Tag: KSE-100

KARACHI: The share market gained eight points on Monday in a mixed trading activity.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,079 points as against 32,070 points showing an increase of 8 points.

Analysts at Arif Habib Limited said that the first day of the week coincided with last day of September.

Activity in the market on close reflected an increase in prices of blue chip stocks, which must have helped institutions maintaining value of their portfolios.

Overall, market went up by 324 points against a later decline towards -141 points.

E&P scrips along with MCB and HUBC managed to keep the index float, however, the price gains in these stocks were not significant.

The 100 Index managed to post decent volumes at 165 million shares as compared to last trading session, most of which came from Power sector (61.6 million) followed by Cement (18.5 million) and Banks (16.3 million).

KEL emerged top among volume leaders with 55.4 million shares, followed by BOP (10.8 million) and WTL (9.1 million).

Sectors contributing to the performance include E&P (+42 points), Fertilizer (+14 points), Banks (-26 points), Tobacco (-11 points) and Investment Banks (-11 points).

Volumes increased from 135.2 million shares to 165.2 million shares (+22 percent DoD).

Average traded value, on the contrary, witnessed a decline of -0.8 percent DoD from US$ 27.2 million against US$ 27 million.

Stocks that contributed significantly to the volumes include KEL, BOP, WTL, MLCF and PIBTL, which formed 53 percent of total volumes.

Stocks that contributed positively include PPL (+29 points), POL (+14 points), BAFL (+10 points), EFUG (+7 points) and EFERT (+6 points). Stocks that contributed negatively include HBL (-23 points), LUCK (-16 points), PMPK (-11 points), DAWH (-11 points), and UBL (-8 points).

KARACHI: The stock market may move in positive territory next week owing to narrow trade deficit and stable foreign exchange reserves.

Analysts at Arif Habib Limited said that the market to be positive during the coming week.

“With the trade deficit narrowing and foreign reserves stabilizing investor sentiment is likely to be positive,” they added.

KSE-100 index commenced on a negative note this week, with SBP forecasting the inflation to remain high for the next two years.

Moreover the ADB projected a slowdown in the economy which kept the sentiment weak. However, the recent improvement on the macro-economic front cushioned the dip and positive news flow from the US regarding the Kashmir issue uplifted sentiments on Friday. The index closed at 32,070 points (-40 points WoW).

Sector-wise negative contributions came from i) Commercial Banks (122 points), ii) Power Generation & Distribution (24 points), iii) Chemical (21 points), iv) Pharmaceuticals (14 points), and v) Automobile Parts & Accessories (13 points). Scrip-wise negative contributions were led by HBL (67 points), HUBC (56 points), UBL (29 points), SEARL (27 points) and NBP (23 points).

Foreign selling was witnessed this week clocking-in at USD 8.8 million compared to a net buy of USD 7.8 million last week. Selling was witnessed in Cement (USD 2.4 million) and Commercial Banks (USD 2.2 million).

On the domestic front, major selling was reported by Banks/DFIs (USD 6.7 million) and Broker Proprietary Trading (USD 6.2mn). Average Volumes settled at 108 million shares (down by 12 percent WoW) while average value traded clocked-in at USD 25 million (down by 24 percent WoW).

KARACHI: The share market gained 637 points on Friday owing to significant buying activities during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,071 points as against 31,434 points showing an increase of 637 points (+2 percent DoD).

Analysts at Arif Habib Limited said that the market opened on a positive note with +94 points although volume at start was very low.

By the end of first session, the benchmark index grew by 261 points posting a volume of 36.9 million shares.

Second session saw significant jump in both volumes and points with an overall volume of 134.5 million shares and index surging by 650 points.

Besides oil chain (E&P, OMCs, Refinery), buying activity was observed in Cement sector (which had expectation of increase in Cement prices in North) and also in the Banking sector.

Cement sector led the volumes with 22.7 million shares (courtesy of MLCF (13.1 million) & DGKC (3.4 million)), followed by Banks (20.9 million) and Power (20.8 million).

Among Banks, BOP traded the most with 14.4 million shares and Power sector had KEL with 17.6 million shares.

Sectors contributing to the performance include Banks (+182 points), E&P (+136 points), Power (+61 points), Fertilizer (+57 points) and Cement (+49 points).

Volumes increased from 124.5 million shares to 135.1 million shares (+9 percent DoD). Average traded value also increased by 20 percent to reach US$ 27.2 million as against US$ 22.6 million.

Stocks that contributed significantly to the volumes include KEL, BOP, MLCF, WTL and PAEL, which formed 44 percent of total volumes.

Stocks that contributed positively include HBL (+74 points), OGDC (+51 points), UBL (+46 points), PPL (+45 points) and HUBC (+39 points). Stocks that contributed negatively include AGIL (-2 points), THALL (-2 points), COLG (-1 points), SYS (-1 points), and BWCL (-1 points).

KARACHI: The stock market ended down by 131 points due to adjustments in blue chip scrips.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 31,434 points as against 31,565 points showing a decline of 131 points.

Analysts at Arif Habib Limited said that the market has been trading in a narrow range for the past week without breaching 31,000 level, although recent sessions have seen Index largely adjusting downwards.

Selling pressure was evident in index heavy weights like ENGRO, LUCK, OGDC, PPL, HBL and UBL, which kept any increase firmly in check.

Market on Close saw rates spiking for KEL, BOP, LUCK, OGDC. Power sector performed well in volume terms by registering 34.5 million shares on the bourse, out of which KEL garnered 31.4 million shares.

This was followed by Cement Sector (17.4 million) and Technology (14.9 million).

Among scrips, WTL and MLCF trailed KEL with 11.8 million and 10.4 million shares respectively.

Sectors contributing to the performance include Banks (-55 points), Fertilizer (-47 points), O&GMCs (-20 points), Power (-18 points) and Chemical (-12 points).

Volumes increased further from 104.7 million shares to 124.2 million shares (+19 percent DoD). Average traded value, on the contrary, declined by 15 percent to reach US$ 22.6 million as against US$ 26.7 million.

Stocks that contributed significantly to the volumes include KEL, WTL, MLCF, ASTL and BOP, which formed 49 percent of total volumes.

Stocks that contributed positively include MCB (+21 points), KEL (+13 points), DAWH (+12 points), EFUG (+6 points) and BOP (+6 points). Stocks that contributed negatively include HBL (-46 points), ENGRO (-40 points), HUBC (-36 points), BAFL (-16 points), and SEARL (-11 points).

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Stock market remains traded in narrow range; ends down by 264 points

KARACHI: The stock market ended down by 264 points on Wednesday as market continued trading in narrow range.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 31,565 points as against 31.829 points showing a decline of 264 points.

Analysts at Arif Habib Limited said that the market continued trading in a narrow range between +39 points and -357 points and closed the session -264 points.

International crude posted losses and the same had negative impact on local oil & gas listed chain from E&P to OMCs.

PSO and PPL also had financial results today, which were mostly in line or better than expectation, however, near term risks kept pressure on both the scrips till end, although PPL saw price jacking up post result announcement after an initial drop.

Power sector led the volumes table with 16.9 million shares, followed by Technology (15.7 million) and O&GMCs (13.1 million).

Scrip wise activity shows KEL leading the volumes with 14.9 million shares, followed by WTL (12.4 million and PSO (6.9 million).

Sectors contributing to the performance include Banks (-108 points), Power (-48 points), E&P (-34 points), Fertilizer (-29 points) and Food (-12 points).

Volumes increased from 88.8 million shares to 952 million shares (+7 percent DoD). Average traded value also increased by 6 percent to reach US$ 26.3 million as against US$ 24.9 million.

Stocks that contributed significantly to the volumes include WTL, PSO, MLCF, KEL and HASCOL, which formed 39 percent of total volumes.

Stocks that contributed positively include ABL (+9 points), FABL (+6 points), ICI (+6 points), JLICL (+5 points) and EFUG (+5 points).

Stocks that contributed negatively include HUBC (-46 points), UBL (-36 points), HBL (-36 points), OGDC (-27 points), and ENGRO (-14 points).

KARACHI: The stock market gained 78 points on Tuesday as benchmark index was remained traded in a narrow band.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 31,829 points as against 31,751 points showing an increase of 78 points.

Analysts at Arif Habib said that the KSE-100 index continued trading in a narrow band with limited upside.

The index plunged by 315 points during the session and recovered +141 points later on.

Selling pressure was mostly observed in Cement, Banks and Oil & Gas scrips. Cement sector led the volumes with 25.6 million shares, out of which MLCF realized 17.6 million shares, followed by FCCL (2.9 million)

Banking sector followed Cement with 8 million shares, which was mainly contributed by UBL, BAFL and BOP. Power sector ranked third among top volume leaders, registering trade volume of 7.6 million shares, mostly contributed by KEL (4.6 million) and HUBC (2 million).

Sectors contributing to the performance include Banks (-40 points), E&P (+33 points), Chemical (+19 points), O&GMCs (+17 points), and Food (+10 points).

Volumes inched up from 86.6 million shares to 88.7 million shares (+2 percent DoD). Average traded value also posted a slight increase from US$ 24.8 million to US$ 24.9 million (+0.3 percent DoD).

Stocks that contributed significantly to the volumes include MLCF, KEL, FCCL, PAEL and DGKC, which formed 34 percent of total volumes.

Stocks that contributed positively include PPL (+23 points), COLG (+13 points), PSO (+13 points), BAHL (+12 points) and LUCK (+10 points). Stocks that contributed negatively include MCB (-15 points), UBL (-15 points), HBL (-14 points), MEBL (-10 points), and HUBC (-10 points).

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Stock market ends down by 360 points

KARACHI: The stock market ended down by 360 points on Monday owing to negative sentiments in oil and gas sector.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 31,751 points as against 32,111 points showing a decline of 360 points.

Analysts at Arif Habib Limited said that the start of the rollover week saw Market taking negative direction and an overall decline of around 400 points during the session.

Although international crude prices were at similar levels as observed at the end of last week, local oil & gas chain showed receding stock prices from E&P to OMCs.

Resultantly, OGDC, PPL, ATRL, NRL, PSO showed significant declines. Besides, Cement and Banking sector stocks also saw selling pressure.

MLCF issued financial projections pertinent with 85 percent Rights issue that showed near term losses and caused the stock price to hit lower circuit.

Cement sector led the volumes with 15.7 million shares, followed by Technology (9.5 million) and O&GMCs (8 million).

Scrip wise activity shows MLCF at the top with 6.4 million shares, followed by PSO (5.2 million) and FCCL (4.3 million).

Sectors contributing to the performance include Banks (-101 points), E&P (-94 points), Cement (-46 points), O&GMCs (-26 points) and Pharma (-21 points).

Volumes declined from 153.3 million shares to 86.6 million shares (-44 percent DoD). Average traded value also declined by 34 percent to reach US$ 24.8 million as against US$ 37.3 million.

Stocks that contributed significantly to the volumes include MLCF, PSO, FCCL, TRG and PAEL, which formed 27 percent of total volumes.

Stocks that contributed positively include ENGRO (+19 points), SHFA (+5 points), BAHL (+5 points), JLICL (+5 points) and HGFA (+4 points). Stocks that contributed negatively include OGDC (-55 points), HBL (-45 points), PPL (-39 points), MCB (-21 points), and UBL (-20 points).

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Weekly Review: stock market to keep positive momentum

The stock market is poised to sustain its positive trajectory in the coming week, supported by an improving macroeconomic environment.

(more…)

KARACHI: The stock exchange declined by 73 points on Friday in a range bound trading activity.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,111 points as against 32,184 points showing a decline of 73 points.

Analysts at Arif Habib Limited said that the market remained range bound today, trading above 32,000 level, although moved between +149 points and -129 points during the day.

Volumes again registered healthy growth from 137 million shares yesterday to 153 million shares.

Oil Chain remained under selling pressure with the exception of PSO that showed considerable gain.

Banks, Steel, Cement also downplayed, which brought the index under pressure in the second session. MLCF issued financial results today that saw 85 percent right issuance besides nominal dividend of 5 percent.

By the end of session, MLCF hit lower circuit and closed at that level. Cement sector led the volumes with 26.3 million shares followed by Technology (16 million) and Chemical (13.4 million).

Scrip wise activity reflects MLCF registering 18 million shares, followed by TRG (6.9 million) and PIBTL (6.6 million).

Sectors contributing to the performance include Cement (-49 points), Banks (-25 points), Technology (-11 points), Investment Banks (+29 points), O&GMCs (+15 points).

Volumes increased further increased from 137 million shares to 153 million shares (+12 percent DoD). Average traded value on the contrary witnessed slight decline of 1.3 percent DoD to reach US$ 37.2 million as against US$ 37.7 million.

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

Stocks that contributed positively include DAWH (+30 points), PPL (+20 points), PSO (+14 points), BAFL (+12 points) and EPCL (+7 points). Stocks that contributed negatively include OGDC (-22 points), HBL (-19 points), LUCK (-18 points), FCCL (-8 points), and TRG (-8 points).

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