Tag: KSE-100

KARACHI: The State Bank of Pakistan (SBP) is scheduled to issue monetary policy statement (MPS) on September 21, 2020 which will move the stock market during the next week.

Analysts at Arif Habib Limited said that with SBP’s Monetary Policy Committee (MPC) expected to maintain a status quo stance, they expect the monetary policy announcement on Monday (September 21, 2020) to be a non-event for the market.

In addition, expectations of PM Khan delivering another fiery speech at the UN General Assembly on September 25, 2020, fortifying Pakistan on the global map, should also aid sentiments.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 7.7x (2021) compared to Asia Pac regional average of 14.0x and while offering DY of ~5.9 percent versus ~2.7 percent offered by the region.

Uncertainty over approval of FATF bills in the Parliament together with pressure on International oil prices during earlier part of the week perturbed sentiment at the domestic equity bourse.

In addition, investors adopted a hibernation policy prior to next week’s Monetary Policy meeting (marking end of a 3 month hiatus by the SBP), which kept the volumes dry. Thus, the market closed down by 26 points WoW / -0.1 percent WoW to 42,505 level.

Sector-wise negative contributions came from i) Insurance (47 points), ii) Commercial banks (38 points), iii) Power generation and distribution (37 points), iv) Tobacco (28 points), and v) Textile composite (25 points). Whereas positive sectoral contributions were led by i) E&P (61 points), ii) Chemical (25 points), and iii) Food and personal care products (21 points). Scrip-wise main laggards were: TRG (27 points), PPL (26 points), PAKT (25 points), KAPCO (25 points) and HBL (24 points).

Foreigners offloaded stocks worth of USD 1.69 million compared to a net sell of USD 4.40 million last week. Major selling was witnessed in Commercial Banks (USD 2.41 million) and Food and personal Care Products (USD 2.32 million). On the local front, buying was reported by Insurance Companies (USD 10.56 million) followed by Mutual Funds (USD 3.56 million). That said, Average volumes settled at 537 million shares (down by a 28 percent WoW). While average value traded clocked-in at USD 93 million (depicting a decline of by 35 percent WoW).

KARACHI: The share market witnessed a robust increase of 170 points on Friday, propelled by the rebalancing of international stock markets and improved sentiments ahead of the forthcoming Monetary Policy Statement (MPS).

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KARACHI: The share market gained 53 points on Thursday despite selling pressure seen in the market during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,334 points as against 42,282 points showing an increase of 53 points.

Analysts at Arif Habib Limited said that the market opened on a positive note with +193 points and added a total of 350 points on the index.

Selling pressure eroded most of the gains by the end of session, closing the index +53 points. Financial results of DGKC helped the stock post price gains.

Among technology stocks, PTC hit upper circuit whereas Chemical sector helped EPCL touch recent times high. Technology sector topped the volumes with 108.6 million shares, followed by Power (47.5 million) and Vanaspati (45.2 million). Among scrips, KEL led the table with 70.5 million shares, followed by HASCOL (37.4 million) and DCL (28.1 million).

Sectors contributing to the performance include Chemical (+23 points), Technology (+17 points), E&P (+14 points), Insurance (-15 points), Pharma (-7 points).

Volumes increased from 489.6 million shares to 508.7 million shares (+4 percent DoD). Average traded value also increased by 3 percent to reach US$ 90.8 million as against US$ 87.9 million.

Stocks that contributed significantly to the volumes include PTC, UNITY, HASCOL, FFL and PIBTL, which formed 42 percent of total volumes.

Stocks that contributed positively to the index include EPCL (+20 points), POL (+14 points), PTC (+13 points), PSO (+13 points) and ENGRO (+12 points). Stocks that contributed negatively include FFC (-12 points), AICL (-9 points), JLICL (-8 points), NESTLE (-6 points) and ABL (-5 points).

KARACHI: The stock market fell by 64 points on Wednesday as investors’ sentiments shaken over FATF bill, which required parliamentary approval.

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KARACHI: The stock market fell by 185 points on Tuesday as investors opted for profit booking during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,346 points as against 42,531 points showing a decline of 185 points.

Analysts at Arif Habib Limited said that the market opened on a positive today, maintained positive momentum during the session but selling pressure in the end brought the index down.

Profit booking continues from past sessions, however, Investors have generally been switching positions from stocks that have nearly doubled from their recent bottoms (Cement) into Stocks that have had muted performance (Banks & O&GMCs).

ENGRO saw selling pressure due to it being Ex-dividend, however, prospects of increase in price of fertilizer kept the buying interest alive. Cement sector stocks performed well during the session on the back of increase in cement prices in North region, however, profit booking brought the prices down again.

O&GMCs topped the volumes with 74.2 million shares, followed by Cement (74.1 million) and Power (63.4 million). Among scrips, HASCOL led the volumes with 63.7 million shares, followed by KEL (54 million) and BYCO (42.6 million).

Sectors contributing to the performance include Banks (-66 points), Fertilizer (-50 points), Inv Banks (-25 points), Technology (-25 points) and Insurance (-16 points).

Volumes increased from 509.5 million shares to 662.8 million shares (+30 percent DoD). Average traded value also increased by 28 percent to reach US$ 111.9 million as against US$ 87.5 million.

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

Stocks that contributed positively to the index include MTL (+13 points), NESTLE (+11 points), MLCF (+10 points), THALL (+7 points) and EPCL (+6 points). Stocks that contributed negatively include ENGRO (-39 points), DAWH (-22 points), UBL (-21 points), HBL (-20 points) and TRG (-18 points).

KARACHI: The stock market likely to trade in green zone during next week due to higher interest of investors and improved economic indicators.

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The share market of Pakistan Stock Exchange (PSX) witnessed a notable decline of 117 points on Friday as selling pressure was observed across various sectors.

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KARACHI: The stock market gained 625 points on Thursday as investors responded positively to a banking facility for non-resident Pakistanis.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,647 points as against 42,022 points showing an increase of 625 points.

Analysts at Arif Habib Limited said that boisterous activity was witnessed at the Bourse in response to the Roshan Digital Account for Non-Resident Pakistanis (NRP) that would facilitate investment by Pakistani diaspora in Pakistan Stock Exchange listed shares as well as Government issued Securities.

Activity was seen across the board but was more pronounced in O&GMCs, E&P and Banking sectors. PSO traded near upper circuit, whereas OGDC, PPL and POL also responded positively to the uptick in international crude oil prices overnight.

Fertilizer sector also showed positivity as High Court granted stay on GIDC collection. Technology sector realized trading volume of 138.8 million shares, followed by Transport (126.6 million) and Banks (76.6 million). Among scrips, PIBTL topped the volumes with 121.7 million shares, followed by HASCOL (48 million) and WTL (42.9 million).

Sectors contributing to the performance include Banks (+176 points), Cement (+85 points), E&P (+85 points), Fertilizer (+64 points) and Power (+57prts).

Volumes increased from 707 million shares to 885.0 million shares (+25 percent DoD). Average traded value also increased by 27 percent to reach US$ 163.2 million as against US$ 128.1 million.

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

Stocks that contributed positively to the index include MCB (+65 points), LUCK (+62 points), HUBC (+53 points), PPL (+49 points) and PSO (+37 points). Stocks that contributed negatively include TRG (-13 points), SYS (-12 points), NATF (-9 points), ATLH (-8 points) and BAHL (-4 points).

KARACHI: The stock market gained 37 points on Wednesday in a range bound trading activity during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,022 points as against 41,985 points showing an increase of 37 points.

Analysts at Arif Habib Limited said that the market traded in range between -374 points and +211 points, closing the session +37 points.

Selling pressure ensued the global sell off which was observed overnight in US markets and carried the same sentiment in regional markets.

KSE100 followed suit and saw selling pressure in E&P, OMCs and Cement sectors throughout the session with varying intensity. Selling pressure built again in PSO, HASCOL and UBL by the close of session which otherwise saw buying activity.

OGDC & PPL also observed selling activity on the back of significant decline in crude oil prices.

Technology sector posted high volumes of 172.9 million shares, followed by O&GMCs (83.2 million) and Refinery (64.8 million). Among scrips, HASCOL topped the volumes with 75.6 million shares, followed by PTC (63 million) and PIBTL (57.2 million).

Sectors contributing to the performance include Banks (+42 points), Technology (+32 points), Insurance (+23 points), Food (+22 points), E&P (-55 points), O&GMCs (-23 points),  and Power (-20 points).

Volumes declined from 884.4 million shares to 707.0 million shares (-20 percent DoD). Average traded value also declined by 24 percent to reach US$ 128.0 million as against US$ 167.7 million.

Stocks that contributed significantly to the volumes include HASCOL, PTC, PIBTL, WTL and TRG, which formed 38 percent of total volumes.

Stocks that contributed positively to the index include HBL (+31 points), TRG (+20 points), NATF (+18 points), LUCK (+14 points) and JLICL (+12 points). Stocks that contributed negatively include OGDC (-31 points), HUBC (-14 points), UBL (-14 points), PPL (-14 points) and MARI (-11 points).

KARACHI: The Pakistan stock market witnessed a gain of 272 points on Monday as the benchmark KSE-100 index closed at 42,293 points, up from the previous close of 42,023 points.

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