Tag: KSE-100

KARACHI: The stock market gained 174 points on Friday amid protest rally staged by opposition parties.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,378 points as against 34,204 points showing an increase of 174 points.

Analysts at Arif Habib Limited said that the market largely traded positive, although the benchmark index saw a drawdown of 96 points, but closed the session 174 points.

Second session proved dramatic, when Azadi March protesters were relayed on TV screens demonstrating the strength that reflected negatively on the market.

The index however, recovered during MoC and buying activity resumed with full vigour. E&P, Autos and Fertilizer largely took bearish stance, whereas Cement, OMCs and large cap blue chip stocks performed well on the bourse.

Sector wise activity showed Cement leading the table with 46.2 million shares (contributed by FCCL, MLCF, PIOC and DGKC among top 10 volume leaders), followed by Technology (11.7 million) and Banks (11 million).

Among scrips, FCCL realized trading volume of 12.9 million shares, followed by MLCF (10.8 million) and STPL (9.1 million).

Sectors contributing to the performance include Cements (+67 points), Banks (+63 points), Power Generation (+41 points), Fertilizer (+23 points) and Inv Banks (+14 points).

Volumes decreased from 184.0 million shares to 157.1 million shares (-14.6 percent DoD). Average traded value also decreased by 6 percent to reach US$ 41.5 million as against US$ 44.1 million.

Stocks that contributed significantly to the volumes include FCCL, MLCF, STPL, BOP and KEL, which formed 30 percent of total volumes.

Stocks that contributed positively include HUBC (+39 points), LUCK (+32 points), MARI (+23 points), BAFL (+19 points) and MCB (+17 points). Stocks that contributed negatively include OGDC (-16 points), PPL (-16 points), PMPK (-10 points), POL (-7 points), and BAHL (-5 points).

KARACHI: The stock market gained 442 points on Thursday despite political uncertainty due to Azadi March (protest relly) launched by JUI-F.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,204 points as against 33,761 points showing an increase of 442 points.

Analysts at Arif Habib Limited said that despite the political uncertainty imbued by JUI (F)’s Azadi March (protest rally), market took rather positive cue from yesterday’s PIB auction.

The yields dropped further, especially in 10-year bond that cemented the view of rate cut in the coming monetary policy.

Announcement of next PIB’s auction before the next monetary policy also helped professional money managers take a view that the yields will drop further or at least maintain, which becomes the reason for reconversion of funds deployed in fixed income back to equities.

Buying activity was observed across the board, especially in E&P, Cement and Banking sectors, which kept the stock prices at high level.

The index moved uni-directional and made a high of 545 points, closing the session at +442 points. Technology sector realized trading volume of 31.4 million shares, followed by Cement (25.1 million) and Banks (20.2 million).

Among scrips, WTL again led the volumes with 24.2 million followed by BOP (9.1 million) and MLCF (8.5 million).

Sectors contributing to the performance include Banks (+113 points), E&P (+71 points), Fertilizer (+57 points), Cement (54 points) and Inv Banks (+47 points).

Volumes increased from 129.9 million shares to 183.9 million shares (+42 percent DoD). Average traded value also increased by 37 percent to reach US$ 44.1 million as against US$ 32.2 million.

Stocks that contributed significantly to the volumes include WTL, BOP, MLCF, PPL and STPL, which formed 30 percent of total volumes.

Stocks that contributed positively include ENGRO (+55 points), MCB (+51 points), DAWH (+45 points), PPL (+37 points) and PSO (+34 points). Stocks that contributed negatively include PAKT (-32 points), NESTLE (-12 points), FFC (-11 points), MUREB (-5 points), and HASCOL (-3 points).

KARACHI: The stock market ended down by 36 points on Wednesday in narrow band trading.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,761 points as against 33,798 points showing decline of 36 points.

Analysts at Arif Habib Limited said that KSE-100 index opened on a positive note, but repeated the activity seen yesterday.

Index traded in a narrow band between+154 points and -127 points, ending the session -36 points from yesterday’s closing. A host of quarterly results were announced today, but failed to leave a positive impression on stock price in a major way.

HASCOL finally announced issuance of400 percent Rights that caused some jitters, with the stock price closing the session near LDCP.

Cement and Steel sectors again showed selling pressure, although some of the key stocks like MUGHAL, ASTL, DGKC, MLCF ended the session positive.

Technology sector again realized highest trading volume with 17.2 million shares, followed by Engineering (16.8million) and Cement (15.9 million).

Among scrips, WTL led the volumes with 13.3million, followed by UNITY (7.5 million) and MLCF (7.1 million).

Sectors contributing to the performance include O&GMCs (+35 points), Tobacco (+31 points), Fertilizer(-39 points), Miscellaneous (-31 points), Banks (-30 points), Power (-21 points).

Volumes declined again from 225.1million shares to 129.8 million shares (-42 percent DoD). Average traded value also declined by 8 percent to reach US$ 32.1 million as against US$ 34.8million.

Stocks that contributed significantly to the volumes include WTL, UNITY, MLCF, HASCOL and ASTL, which formed 32percent of total volumes.

Stocks that contributed positively include PSO (+32 points), PAKT (+31 points), DAWH (+27 points), SEARL (+15points) and MCB (+11 points). Stocks that contributed negatively include PSEL(-24 points), ENGRO (-22 points), HBL (-15 points), LUCK (-15 points), and FFC(-12 points).

KARACHI: The stock market ended down by 64 points on Tuesday while traded in narrow band.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,798 points as against 33,862 points showing a decline of 64 points.

Analysts at Arif Habib Limited said that the market traded in a narrow band of -146 points and +155 points, testing 34,000 level again but closed below this level -64 points.

Cement and Steel sectors that have been in the limelight lately braced selling pressure.

Though earlier in the session, cement sector blue chips hit upper circuit but later profit booking brought stock prices down.

Other than steel and cement, E&P and O&GMCs also faced selling activity mainly due to expectation of poor results of O&GMCs and otherwise lower international crude oil prices.

Technology sector led the volumes with 43.6 million shares, followed by Cement (36.1 million) and Banks (31.5 million).

Among scrips, WTL registered trading volume of 37.5 million shares, followed by BOP (22.5 million) and PIBTL (10.6 million).

Sectors contributing to the performance include Banks (-24 points), Fertilizer (-16 points), O&GMCs (-13 points), Insurance (-12 points) and Chemical (-11 points).

Volumes increased significantly from 135.6 million shares to 224.8 million shares (+66 percent DoD. Average traded value also increased by 32 percent DoD to reach US$ 34.8 million as against US$ 26.3 million.

Stocks that contributed significantly to the volumes include WTL, BOP, PIBTL, FCCL and MLCF, which formed 39 percent of total volumes.

Stocks that contributed positively include PSEL (+23 points), BOP (+12 points), SEARL (+10 points), FFBL (+7 points) and GLAXO (+6 points). Stocks that contributed negatively include OGDC (-13 points), ENGRO (-13 points), LUCK (-13 points), COLG (-11 points), and BAHL (-11 points).

KARACHI: The stock market gained 204 points on Monday in mixed trading activities during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,862 points as against 33,657 points showing an increase of 204 points.

Analysts at Arif Habib Limited said that end of rollover week saw market activity picking pace with the benchmark index trading near 34,000 level after an initial jolt of 85 points earlier in the session.

At a time, market went up by 350 points (crossing 34k level briefly) and ended the session +204 points.

Cement sector performed well due to the news of deferment of axle load policy for a year, resulting in cement sector scrips trading at and near upper circuit, although recently announced financial results were poorer than expectation. Mainly fertilizer and banking sector scrips saw selling activity.

Cement sector led the volumes table with 22.7 million shares followed by Transport (15.1 million) and Engineering (14.4 million).

Among scrips, PIBTL led trading volumes with 12.7 million shares, followed by TRG (7.6 million) and FCCL (7 million).

Sectors contributing to the performance include Cement (+72 points), Banks (+66 points), O&GMCs (+32 points), Pharma (+17 points), Power (+15 points), E&P (-23 points) and Fertilizer (-20 points).

Volumes declined from 170.9 million shares to 135.5 million shares (-21 percent DoD). Average traded value, on the other hand, registered a slight increase of 2 percent DoD to reach US$ 26.3 million as against US$ 25.8 million.

Stocks that contributed significantly to the volumes include PIBTL, TRG, FCCL, HASCOL and UNITY, which formed 29 percent of total volumes.

Stocks that contributed positively include LUCK (+29 points), HBL (+27 points), BAHL (+21 points), PSO (+16 points) and FCCL (+14 points). Stocks that contributed negatively include FFC (-17 points), COLG (-12 points), MARI (-10 points), BAFL (-10 points), and PPL (-10 points).

KARACHI: The stock market likely to remain range bound during next week due to political uncertainty with JUI-F to hold “Azadi March”.

Analysts at Arif Habib Limited said that on the economic front, narrowing current account deficit and improving foreign reserves serves as a good omen for overall confidence in the market. With the result season continuing next week, we expect activity to be influenced accordingly.

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 ~9.4 percent versus ~2.4 percent offered by the region.

The market commenced on a negative note with FATF warning to Pakistan echoing from last Friday. The negativity was cushioned as Pakistan steeply climbed the World Bank Ease of Doing Business Index from 136th to 108th. Further inversion in T Bill yields continued to improve sentiment.

However duress on the political front amid opposition preparing for a protest against the government dampened sentiment towards end of the week. The KSE-100 Index closed at 33,657 points, shedding 213 points (down by 0.6 percent) WoW.

Sector-wise negative contributions came from i) Commercial Banks (108 points), ii) Cement (104 points), and iii) Power Generation & Distribution (76 points) while positive contributions were led by i) Oil & Gas Exploration Companies (118 points), ii) Food & Personal Care Products (47 points) and iii) Fertilizer (30 points). Scrip-wise negative contributions were led by LUCK (58 points), BAHL (44 points), HUBC (42 points), PSEL (35 points) and HBL (35 points).

Foreign buying was witnessed this week clocking-in at USD 2.8 million compared to a net sell of USD 2.1 million last week. Buying was witnessed in Cement (USD 2.0 million) and Fertilizer (USD 1.2 million). On the domestic front, major selling was reported by Individuals (USD 3.1 million) and Companies (USD 2.2 million).

Average Volumes settled at 125 million shares (down by 11 percent WoW) while average value traded clocked-in at USD 25 million (down by 17 percent WoW).

KARACHI: The stock market ended down by 105 points on Friday mainly responded to financial results. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,657 points as against 33,762 points showing a decrease of 105 points.

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KARACHI: The stock market gained 323 points on Thursday as investors confident on ease of interest rate in upcoming policy announcement.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,72 points as against 33,440 points showing an increase of 323 points.

Analysts at Arif Habib Limited said that today’s activity at the bourse was more of a déjà vu.

Similar performance was witnessed yesterday, however, on the whole the 800 points loss that market saw on Monday (on the back of FATF news) was largely recovered in the past 2 sessions.

Cement, Steel, OMCs, E&P and Banks contributed to the positive sentiments, although Cement sector braced poorer than expected financial results of MLCF.

Overall, the benchmark index saw an increase of 423 points, ending the session +323 points (unadjusted). Investors seemingly had firm view on decline in interest rates, expected to be announced in November by SBP, and the same was evident from yesterday’s t-bill auction that saw further inversion of yield curve in short tenor instruments.

Technology sector led the volumes with 24.6 million shares, followed by Engineering (16.1 million) and Cement (14.5 million).

Among scrips, WTL realized 17.2 million shares in trading volumes, followed by DSL (5.4 million) and LOTCHEM (5.1 million).

Sectors contributing to the performance include E&P (+115 points), Banks (+78 points), Fertilizer (+38 points), O&GMCs (+26 points) and Food (+19 points).

Volumes increased from 116.9 million shares to 121.2 million shares (+4 percent DoD). Average traded value also increased by 11 percent to reach US$ 25.5 million from US$ 23 million.

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

Stocks that contributed positively include OGDC (+41 points), POL (+32 points), PPL (+27 points), ENGRO (+24 points) and MCB (+20 points).

Stocks that contributed negatively include MTL (-6 points), FATIMA (-4 points), LUCK (-3 points), MLCF (-3 points), and FML (-3 points).

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).