Tag: KSE-100

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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KARACHI: The share market witnessed an increase of 176 points on Monday amid gathering of combined opposition in financial hub of the country.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,340 points as against 40,164 points showing an increase of 176 points.

Market discounted the anticipated negative impact of the demonstration and gathering conducted by the combined Opposition parties against the incumbent government.

Analysts at Arif Habib Limited said that investor sentiment was already dampened at the close of session last week and it was anticipated to further deteriorate post allegations made by PML N leader on the military establishment.

Contrary to general expectation, the index sided with the positive expectation on the upcoming quarterly results that helped index trade green for most part of the session.

By the end of the ongoing week, FATF plenary session is also scheduled to be announced where Pakistan may get relief from Enhanced Follow-up List.

Fertilizer off-take numbers helped the listed Fertilizer stocks to post gains especially EFERT and ENGRO. Post announcement of its financial results last Friday, HBL gained further however, profit booking brought the stock price slightly lower from LDCP.

E&P sector also contributed positively to the index with earnings of 4 listed E&P companies due to be announced in the coming days.

Among scrips, UNITY topped the volumes with 53.6 million shares, followed by PIBTL (36.6 million) and FFL (26.7 million).

Sectors contributing to the performance include Fertilizer (+87 points), E&P (+31 points), O&GMCs (+19 points), Transport (+15 points) and Vanaspati (+14 points).

Volumes increased from 254.2 million shares to 319.6 million shares (+25 percent DoD). Average traded value also increased by 3 percent to reach US$ 49.0 million as against US$ 47.6 million.

Stocks that contributed significantly to the volumes include UNITY, PIBTL, FFL, KOSM and HASCOL, which formed 51 percent of total volumes.

Stocks that contributed positively to the index include ENGRO (+62 points), EFERT (+23 points), MARI (+20 points), MEBL (+16 points) and PIBTL (+15 points). Stocks that contributed negatively include HBL (-13 points), MCB (-12 points), POL (-5 points), PAKT (-5 points) and NBP (-5 points).

KARACHI: The stock market may be dictated by FATF’s plenary sessions scheduled to be held next week. Analysts at Arif Habib Limited said that the stock market next week will be dictated by FATF’s plenary session scheduled to be on October 21 – 23, 2020.

Whereas reappearance of COVID-19 infection ratio to over 2 percent may also trigger another smart lockdown in big cities.

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 13.9x and while offering DY of ~6.3 percent versus ~2.7 percent offered by the region.

The market slipped again this week as APG (Asia-Pacific Group, a regional affiliate of the Financial Action Task Force – FATF) retained Pakistan on its enhanced follow-up list based on the country’s performance up until February 2020, while concerns over rising inflationary levels, news flow citing hurdles over continuation of the IMF program, and aggression from the opposition also dampened sentiment at the index.

Although Remittances attaining the above USD 2bn level for the fourth consecutive month in Sep’20 (up by 31 percent YoY) and suspension of poor nations’ debt repayment by the G20 for another six months, provided respite.

We do highlight that foreign markets remained jittery as well with the US Presidential election only a few sessions away.

The benchmark KSE-100 index closed at 40,164points (down by 1.6 percent / 634 points WoW).

Sector-wise negative contributions came from i) Oil and Gas Exploration Companies (212points), ii) Cement (116 points), iii) Power Generation and Distribution (60 points), iv) Oil and Gas Marketing Companies (56 points), and Technology & Communication (51 points). On the other hand, positive contributions were led Chemical (16 points) and Commercial Banks (10 points). Scrip-wise top negative contributors were HUBC (69 points), PPL (68 points) and OGDC (63 points).

Foreign selling continued this week clocking-in at USD 2.7 million compared to a net sell of USD 7.5 million last week. Selling was witnessed in E&P (USD 2.8 million) and Cement (USD 0.8 million). On the domestic front, major buying was reported by Banks / DFIs (USD 7.6 million and Insurance Companies (USD 2.4 million).

Average volumes arrived at 296 million shares (down by 29 percent WoW) while average value traded settled at USD 61 million (up by 24 percent WoW).

KARACHI: The share market gained 95 points on Friday amid mixed trading sessions and political uncertainty.

The benchmark KSE-100 of Pakistan Stock Exchange (PSX) closed at 40,164 points from previous day’s closing of 40,070 points, showing an increase of 95 points.

Analysts at Topline Securities said that KSE-100 index depicted erratic behavior today, where it traded between an intraday high of 152 points and intraday low of -326 points, to finally close at 40,164.

Major contribution to the index came from HBL, MEBL, UNITY, FFBL and DGKC, where they cumulatively contributed 158 points to the index, whereas MTL, PPL, LUCK, ENGRO and FCEPL lost value to weigh down the index by -78 points.

Low participation was observed today, where investors preferring to remain on sideline, given political noise in the country where opposition is staging multiple power shows against the government.

Traded volume and value for the day stood at 254 million shares and Rs.7.7 billion. UNITY was today`s volume leader with around 45 million shares.