This is the highest volume so far in CY20. Index also moved uni-directional, gaining 532 points during the session and closing at +428 points.

Cement sector led the sentiment with MLCF realizing the most trading volumes in recent times.

Majority of the cement sector scrips traded at and near upper circuits. Recently announced Housing Scheme has brighten the prospects for the Cement companies in addition to declining coal prices and increase in retail price / bag.

Among O&GMCs, PSO and SSGC stood out with higher volumes and price appreciation. Similar bullish sentiment was observed in Steel sector, which saw ASTL and MUGHAL hitting upper circuits.

Overall, Cement sector topped the volumes with 144.5 million shares (30 percent of total traded volumes), followed by Technology (43.2 million) and Engineering (34.2 million).

Among scrips, PAEL (21.9 million) and TRG (21.2 million) followed MLCF with 76.4 million shares.

Sectors contributing to the performance incude Cement (+162pt), O&GMCs (+56 points), E&P (+50 points), Banks (+37 points) and Autos (+31 points).

Volumes increased from 292.7 million shares to 468.9 million shares (+60 percent DoD). Average traded value also increased by 94 percent to reach US$ 111.4 million as against US$ 57.5 million.

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

Stocks that contributed positively to the index include LUCK (+57 points), PSO (+42 points), DGKC (+34 points), MEBL (+21 points) and CHCC (+19 points). Stocks that contributed negatively include PSEL (-7 points), EFUG (-6 points), PAKT (-5 points), HUBC (-5 points), and BOP (-5 points).

KARACHI: The stock market may maintain positive momentum during the next week owing to improvement sentiments and ease in cases related to COVID-19.

Analysts at Arif Habib Limited expect the market to maintain its positive momentum in the coming week.

Investor’s sentiment is expected to improve further on account of continuous decline in COVID-19 cases on a daily basis.

Moreover, with the SBP’s foreign exchange reserves climbing up, they expect the PKR/USD parity to stabilize.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 7.7x (2020) compared to Asia Pacific regional average of 13.1x and while offering DY of ~6.2 percent versus ~2.7 percent offered by the region.

The market commenced on a positive note this week given flattening of the COVID-19 curve along with higher recovery rate of patients.

Furthermore, jump in SBP’s foreign exchange reserves (up by USD 811 million), reduction in mark-up on Long Term Financing Facility (from 6 percent to 5 percent) and Temporary Economic Refinance Facility (from 7 percent to 5 percent) as well as extension in deferment of principal amount facility pushed the index beyond 36,000 points level.

Moreover, surge in cement sales by 30 percent YoY in June 2020, fall in trade deficit by 27 percent YoY in FY20 and 19 percent YoY higher sales of OMCs during June 2020 added fuel to the sentiment.

The index settled at 36,190 points, gaining 1,139 points (up by 3.3 percent) WoW.

Sector-wise positive contributions came from i) Commercial Banks (495 points), ii) Cement (141 points), iii) Oil & Gas Exploration Companies (135 points), iv) Automobile Assembler (82 points) and v) Oil & Gas Marketing Companies (69 points).

Whereas, negative contributions came from Power Generation and Distribution (23 points) and Fertilizer (17 points). Scrip-wise positive contributions were led by HBL (141 points), PPL (70 points), UBL (65 points), NBP (46 points) and INDU (43 points).

Foreign selling continued this week clocking-in at USD 9.5 million compared to a net sell of USD 20.5 million last week.

Selling was witnessed in Commercial Banks (USD 2.9 million) and Cement (USD 2.3 million). On the domestic front, major buying was reported by Insurance Companies (USD 4.6 million and Companies (USD 2.8 million).

Average volumes settled at 349 million shares (up by 39 percent WoW) while average value traded clocked-in at USD 74 million (up by 44 percent WoW).

KARACHI: The stock market gained 48 points on Thursday as range bound session was observed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 36,190 points as against previous day’s closing of 36,142 points, showing an increase of 48 points.

Analysts at Topline Securities said that range bound session was observed at the local bourse as the index juggled between positive and negative zone to close at that 36,190 level.

Major positive contribution came from LUCK, NBP and ENGRO as they cumulatively contributed 54 points to the index, whereas PPL, TRG and OGDC lost value to weigh down on the index by -34 points.

Traded volume and value for the day stood at 292 million shares and Rs.9.57 billion respectively.

UNITY was today`s volume leader with around 28 million shares.

KARACHI: Benchmark KSE-100 of Pakistan Stock Exchange (PSX) continued its positive momentum for the 10th consecutive session to close at 36,142 level on Thursday.

These past 10 days have returned 7.2 percent (2,423 points), analysts at Topline Securities said.

Market was led by financial and E&P sectors while Pharmaceutical and Cement sector saw profit taking. Investor interest was also observed in technology sector where AVN and NETSOL closed 7.5 percent higher as the sector is doing well given IT service demand has increased during the COVID-19 pandemic.

Traded volume and value for the day increased by 47 percent and 20 percent on DoD basis to 467 million shares (highest volume of 2020) and Rs.15.6. billion (highest since 21 April-2020) respectively. UNITY was today`s volume leader with 40.6 million shares.

KARACHI: The equity market gained 151 points on Monday to observe positive streak and follow international market movement.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 35,203 points as against 35,051 points showing an increase of 151 points.

Analysts at Arif Habib Limited said that the market went up 187 points during the session and made a comfortable close above 35200 level.

E&P, OMC, Cement and Pharma sectors performed well. Although profit booking was also observed in Pharma sector.

Fertilizer sector bore price loss on the back of profit booking. Among Chemical sector, both LOTCHEM and EPCL performed well with LOTCHEM closing at upper circuit.

Technology sector led the volumes with 66.8 million shares, followed by Chemical (48.7 million) and Cable (39.2 million). Among scrips, TRG did 37.7 million shares, followed by PAEL (37.6 million) and LOTCHEM (30.8 million).

Sectors contributing to the performance include E&P (+40 points), Cement (+34 points), Pharma (+26 points), O&GMCs (+26 points) and Autos (+18 points).

Volumes increased from 175.7 million shares to 332.2 million shares (+89 percent DoD). Average traded value also increased by 66 percent to reach US$ 67 million as against US$ 40.4 million.

Stocks that contributed significantly to the volumes include TRG, PAEL, LOTCHEM, MLCF and JSCL, which formed 40 percent of total volumes.

Stocks that contributed positively to the index include PPL (+16 points), PSO (+16 points), INDU (+14 points), GLAXO (+10 points) and TRG (+10 points). Stocks that contributed negatively include HUBC (-40 points), DAWH (-34 points), FFC (-18 points), BAFL (-7 points), and PTC (-6 points).

KARACHI: The equity market likely to stay positive in the coming week owing to fall in corona cases during past couple of days.

Analysts at Arif Habib Limited said that the market to remain positive in the upcoming week.

With COVID-19 cases reducing on daily basis along with higher recovery rate we expect investor confidence to improve.

Given further inflow of funds, SBP’s foreign reserves are expected to swell up, which will stabilize Pak Rupee/USD parity.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 7.4x (2020) compared to Asia Pac regional average of 12.9x and while offering DY of 6.4 percent versus 2.8 percent offered by the region.

The market commenced on a positive note this week amid rally in OMC scrips due to rise in petroleum prices last week, followed by increase in international oil prices (leading to upward movement in E&P scrips).

Furthermore, approval of Federal Budget 2020-21 in National Assembly, monetary funding worth USD 500 million from World Bank and loan from Chinese Banks of USD 1.3 billion led to higher investor sentiment.

Moreover, inflation for June 2020 of 8.59 percent remained in line with expectations. Besides this, urea offtake surging to 76 percent MoM in June 2020 added fuel to the sentiment.

Additionally, foreign reserves of SBP jumped up to USD 11.23 billion given monetary funds from multilateral institutions last week, after which PKR/USD parity settled at PKR 166.21.

The market settled at 35,051 points, gaining 1,112 points (up by 3.3 percent) WoW.

Sector-wise positive contributions came from i) Commercial (176 point), ii) Cements (170 point), iii) Oil & Gas Exploration Companies (140 point), iv) Fertilizer (136 point) and v) Technology & Communication (85 point). However, sector-wise negative contribution came from i) Automobile Parts & Accessories (7 point) and ii) Textile Spinning (4 point). Scrip-wise positive contributions were led by LUCK (107 point), OGDC (81 point), MCB (72 point), TRG (59 point) and PSO (50 point).

Foreign selling continued this week clocking-in at USD 20.5mn compared to a net sell of USD 9.9mn last week. Selling was witnessed in Commercial Banks (USD 8.8 million) and E&P (USD 3.9 8.8 million). On the domestic front, major buying was reported by Insurance Companies (USD 17.5 8.8 million) and Companies (USD 9.6 8.8 million).

Average Volumes settled at 251 8.8 million shares (up by 42 percent WoW) while average value traded clocked-in at USD 51 8.8 million (up by 45 percent WoW).

KARACHI: The stock market ended with 73 points on Friday after traded in narrow range trading.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 35,051 points as against 34,978 points showing an increase of 73 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range today between -60 points and +127 points, closing the session +73 points.

Pharma sector stood out with SEARL, FEROZ traded at and near upper circuits. Engineering (Steel) sector also showed price gains, barring MUGHAL, which closed negative.

Banking sector showed mixed trend, but buying activity was observed in HBL, UBL and BAFL. Among Fertilizer sector, EFERT realized high volume with price gains. Cement, E&P and OMCs on the other hand saw profit booking and closed red.

Technology sector topped the volumes with 51.7 million shares, followed by Inv Banks (14.8 million) and Cement (13.8 million).

Among Scrips, TRG realized trading volume of 23.3 million shares, followed by JSCL (12.7 million) and HUMNL (9.1 million).

Sectors contributing to the performance include Pharma (+34 points), Banks (+32 points), Fertilizer (+28 points), Technology (+16 points), Cement (-33 points).

Volumes declined from 383 million shares to 175.8 million shares (-54 percent DoD). Average traded value also declined by 46 percent to reach US$ 40.6 million as against US$ 74.9 million.

Stocks that contributed significantly to the volumes include TRG, JSCL, HUMNL, WTL and PTC, which formed 35 percent of total volumes.

Stocks that contributed positively to the index include FFC (+24 points), SEARL (+23 points), TRG (+21 points), UBL (+21 points) and BAFL (+15 points). Stocks that contributed negatively include LUCK (-16 points), HUBC (-12 points), OGDC (-9 points), MCB (-8 points), and PSO (-7 points).

KARACHI: The equity market gained 89 points on Thursday in a mixed trading activity, analysts said.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,978 points as against 34,889 points showing an increase of 89 points.

Analysts at Arif Habib Limited said that the KSE-100 index went up by 288 points during the session, which was contributed by a mix of sectors including Cements and Fertilizer sectors (which hit day’s high in early trading, but faced profit booking in later part of the session). Banking sector gained further as investors showed renewed interest post release of CPI data.

Among Cyclicals, Engineering (Steel) showed better performance contributed by MUGHAL and ASTL primarily, trading at and near upper circuits. Similar price performance was witnessed in Pharma stocks, among which SEARL and FEROZ remained prominent.

Technology sector contributed most to the traded volumes with 105.3 million shares, followed by Cement (51.7 million) and Banks (27.3 million). Among scrips, WTL topped 52.6 million shares, followed by TRG (28.6 million) and MLCF (21.1 million).

Sectors contributing to the performance include Banks (+58 points), Technology (+24 points), Food (+16 points), Pharma (+14 points), Power (-37 points).

Volumes increased further from 315 million shares to 383.1 million shares (+22 percent DoD). Average traded value also increased by 17 percent to reach US$ 74.9 million as against US$ 63.9 million.

Stocks that contributed significantly to the volumes include WTL, TRG, MLCF, PAEL and HASCOL, which formed 37 percent of total volumes.

Stocks that contributed positively to the index include NESTLE (+20 points), MCB (+19 points), UBL (+18 points), BAHL (+18 points) and EFERT (+14 points). Stocks that contributed negatively include HUBC (-31 points), FFC (-13 points), DAWH (-13 points), MEBL (-8 points), and MARI (-8 points).