Tag: KSE-100

KARACHI: The stock market witnessed decline of another 520 points on Wednesday owing to selling pressure.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,338 points as against 38,858 points showing a decline of 520 points.

Analysts at Arif Habib Limited said that the market observed continuation of downward trend today with index falling by 784 points during the session and closing -520 points.

Similar to previous couple of sessions, foreign selling kept the local investors cautious despite positive news triggers. International crude price traded below US$50/bbl that caused E&P and OMC stocks to slide.

Similarly, Banking sector saw profit booking by concerned investors as foreign selling continued unabated.

Vanaspati segment realized trading volumes of 29.8 million shares, followed by O&GMCs 1(17.4 million) and Cement (16 million).

Among scrips, UNITY led the volumes with 29.8 million shares, followed by HASCOL (10.4 million) and TRG (7.5 million).

Sectors contributing to the performance include Fertilizer (-78 points), Banks (-77 points), Power (-68 points), O&GMCs (-50 points) and Inv Banks (-50 points).

Volumes increased from 124.3 million shares as against 147.8 million shares (+19 percent DoD). Average traded value also increased by 16 percent t reach US$ 45.1 million as against US$ 38.6 million.

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

Stocks that contributed positively include HMB (+9 points), SCBPL (+4 points), MUREB (+3 points), SHFA (+2 points) and SEARL (+2 points).

Stocks that contributed negatively include HUBC (-63 points), ENGRO (-56 points), DAWH (-48 points), UBL (-38 points), and PAKT (-32 points).

KARACHI: The stock market was remained under pressure during the course of the day as concerns over coronavirus in neighboring country Iran continued to weigh down on investor sentiment.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,858 points as against 39,144 points showing a decline of 285 points.

Analysts at Topline Securities said that KSE 100 index remained under pressure during the course of the day as concerns over coronavirus in neighboring country Iran continued to weigh down on investor sentiment.

Result announcement of main board companies that clocked in lower than the street consensus didn`t offer any respite to the market.

Analysts at Arif Habib Limited said that the market opened 105 points down but quickly went green with 104 points for a short while, only falling back in to red zone for the rest of the session.

During the session, index lost 451 points and closed the session -285 points. E&P, Banks, and OMCs largely faced selling pressure, whereas Cement and Steel sectors showed price gains.

PPL announced financial results today and failed to impress the investors that resulted in further selling in the stock. Cement sector led the table with 17.7 million shares, followed by Banks (17.6 million) and Technology (12.4 million).

Among scrips, UNITY topped the chart with 10 million shares, followed by BOP (9.2 million) and HASCOL (8.6 million).

Sectors contributing to the performance include Banks (-116 points), E&P (-81 points), Fertilizer (-47 points), Tobacco (-34 points), Power (-28 points) and Cement (+25 points).

Volumes declined from 144.2 million shares to 124.3 million shares (-14 percent DoD). Average traded value however, increased from US$ 35.7 million to US$ 386 million (+8 percent DoD).

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

Stocks that contributed positively include MEBL (+20 points), NBP (+13 points), EFERT (+12 points), KOHC (+7 points) and MARI (+7 points). Stocks that contributed negatively include UBL (-54 points), PPL (-52 points), ENGRO (-49 points), HBL (-42 points), and MCB (-36 points).

KARACHI: The stock market plunged by 1,105 points or 2.7 percent on Monday owing to rising coronavirus cases in neighboring country.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,144 points as against 40,249 points showing a decline of 1105 points (-2.7 percent DoD).

Analysts at Arif Habib Limited said that the market bled a total of 1169 points during the session and closed 1105 points down from LDCP.

Concerns from pending IMF Executive Board’s decision to developing and worsening situation at border with Iran due to Corona virus and decline in international crude oil prices caused panic among investors.

Foreign investors have largely been sellers during the past couple of sessions due to possible de-tracking and reversal of rupee appreciation that the currency has realized so far since last quarter.

Barring 48 scrips in green and 17 scrips unchanged, a total of 271 scrips on the Bourse saw decline across the board including E&P, Refineries, OMCs, Cement, Steel and Banking sectors being the prominent ones.

O&GMCs topped the volumes with 18.3 million shares, followed by Banks (17.4 million) and Cement (17.1 million).

Among scrips, HASCOL realized volumes of 14.4 million, followed by UNITY (11.5 million) and KEL (10.6 million).

Sectors contributing to the performance include Banks (-311 points), E&P (-188 points), Fertilizer (-109 points), Power (-94 points) and Cement (-82 points).

Volumes increased from 85.6 million shares to 144.1 million shares (+68 percent DoD). Average traded value also increased by 54 percent to reach US$ 35.7 million as against US$ 23.2 million.

Stocks that contributed significantly to the volumes include HASCOL, UNITY, KEL, BOP and MLCF, which formed 35 percent of total volumes.

Stocks that contributed positively include NESTLE (+37 points), MUREB (+5 points), MTL (+4 points), DCR (+1 points) and EFUG (+1 points). Stocks that contributed negatively include PPL (-86 points), HBL (-78 points), HUBC (-67 points), UBL (-67 points), and OGDC (-60 points).

KARACHI: The Novel Coronavirus haunted the investors of Pakistan Stock Exchange (PSX) as the equity market fell by around 720 points in early day trading on Monday.

The benchmark KSE-100 index of PSX fell by 720 points in less than 90 minutes trading. The market is trading at 39,530 points.

Muhammad Sohail, Chief of Topline Securities, said that global markets had witnessed fall on fears that coronavirus affected Iranians and could affect Pakistan as well.

Sohail said that local bourses also witnessed sharp decline early in the day as investors fear coronavirus from Iran may affect Pakistan also.

He said that global market also witnessed decline as cases related to the virus on the rise.

KARACHI: The stock market likely to stay positive during next week on back of conclusion of the FATF review and expected approval of IMF’s third tranch, analysts said.

The analysts at Arif Habib Limited further said that the market would also respond positively to the imposition by the Federal Government on export of essential food items (Onions, Potatoes and Tomatoes) so as to control rising inflation along with deferment of hikes in utility rates till June 2020.

Moreover, improvement witnessed on macroeconomic front, with the Current Account Deficit (CAD) shrinking by 72 percent in 7MFY20 and rising foreign investment in debt securities exceeding the USD 3 billion mark, also augur well.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 6.9x (2020) compared to Asia Pac regional average of 12.2x while offering a dividend yield of ~6.8 percent versus ~2.8 percent offered by the region.

This week trading activity remained dull and index movement was mixed attributable to concerns over a meeting of the Financial Action Task Force (FATF), convened to ascertain Pakistan’s status (Grey or White List); it became evident by Thursday evening that Pakistan is likely to stay in the Grey List.

On the other hand, investors remained cautious on the back of a strict stance of the International Monetary Fund (IMF) staff to keep the budgeted revenue targets for FY20 unchanged while talks regarding the release of the third tranche remain ongoing. Despite increase in international oil prices by 4.5 percent WoW, Oil and Gas Exploration sector remained under pressure due to foreign selling. As a result, the benchmark KSE-100 index closed at 40,249 points, merely increased by 6 points or 0.01 percent WoW.

Contribution to the upside was led by i) Commercial Banks (+133 points) due to financial result of HBL and UBL was better than expectation, ii) Cements (+20 points), iii) Textile Composite (+15 points), iv) Leather and Tanneries (+11 points), and v) Automobile Parts and Accessories (+9 points).Scrip wise major gainers were HBL (+70 points), UBL (+53 points), OGDC (+37 points), MCB (+34 points), and FFC (+30 points). Whereas, scrip wise major losers were ENGRO (-65 points), PAKT (-54 points), and PSO (-48 points).

Foreigners offloaded stocks worth of USD 8.57 million compared to a net sell of USD 11.15 million last week. Major selling was witnessed in Oil and Gas Exploration Companies (USD -3.02 million) and Cement (USD -2.77 million).

On the local front, buying was reported by Insurance Companies (USD +7.84 million) followed by Other Organizations (USD +3.81 million). That said, average daily volumes for the outgoing week were down by 37 percent to 106 million shares likewise value traded decreased by 23 percent to USD 31.2 million.

KARACHI: The stock market fell by 232 points on Friday owing to selling pressures during the trading sessions.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,249 points as against 40,482 points showing a decline of 232 points.

Analysts at Arif Habib Limited said that the market faced selling pressure and saw a drawdown of 311 points during the session, closing -232 points.

Market kept waiting for the official version of FATF plenary session till the close but merely got positive hints rather than an official statement.

E&P, Refineries, OMCs, Steel and Fertilizer bore selling pressure. MUGHAL announced financial results, which showed significant tax reversal that caused Investors to stay cautious and sell the stock, which brought stock price down in the closing half hour.

Trading activity in banking sector stocks remained muted. Cement Sector led the volumes with 19.6 million shares, followed by Food (9.8 million) and Power (9.1 million). Among scrips, MLCF topped the volumes with 8.1 million shares, followed by KAPCO (7.5M) and FFL (5.9 million).

Sectors contributing to the performance include Fertilizer (-92 points), Banks (-64 points), E&P (-49 points), Inv Banks (-35 points), Power (+24 points) and Cement (+21 points).

Volumes slipped further from 112.1 million shares to 85.6 million shares (-24 percent DoD). Average traded value also declined by 24 percent to reach US$ 23.2 million as against US$ 30.6 million.

Stocks that contributed significantly to the volumes include MLCF, KAPCO, FFL, UNITY and DGKC, which formed 36 percent of total volumes.

Stocks that contributed positively include HUBC (+24 points), LUCK (+18 points), SHFA (+8 points), HMB (+7 points) and PMPK (+6 points). Stocks that contributed negatively include ENGRO (-66 points), MCB (-44 points), DAWH (-34 points), OGDC (-31 points), and HBL (-24 points).

KARACHI: The stock market fell by 93 points on Thursday owing to selling pressure during trading sessions. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,481 points as against 40,575 points showing a decline of 93 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range between +123 points as against -129 points and closed the session with -93 points.

Although crude oil price went up in the international market, listed Oil and Gas chain did not respond to it and faced selling pressure.

HBL dropped significantly over the day after news relating to its exposure in UAE broke whereby UAE Central Bank hinted probing the matter.

Other than E&P, Refineries and OMCs one the downside, Cement and Steel sectors also went down. Cement sector led the volumes with 17 million shares, followed by Banks (15.3 million) and O&GMCs (10.5 million).

Among scrips, HASCOL topped with 8.8 million shares, followed by BOP (8.7 million) and DGKC (8.1 million).

Sectors contributing to the performance include E&P (-40 points), O&GMCs (-26 points), Cement (-25 points), Fertilizer (-19 points), Chemical (+17 points).

Volumes dipped again from 142.9 million shares to 112 million shares (-22 percent DoD). Average traded value also declined by 28 percent to reach US$ 30.6 million as against US$ 42.2 million.

Stocks that contributed significantly to the volumes include HASCOL, BOP, DGKC, UNITY and MLCF, which formed 35 percent of total volumes.

Stocks that contributed positively include UBL (+34 points), COLG (+12 points), BAHL (+12 points), PKGS (+12 points) and IGIHL (+10 points). Stocks that contributed negatively include HBL (-45 points), OGDC (-17 points), MCB (-15 points), PPL (-13 points), and ENGRO (-12 points).

KARACHI: The stock exchange gained 399 points on Wednesday owing to positive vibes from ongoing FATF plenary session, analysts said.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,574 points as against 40,735 points showing an increase of 399 points.

Analysts at Arif Habib Limited said that the market moved up today by 469 points during the session and closed +399 points.

Trading volumes also improved over the day, which took cue from positive signals from ongoing FATF plenary session, expectation of tamed inflation for the month of February and higher crude oil prices that helped OGDC stage recovery from last week’s levels.

The whole oil chain including E&P, OMCs and Refineries moved inline and showed buying interest from Investors. Similarly, Cement sector also saw buying activity that propped up stock prices, particularly DGKC, which traded near upper circuit.

Cement sector led the trading volumes with 24.1 million shares, followed by Vanaspati (21.6 million) and Technology (15.6 million). Among scrips, UNITY topped with 13.4 million shares, followed by HBL (5.4 million) and PSO (4.6 million).

Sectors contributing to the performance include Banks (+73 points), E&P (+73 points), Cement (+51 points), Fertilizer (+39 points) and Power (+32 points).

Volumes improved from 91.6 million shares to 142.9 million shares (+56 percent DoD). Average traded value also increased by 33 percent to reach US$ 42.2 million as against US$ 31.6 million.

Stocks that contributed significantly to the volumes include UNITY, HASCOL, DGKC, MLCF and TRG, which formed 38 percent of total volumes.

Stocks that contributed positively include OGDC (+50 points), UBL (+42 points), HUBC (+34 points), MCB (+32 points) and PPL (+22 points). Stocks that contributed negatively include HBL (-32 points), JLICL (-6 points), BAHL (-6 points), INDU (-5 points), and AGP (-4 points).

KARACHI: The stock market ended down by 101 points on Tuesday due to lackluster trading activities.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,175 points as against 40,277 points showing a decline of 101 points.

Analysts at Topline Securities said that the market continued with its momentum in terms of lackluster activity.

Index traded sideways making an intraday high of +324 points and intraday low of -211 points to finally close at 40,175 level.

Traded volume declined further to 92 million shares, whereas traded value improved slightly on DoD basis by 11 percent to Rs.4.9 billion.

Unity was volume leader for the second consecutive day of the week, as more than 13 million shares of the company changed hands during the trading activity.

PSO in the oil marketing sector declared its 2QFY20 result in which it posted EPS of Rs.6.19 for the quarter which was largely in line with expectation.

KARACHI: The stock market increased by 34 points on Monday amid dull trading activities.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,276 points as against 40,243 points showing an increase of 34 points.

Analysts at Arif Habib Limited said that the market witnessed dull activity today barely trading 100 million shares, even lower than 118 million shares observed on Friday.

E&P, Fertilizer, Cement and OMCs bore selling pressure, and even Banking sector (barring HBL) faced selling pressure.

News related to HBL’s irregularities in New York branch caused panic amongst investors, however, HBL did recover significantly post clarification by Management on the issue.

The Stock, which has financial results due on February 19, traded near upper circuit.

Vanaspati sector ranked top among volume leaders with 16.1 million shares, followed by Cement (15.4 million) and Banks (12 million).

Among scrips, UNITY realized trading volumes of 16.1 million shares, followed by DGKC (9.1 million) and HASCOL (7.9 million).

Sectors contributing to the performance include Banks (+74 points), OMCs (+23 points), E&P (30 points), Power (-29 points), Inv Banks (-13 points).

Volumes declined further from 117.6 million shares to 99.8 million shares (-15 percent DoD).

Average traded value increased by 16 percent to reach US$ 28.4 million as against US$ 24.5 million.

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

Stocks that contributed positively include HBL (+108 points), KAPCO (+16 points), PSO (+15 points), JLICL (+7 points) and COLG (+6 points).

Stocks that contributed negatively include HUBC (-48 points), PPL (-17 points), OGDC (-15 points), MCB (-12 points), and DAWH (-12 points).