Tag: KSE-100

The Pakistan stock market witnessed a significant rally on Friday, with the benchmark KSE-100 index climbing 341 points. The index closed at 37,584 points, up from 37,243 points, marking a robust session of across-the-board buying activities.

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KARACHI: The stock market increased by 76 points on Thursday amid profit taking during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 37,243 points as against 37,167 points showing an increase of 76 points.

Analysts at Arif Habib Limited said that the market gained +340 points and closed the session +76 points. Cement, Steel, Autos and Fertilizer stayed in the limelight with buying activity, whereas E&P and blue chip banks faced selling pressure.

Concerns on political uncertainty caused the investors to be cautious of downward adjustment in the Index and preferred booking profits wherever they could.

A major chunk of trading volumes was generated in MLCF’s Right shares, which registered volume of 38.6 million shares (11.5 percent of total).

Prices of MLCF and its Right went down in initial trading but saw heavy buying activity that took the prices towards upper circuit. Cement sector led the volumes with 47.4 million shares, followed by Banks (36.1 million) and Engineering (31.9 million). Among scrips, MLCFR1 registered volume of 38.6 million, followed by BOP (17.6 million) and PAEL (16.3 million).

Sectors contributing to the performance include Autos (+40 points), Banks (+23 points), Cement (+23 points), Pharma (+17 points), Technology (+13 points), E&P (-33 points), and O&GMCs (-16 points).

Volumes increased from 275.4 million shares to 336 million shares (+22 percent DoD). Average traded value however, declined by 6 percent to reach US$ 65.4 million as against US$ 69.2 million.

Stocks that contributed significantly to the volumes include MLCFR1, BOP, PAEL, TRG and DSL, which formed 30 percent of total volumes.

Stocks that contributed positively include MEBL (+26 points), BAHL (+22 points), INDU (+16 points), MTL (+16 points) and DGKC (+12 points). Stocks that contributed negatively include HBL (-32 points), COLG (-12 points), OGDC (-11 points), POL (-9 points), and LUCK (-9 points).

KARACHI: The stock market gained 401 points on Wednesday to cross 37,000 mark after seven months.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 37,167 points from last day’s closing of 36,7666 points.

Analysts at Topline Securities said that after depicting a flattish trend in last session, KSE-100 index returned to its upward trajectory to record gain of 1.09 percent/401 points to close at 37,167 level.

The last time the market saw 37,000 was back in Apr-2019 7 months ago.

Furthermore, today the value traded of Rs10.7 billion was the highest of the year thus far.

As per rumors in the market, Pension fund has made investment in mutual funds which led the index to rally 401 points.

Furthermore, (NML) Nishat Mills Limited ,(GATM) Gul Ahmad Textile Mills & FML Feroze Mills Limited closed positively in range of 3-5 percent on recent export based incentives package announced by state bank of Pakistan.

Top contributors to the Index were HBL (+64), followed by BAHL (+44) , ENGRO (+34) & MARI (+30).

Investor participation in terms of volume was recorded at 275 million shares down 6 percent; while traded value was up by 8 percent at Rs.10.7 billion.

UNITY was the market leader followed by WTL & TRG which cumulatively added 24 million shares to total volume.

KARACHI: The stock market ended down by 38 points on Tuesday owing to bearing trend prevailed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 36,766 points as against 36,803 points showing a decline of 38 points.

Analysts at Arif Habib Limited said that after making another stride of 368 points the index fell into bearish spell and saw erosion of gains made during the day, ending the session at a loss of 38 points.

Cement sector that garnered the most trading volume on the bourse, traded green for most part of the session, but saw selling activity in LUCK. On the whole, Banking, Fertilizer and Chemical sector largely performed negative and was further contributed by E&P and OMCs, which saw selling pressure by the end of the session.

Cement sector led the volumes with 44.6 million shares, followed by Technology (33.4 million) and Chemical (28.1 million). Among scrips, UNITY saw trading volumes of 16.1 million shares, followed by PAEL (16.1 million) and TRG (14.6 million).

Sectors contributing to the performance include Power (+80 points), Autos (+17 points), Food (+16 points), Technology (+15 points), Fertilizer (-69 points), Banks (-49 points), E&P (-34 points) and INv Banks (-27 points).

Volumes increased from 282.9 million shares to 292.1 million shares (+3 percent DoD). Average traded value also increased by 10 percent to reach US$ 64.3 million as against US$ 58.5 million.

Stocks that contributed significantly to the volumes include UNITY, PAEL, TRG, ISL and FCCL, which formed 24 percent of total volumes.

Stocks that contributed positively include HUBC (+58 points), INDU (+16 points), KAPCO (+14 points), TRG (+12 points) and DGKC (+12 points). Stocks that contributed negatively include FFC (-35 points), DAWH (-25 points), EFERT (-25 points), POL (-20 points), and MCB (-19 points).

KARACHI: The stock market surged by 825 points on Monday owing to expected policy rate cut, MSCI review and reports of deal of the government with PML (N).

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 36,803 points as against 35,978 points showing an increase of +825 points.

Analysts at Arif Habib Limited said that the market surged again with a mammoth 840 points and closed the session near day’s high that too at a time when the index has already increased by around 7000 points from low.

“Deal with PML (N) being on the cards, besides possible cut in SBP policy rate and MSCI review proving to be a non-event gave confidence to investors and rather than adjusting downwards, as was anticipated (possibly due to overbought levels) the market went up.”

Market volumes increased as well over the day, registering trading volumes of 283 million shares, contributed mostly by Banks (50.4 million) followed by Cement (32.5 million) and Technology (30.7 million).

Among scrips, BOP registered trading volume of 35.9 million shares, followed by WTL (14.5 million) and MLCF (11.7 million).

Sectors contributing to the performance include Banks (+221 points), E&P (+142 points), Power (+108 points), Cement (+82 points) and O&GMCs (+71 points).

Volumes increased from 210.6mn shares to 282.9mn shares (+34 percent DoD). Average traded value also increased from US$ 42.1mn to US$ 58.5mn (+39 percent DoD).

Stocks that contributed significantly to the volumes include BOP, WTL, MLCF, PIAA and LOTCHEM, which formed 29 percent of total volumes.

Stocks that contributed positively include HUBC (+81 points), UBL (+56 points), OGDC (+52 points), HBL (+48 points) and PPL (+42 points). Stocks that contributed negatively include PAKT (-28 points), PMPK (-8 points), MUREB (-4 points), DCR (-1 points), and SHFA (-1 points).

KARACHI: The upswing in the market may be met with some profit-taking next week. The continuation of the sit-in in the federal capital may create some apprehensions which we expect to create some short-lived jitters in the market, analysts said.

“We expect the stabilizing macro-economy to continue fueling the bullish trend over the medium to long term,” analysts at Arif Habib Limited said.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 6.2x (2020) compared to Asia Pac regional average of 13.6x and while offering DY of ~8.8 percent versus ~2.5 percent offered by the region.

The jubilance in the KSE-100 index continued from last week and provided an 11-week high return of 4.7 percent WoW. Expectation of a rate cut in the near future on the back of continuous decline in government securities’ yields was further cemented with the government slashing National Savings Scheme profit rates by 170-228bps across the different schemes.

However, inflation reading for October 2019 settled at 11.04 percent YoY which was higher than expectations, but failed to deter the positive momentum. Moreover, SBP reserves increased to USD 8.4 billion which is the highest level since April.

Furthermore, external account position continued to improve with the trade deficit declining 34 percent YoY during 4MFY20. The index closed at 35,978 points – a 6 month high (124 trading sessions), and up by 1601 points WoW.

Foreign buying was witnessed this week clocking-in at USD 4.5 million compared to a net sell of USD 3.1 million last week. Buying was witnessed in Fertilizer (USD 6.7 million) and OGMCs (USD 3.2 million).

On the domestic front, major selling was reported by Banks / DFIs (USD 6.0 million) and Insurance Companies (USD 4.6 million). Average Volumes settled at 258 million shares (up by 55 percent WoW) while average value traded clocked-in at USD 54 million (up by 52 percent WoW).

KARACHI: The stock market gained 220 points on Friday after mixed trading activities to respond MSCI review.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 35,978 points as against 35,759 points showing an increase of +220 points.

Analysts at Arif Habib Limited said that the market on a positive note today with +20 points. The Index went uni-directional and gained 230 points by the end of first session, while reaching a high of +290 points, and finally closed the day with +220 points.

Following past couple of sessions, Cement and Steel continued trading in red and kept the index under pressure. MSCI review, announced last evening, proved to be a sigh of relief for institutional funds which were expecting an exclusion from the Index and resultant deluge of selling activity in outgoing stocks.

On the contrary, MSCI review proved largely to be a non-event, which gave confidence to investors in large cap Banks and E&P companies, particularly MCB, HBL, OGDC and PPL. Major activity (volume wise) was observed in PIAA, WTL, KEL and HUMNL.

Sector wise, most volumes were registered in Technology (43.5 million), followed by Cement (25.6 million) and Inv Banks (18.3 million).

Sectors contributing to the performance include Banks (+93 points), E&P (+64 points), Fertilizer (+47 points), Inv Banks (+31 points), O&GMCs (+13 points).

Volumes continued declining trend and went down from 265.9 million shares to 209.4 million shares (+21 percent DoD). Average traded value also declined by 19 percent to reach US$ 41.9 million as against US$ 51.6 million.

Stocks that contributed significantly to the volumes include WTL, HUMNL, KEL, PIAA and BOP, which formed 29 percent of total volumes.

Stocks that contributed positively include MCB (+33 points), UBL (+30 points), DAWH (+30 points), OGDC (+27 points) and ENGRO (+27 points). Stocks that contributed negatively include HUBC (-27 points), COLG (-13 points), DGKC (-10 points), PMPK (-8 points), and FCCL (-7 points).

KARACHI: The stock market increased by 105 points on Thursday in a narrow band trading activities.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 35,758 points as against 35,6553 points showing an increase of 105 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range between -195 points and +181 points, closing the session +105 points.

Higher than expected inflation caused concern amongst investors about the upcoming monetary policy, where a few days back market had consensus view of a rate cut.

Selling activity was therefore observed in Cement and Steel sectors largely, which have lately seen consistent rally before and after recent announcement of financial results.

Consistent with recent trading pattern, technology sector registered the most trading volume with 68.2 million shares, followed by Cement (30.4 million) and Chemical (19.5 million).

Among scrips, WTL led the volumes with 45.8 million shares, followed by PAEL (16.7 million) and ICIBL (13.6 million).

Sectors contributing to the performance include (Fertilizer (+60 points), O&GMCs (+29 points), E&P (+23 points), Tobacco (+21 points), Autos (+20 points) and Cement (-43 points).

Volumes declined further from 298.1 million shares to 265.8 million shares (-11 percent DoD). Average traded value also declined by 24 percent to reach US$ 51.5 million as against US$ 67.7 million.

Stocks that contributed significantly to the volumes include WTL, PAEL, ICIBL, HUMNL and MLCF, which formed 38 percent of total volumes.

Stocks that contributed positively include PAKT (+29 points), ENGRO (+28 points), POL (+26 points), PSO (+23 points) and HUBC (+19 points). Stocks that contributed negatively include DGKC (-15 points), NESTLE (-11 points), FCCL (-11 points), DAWH (-10 points), and LUCK (-9 points).

KARACHI: The stock market gained 295 points on Wednesday in mixed trading activities.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 35,653 points as against 35,358 points showing an increase of +295 points.

Analysts at Arif Habib Limited said that the market showed early signs of resistance today, where the index increased by 627 points during the session, but selling pressure brought the net gain to +295 points in the end.

Buying activity was evident across the board, on the back of reduction in NSS rates.

That gave confidence to investors for further accumulation, despite index already registering a significant surge.

Overall trading volumes registered close to 300 million – mark, an inch below yesterday’s levels. Cement sector led the volumes with 45.1 million shares, followed by Chemical (29.5 million) and Technology (28 million).

Among scrips, WTL again led the volumes with 15.8 million shares, followed by FCCL (15.7 million) and KEL (14.7 million).

Sectors contributing to the performance include Cement (+53 points), Inv Banks (+45 points), Fertilizer (+25 points), Food (+24 points) and Tobacco (+23 points).

Volumes declined from 297.6 million as against 308.5 million (-4 percent DoD). Average traded value, on the contrary, increased by 21 percent to reach US$ 67.6 million as against 55.8 million.

Stocks that contributed significantly to the volumes include WTL, FCCL, KEL, UNITY and PAEL, which formed 25 percent of total volumes.

Stocks that contributed positively include DAWH (+42 points), PAKT (+31 points), PPL (+22 points), LUCK (+20 points) and EFERT (+16 points). Stocks that contributed negatively include OGDC (-14 points), POL (-10 points), PMPK (-7 points), FFC (-7 points), and COLG (-6 points).

KARACHI: The stock market gained 81 points on Tuesday in an aggressive buying session.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 35,358 points as against 35,277 points showing an increase of 81 points.

Analysts at Arif Habib Limited said that the market showed vibrancy in the early hours of trading that saw an increase of 331 points in total, but ending the session at 81 points.

Banks and E&P sector largely resisted the increase in index, besides LUCK among cement sector stocks.

Fertilizer sector showed mixed trend, however, Chemical, O&GMCs and Autos sector contributed positive to the Index.

On the back of possible expansion from ARY Communications, WTL performed well and registered high trading volumes (27 percent of total volumes).

In addition, overall trading volumes also hit a consecutive recent high of 300 million. Technology sector remained in the limelight with 99.4 million shares, followed by Cement (40.8 million) and Chemical (28.4 million).

Among scrips, WTL realized volumes of 81.7 million, followed by MLCF (15.3 million) and LOTCHEM (12.7 million).

Sectors contributing to the performance include Fertilizer (+28 points), Autos (+21 points), Chemical (+20 points), Textile (+18 points), O&GMCs (+18 points), Power (-34 points) and Banks (-24 points).

Volumes increased further from 207.8 million shares to 308.1 million shares (+48 percent DoD). Average traded value also increased by 2 percent to reach US$ 55.6 million as against US$ 54.4 million.

Stocks that contributed significantly to the volumes include WTL, MLCF, LOTCHEM, TRG and EPCL, which formed 42 percent of total volumes.

Stocks that contributed positively include ENGRO (+32 points), MCB (+32 points), SNGP (+21 points), INDU (+14 points) and COLG (+9 points).

Stocks that contributed negatively include HUBC (-43 points), UBL (-19 points), LUCK (-15 points), FFC (-13 points), and HBL (-12 points).