Tag: KSE-100

KARACHI: The stock market gained 241 points on Wednesday after ease in tension on political front.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,440 points as against 33,199 points showing an increase of 241 points.

Analysts at Arif Habib Limited said that the market responded positively to an earlier rumor of rapprochement between Government and JUI (F) on protest and long march. The rumor became news by the end of the session.

Prior to MoC, the index realized an upside of 441 points and during MoC sustained loss of approx. 150 points due to selling pressure in leading Cement sector scrips. DGKC, LUCK and MLCF saw selling pressure on the back of expectation of loss in the upcoming quarterly financials, due to be announced in the coming days.

E&P Sector responded positively to the increase in international crude prices, witnessed in the morning and maintained the levels, although crude prices went down later during the day.

Besides, banking sector also retained interest from investors, which helped the index trade at elevated levels.

Technology sector led the volumes table with 176 million shares, followed by Cement (11.5 million) and Chemical (10.2 million).

Among scrips, WTL registered 12.6 million shares, followed by LOTCHEM (6.7 million) and QUICE (6.6 million).

Sectors contributing to the performance include E&P (+96 points), Fertilizer (+52 points), Banks (+44 points), Food (+20 points), Transport (+12 points) and Miscellaneous (-17 points).

Volumes increased from 83.6 million shares to 116.9 million shares (+40 percent DoD). Average traded value also increased by 13 percent to reach US$ 23 million as against US$ 20.5 million.

Stocks that contributed significantly to the volumes include WTL, LOTCHEM, QUICE, UNITY and BOP, which formed 30 percent of total volumes.

Stocks that contributed positively include ENGRO (+42 points), OGDC (+30 points), MCB (+28 points), POL (+27 points) and PPL (+24 points). Stocks that contributed negatively include PSEL (-17 points), LUCK (-9 points), DAWH (-8 points), KAPCO (-7 points), and KTML (-5 points).

KARACHI: The stock market gained 114 points on Tuesday while trading in narrow band during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,199 points as against 33,085 points showing an increase of 114 points.

Analysts at Arif Habib Limited said that the market traded largely in a narrow band, oscillating between +155 points and -124 points, and ending the session +114 points.

Low volumes were witnessed amidst selling pressure in Cement, Steel, Banking sectors. Concerns over activity on Borders with India, political uncertainty due to JUI (F)’s protest and FATF reverberated today.

Chemical sector led the volumes with 13.4 million shares, followed by Cement (10.9 million) and Technology (7.5 million).

Among scrips, LOTCHEM garnered 10.8 million shares in trading volume, followed by TRG (4.1 million) and FFC (3.4 million). Market seemed to lack luster, paying little interest in better than expected results announced recently.

Sectors contributing to the performance include Banks (+38 points), Power (+19 points), E&P (+15 points), Food (+13 points), O&GMCs (+11 points) and Fertilizer (-10 points).

Volumes declined from 130.3 million shares to 83.6 million shares (-36 percent DoD). Average traded value also declined by 36 percent to reach US$ 20.4 million as against US$ 1.8 million.

Stocks that contributed significantly to the volumes include LOTCHEM, TRG, FFBL, HASCOL and DGKC, which formed 29 percent of total volumes.

Stocks that contributed positively include HBL (+22 points), HUBC (+18 points), MCB (+15 points), NESTLE (+15 points) and DAWH (+13 points). Stocks that contributed negatively include ENGRO (-10 points), BAFL (-7 points), DGKC (-6 points), FFBL (-6 points), and JLICL (-6 points).

KARACHI: The stock market fell 785 points on Monday owing to decision of Financial Action Task Force (FATF) an its warning on compliance by February 2020.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,085 points as against 33,870 points showing a decline of 785 points.

Analysts at Arif Habib Limited said that the market took heavy bantering today on the basis of latest decision of FATF to keep Pakistan in grey list.

“Although, the market participants had same expectation, by and large, what took them by surprise was the intimation and warning tone by the FATF, in case this last extended deadline till February 2020 fails to meet objective,” they said.

Besides, beginning of rollover week has its own effect, which resulted in index losing around 800 points during the session and closing at -785 points.

Selling was observed across the board, with 273 scrips showing decline among actively traded stocks on all share index, 38 in Advance and 15 unchanged.

Banking sector led the volumes table with 19.3 million shares followed by Cement (18.1 million) and Chemical (15.1 million).

Among scrips, KEL registered highest volumes with 11.2 million shares, followed by LOTCHEM (9.8 million) and BOP (7.9 million).

Sectors contributing to the performance include Banks (-227 points), E&P (-107 points), Cement (-91 points), Power (-75 points), O&GMCs (-66 points).

Volumes increased from 115.2 million shares to 130.1 million shares (+13 percent DoD). Average traded value increased slightly from US$ 31.4 million to US$ 31.7 million (+1 percent DoD).

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

Stocks that contributed positively include NESTLE (+12 points), ATLH (+4 points), JICL (+4 points), SHFA (+3 points) and KTML (+2 points). Stocks that contributed negatively include HBL (-50 points), MCB (-49 points), LUCK (-47 points), HUBC (-46 points), and PPL (-42 points).

KARACHI: The Stock market may be range bound next week owing to owing to decision of Financial Action Task Force (FATF) related to measures taken by Pakistan for prevention of money laundering and terror financing.

Analysts at Arif Habib Limited said that the market to be range bound next week. Pakistan may have narrowly escaped being blacklisted, but the FATF has tasked the government to address outstanding issues by Feb’20, in order to avoid being placed on the black list.

With many financial results to be announced in the coming week, the analysts expect activity to be accordingly influenced.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 5.8x (2020) compared to Asia Pac regional average of 13.3x and while offering DY of ~0.9 percent versus ~1.8 percent offered by the region.

The market commenced on a negative note this week primarily due to uncertainty over the FATF outcome from the meetings held this week.

During the week investor sentiment improved after three countries (China, Turkey and Malaysia) voted in favor of Pakistan, which eventually helped save the country from being blacklisted by FATF.

However, Pakistan still remains on grey list of FATF. Weekly return turned negative after a 2 week bull run with the KSE-100 index closing at 33,870 points, shedding 606 points (down by 1.8 percent) WoW.

Sector-wise positive contributions came from i) Fertilizers (99 points), ii) Food & Personal care products (15 points), and iii) Chemical (14 points) while negative contributions were led by i) Banks (279 points), ii) Cement (89 points) and iii) E&P Companies (78 points). Scrip-wise negative contributions were led by HBL (111 points), UBL (84 points), LUCK (65 points), HUBC (58 points) and POL (57 points).

Foreign selling continued this week clocking-in at USD 2.1 million compared to a net sell of USD 4.2 million last week. Selling was witnessed in Commercial Banks (USD 3.4 million) and Exploration & Production (USD 1.0 million).

On the domestic front, major buying was reported by Individuals (USD 8.4 million) and Banks / DFIs (USD 5.4 million). Average Volumes settled at 140 million shares (down by 51 percent WoW) while average value traded clocked-in at USD 30 million (down by 47 percent WoW).

KARACHI: The stock market witnessed 28 points decline on Friday amid announcement of FATF regarding Pakistan’s position.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,870 points as against 33,899 points showing a decline of 28 points.

Analysts at Arif Habib Limted said that the market ended the first session +124 points with 45 million shares in trade, however, the second session resulted in index closing in red with -28.4 points, adding 70 million more shares in trading volume.

Activity was relatively brisk in second session as compared to first session.

The second session braced for the impact of FATF decision on Pakistan, which gives a hint of stern action in case the unresolved action points are not resolved. Pakistan stays in grey list till February 2020.

Overall, the market oscillated between +198 points and -231 points, where the second half showed more negativity. EFERT announced its financial results that gave more than anticipated dividends thus giving way for the stock price to hit upper circuit.

Sectors contributing to the performance include Banks (-52 points), Tobacoo (-37 points), Chemical (-13 points), Autos (-12 points), Fertilizer (+104 points).

Volumes declined from 137.9 million shares to 115 million shares (-17 percent DoD). Average traded value on the contrary increased by 30 percent to reach US$ 31.3 million as against 24.2 million.

Stocks that contributed significantly to the volumes include LOTCHEM, EFERT, BOP, TRG and UNITY, which formed 38 percent of total volumes.

Stocks that contributed positively include ENGRO (+56 points), EFERT (+41 points), NESTLE (+12 points), FFC (+11 points) and MARI (+10 points). Stocks that contributed negatively include HBL (-39 points), PAKT (-27 points), OGDC (-16 points), INDU (-12 points), and PMPK (-10 points).

KARACHI: The stock market ended with decline of 383 points on Thursday owing to selling pressure seen in the market.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,899 points as against 34,281 points showing a decline of 383 points.

Analysts at Arif Habib Limited said that the market opened on a positive note with +12 points and 0.4 million shares.

The benchmark index went up to 80 points earlier in the session, which was followed by growing selling pressure.

The only stock that mattered today was clearly LOTCHEM, which realized trading volume of 59.6 million shares (approx. 16 percent of its free float and 43 percent of the total trading volume of today).

No other stock managed to cross even 6 million share traded volume. LOTCHEM announced 9 million financial results, which was largely inline with street estimates, however, cherry on top was 15 percent dividend that matched last year’s declaration.

On the whole, index lost 383 points with a total volume of 138 million shares, most of which was contributed by Chemical sector and followed by Technology (8.1 million) and Power (7.9 million). Among scrips, KEL (5.2 million) and TRG (4.2 million) followed LOTCHEM.

Sectors contributing to the performance include Banks (-147 points), E&P (-87 points), Cement (-36 points), Pharma (-33 points) and O&GMCs (-23 points).

Volumes declined from 151.4 million shares to 137.9 million shares (-9 percent DoD). Average traded value also declined by 23 percent to reach US$ 24.1 million as against US$ 31.4 million.

Stocks that contributed significantly to the volumes include LOTCHEM, KEL, TRG, UNITY and QUICE, which formed 55 percent of total volumes.

Stocks that contributed positively include KAPCO (+7 points), COLG (+7 points), ICI (+4 points), MUREB (+4 points) and EFERT (+3 points). Stocks that contributed negatively include HBL (-54 points), UBL (-39 points), MARI (-26 points), PPL (-25 points), and LUCK (-19 points).

KARACHI: The stock market gained 198 points on Wednesday in mixed trading sessions.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,281 points as against 34,084 points showing an increase of +198 points.

Analysts at Arif Habib Limited said that the market made a positive move today with a total increase of 351 points and closed the session at 198 points.

During the session, UBL announced financial results, however the stock price did not react positively to the results, ending the session a rupee down compared with previous closing.

Oil & Gas scrips from E&P to OMCs generally fared well, with PPL registering volume of 2.3 million shares. Cement sector saw selling pressure and so did Steel, but managed to close the session in green.

Technology stocks remained in limelight with traded volumes of 22.9 million shares, followed by Chemical (17.4 million) and Power (14.1 million). Among scrips, KEL registered 11.8 million shares followed by WTL (11.8 million) and UNITY (9.9 million).

Sectors contributing to the performance include Banks (+49 points), E&P (+46 points), Fertilizer (+36 points), O&GMCs (+30 points) and Food (+19 points).

Volumes declined slightly from 156.4 million shares to 150.8 million shares (-4 percent DoD). Average traded value also declined by 8 percent to reach US$ 31.3 million as against US$ 34 million.

Stocks that contributed significantly to the volumes include KEL, WTL, UNITY, LOTCHEM and FCCL, which formed 31 percent of total volumes.

Stocks that contributed positively include PPL (+40 points), OGDC (+27 points), PSO (+20 points), ENGRO (+19 points) and BAHL (+16 points). Stocks that contributed negatively include UBL (-15 points), HUBC (-13 points), POL (-11 points), MARI (-10 points), and LUCK (-6 points).

KARACHI: The stock market declined by 103 points on Tuesday amid positive vibes of FATF proceedings, which maintained interest of investors, analysts said.

The benchmark KSE-100 index of Pakistan Stock Exchange closed at 34,084 points as against 34,186 points showing a decline of 103 points.

Analysts at Arif Habib Limited said that the index lost another 100 points, after an oscillation of +73 points and -257 points, but maintained the 34,000 level.

Largely, Oil and Gas chain and Auto sector kept the index under pressure, which was due to lower international crude prices.

Second day of FATF proceedings, on the whole, gave positive vibes that helped investors maintain interest. Brokerage commission, which also proved to be an issue yesterday had a slight impact on the activity.

Volumes, nonetheless, inched up over the day. Cement sector again led the volumes with 27.5 million shares, followed by Technology (26.7 million) and Chemical (18 million) stocks. Technology sector stocks have lately been in the limelight for some time now, courtesy of WTL. Among scrips, WTL led the table with 18.3 million shares, followed by FCCL (14.3 million) and LOTCHEM (8.7 million).

Sectors contributing to the performance include E&P (-59 points), Power (-45 points), Fertilizer (-18 points), O&GMCs (-12 points) and Chemical (+7 points).

Volumes increased from 137.9 million shares to 1562 million shares (+13 percent DoD). Average traded value also increased by 10 percent to reach US$ 33.9 million as against US$ 30.8 million.

Stocks that contributed significantly to the volumes include WTL, FCCL, LOTCHEM, EPCL and UNITY, which formed 35 percent of total volumes.

Stocks that contributed positively include HBL (+9 points), FCCL (+9 points), FABL (+8 points), COLG (+6 points) and MCB (+6 points). Stocks that contributed negatively include HUBC (-41 points), POL (-23 points), OGDC (-21 points), SNGP (-14 points), and ENGRO (-11 points).

KARACHI: The stock market ended down by 289 points on Monday as market traded in narrow band.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,186 points as against 34,476 points showing a decline of 289 points.

Analysts at Arif Habib Limited said that index was traded in a narrow band for most part of the day but started taking shape (negative direction) by the end of session.

During the session, the market see-sawed between +222 points and -351 points.

Among the drivers that affected market activity today were the implementation of higher brokerage commission, which caused institutional and individual investors largely at bay, and ongoing meeting with FATF, where Pakistan is expected to avoid set back.

International crude prices also dipped during the session, which had negative impact on the E&P stocks and neutral to negative expectation on financial results of Refineries and OMCs kept selling pressure on such stocks.

Technology sector led the volumes table with 30.8 million shares, followed by Cement (17.7 million) and Chemical (17.1 million). Among scrips, WTL led the volumes with 14.3 million shares followed by TRG (11.6 million) and LOTCHEM (9.7 million).

Sectors contributing to the performance include Banks (-133 points), Cement (-52 points), Fertilizer (-30 points), Pharma (-21 points), Textile (-20 points) and E&P (+21 points).

Volumes fell from 287.1 million shares to 137.9 million shares (-52 percent DoD).

Average traded value also declined by 55 percent to reach US$ 30.8 million as against US$ 67.7 million.

Stocks that contributed significantly to the volumes include WTL, TRG, LOTCHEM, UNITY and FCCL, which formed 38 percent of total volumes.

Stocks that contributed positively include MARI (+23 points), DAWH (+18 points), OGDC (+16 points), HUBC (+8 points) and COLG (+6 points).

Stocks that contributed negatively include HBL (-42 points), LUCK (-40 points), MCB (-26 points), UBL (-19 points), and SEARL (-17 points).

KARACHI: The outcome of FATF meeting will move the direction of the stock market during next week, analysts said.

The analysts at Arif Habib Limited said that the market to remain positive on the back of improving external account position, country witnessing foreign net inflows in T-bills and lower inflationary reading expected in October 2019.

On the other hand, government is focusing to manage twin deficits and to meet IMF’s second quarterly revenue and tax collection targets.

However, FATF review is scheduled on 13-18th October to discuss Pakistan’s progress to control terror financing and corrective measures.

“Any favorable or unfavorable outcome could pose upside or downside risks to market performance.”

This week trading commenced on positive note attributable to Asia Pacific Group’s report on money laundering in which Pakistan was found partially compliant on majority of the issues which improved investors’ confidence.

On the other hand, Prime Minister Imran Khan’s successful visit to China in which they expressed satisfaction on CPEC progress further improved overall sentiment.

Moreover, news of increase in cement prices in the Northern Region as per PBS was the major driver for the Cement sector throughout the week.

Decline in money market yields and inversion of the yield curve continued to attract investors back to equities.

As a result, the benchmark KSE-100 index closed above the 34,000 mark at 34,476 points, increased by 1,442 points or 4.37 percent WoW.

Contribution to the upside was led by i) Commercial Banks (+492 points) amid expectation of healthier financial result, ii) Oil and Gas Exploration Companies (+270 points) due to attractive valuation, iii) Fertilizer (+146 points), iv) Pharmaceuticals (+90 points), and v) Cement (+87 points).Scrip wise major gainers were HBL (+153 points), MARI (+116 points), UBL (+104 points), POL (+83 points), and HUBC (+76 points). Whereas, scrip wise major losers were ISL (-11 points), PMPK (-11 points), and EFUG (-8 points).

Foreign offloaded stocks worth of USD 4.15 million compared to a net sell of USD 4.7 million last week. Major selling was witnessed in Commercial Banks (USD 4.56 million) and Exploration & Production (USD 1.73 million).

On the local front, buying was reported by Companies (USD 3.91 million) followed by other organizations (USD 3.59 million).

That said, average daily volumes for the outgoing week were massively up by 28 percent to 284 million shares likewise value traded increased by 42 percent to USD 56.9 million.