Tag: KSE-100

KARACHI: The stock market gained for third consecutive trading session on Wednesday owing to improved confidence of investors.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 30,973 points as against 30,419 points showing an increase of 554 points.

The market so far gained 2209 points during the past three trading sessions.

Analysts at Arif Habib Limited said that the market continued the ascent on the third consecutive session today, with an overall increase of 554 points giving confidence to the retail and institutional Investors alike that perhaps the worst is over.

Index heavy weights such as OGDC, HBL, UBL, ENGRO, LUCK played a major role in pulling up the Index. Buying was observed almost across the board, with major impact coming from Banks and Fertilizer sectors.

Among scrips, HUBC played a major role in improving the sentiment, whereas TRG and MLCF posted volumes in excess of 10 million each.

Sectors contributing to the performance include Banks (+122 points), Fertilizer (+87 points), Power (+85 points), Cement (+77 points), E&P (+69 points).

Volumes slightly declined from 142.6 million shares to 134.5 million shares (-6 percent DoD). Average traded value also declined by 4 percent to reach US$ 33.8 million as against US$ 35.3 million.

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

Stocks that contributed positively include HUBC (+69 points), ENGRO (+64 points), UBL (+55 points), LUCK (+41 points) and HBL (+36 points). Stocks that contributed negatively include IGIHL (-6 points), DAWH (-5 points), BAHL (-4 points), SHFA (-4 points) and EFUG (-4 points).

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Stock market recovers 857 points on major activities in banks, E&P sectors

KARACHI: The stock market recovered another 857 points on Tuesday owing to significant activities in exploration and production (E&P) and banking sectors.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 30,419 points as against 29,562 points showing an increase of 857 points.

The stock market witnessed gain of 1,655 points during last two days after facing massive decline over the past few weeks.

Analysts at Arif Habib Limited said that the market was opened on a positive note today with +86 points and went as high as 941 points during the session today.

Major contributors to the index have been Banks and E&P Sectors. Index heavy weights, including ENGRO, HBL, UBL, MCB along with Auto sector scrips hit upper circuits and maintained that level for fair part of the session.

Most of the volume is observed in Banks, Cement and Technology sectors contributing 24.5 million, 17.8 million and 15.6 million respectively. Among scrips, BOP led the volumes with 10.3 million shares, followed by TRG (8.9 million) and MLCF (6.9 million).

Sectors contributing to the performance include Banks (+354 points), E&P (+152 points), Fertilizer (+113 points), Power (+70 points), and O&GMCs (+33 points).

Volumes increased further from 102.5 million shares to 142.3 million shares (+39 percent DoD). Average traded value also increased by 42 percent to reach US$ 35.3 million as against US$ 24.8 million.

Stocks that contributed significantly to the volumes include BOP, TRG, MLCF, PPL and KEL, which formed 27 percent of total volumes.

Stocks that contributed positively include HBL (+88 points), ENGRO (+80 points), MCB (+73 points), HUBC (+66 points) and UBL (+64 points). Stocks that contributed negatively include FATIMA (-3 points), FFBL (-3 points), KEL (-1 point), PAEL (-1 point) and KTML (-1point).

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Stock market gains around 800 points on improved investors’ confidence

KARACHI: The stock market on Monday gained by around 800 points on improved confidence of investors after after significant decline during past many trading sessions.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 29,562 points as against 27,765 points showing an increase of 798 points.

Analysts at Arif Habib Limited said that the KSE-100 index increased significantly today, after an initial stutter of +/- 100 points.

Apparently, the mutual funds, which have been a major seller during the past several sessions, were not selling with the same aggression as in recent past.

E&P and Banks, which have received several bantering in the past couple of sessions, moved north with most volume observed in Banks.

Besides, the anticipation of lower current account deficit for the month of July 2019, talks of EMOF by State Entities were making rounds, which caused investors to remain optimistic and buy.

Several scrips, among Steel, Cement and Banking sectors hit upper circuit.

Banking sector led the volumes table with 15.2 million shares, followed by Cement (13.6 million) and O&GMCs (11.1 million).

Among scrips, TRG topped the volume charts with 7.5 million, followed by SMBL (6 million) and MLCF (5.9 million).

Sectors contributing to the performance include Banks (+257 points), E&P (+142 points), Fertilizer (+116 points), Cement (+63 points), and Power (+60 points).

Volumes also increased from 65.2 million shares to 102.5 million shares (+57 percent DoD). Average traded value also increased by 15 percent to reach $ 24.8 million as against $ 21.5 million.

Stocks that contributed significantly to the volumes include TRG, SMBL, MLCF, HASCOL and UNITY, which formed 30 percent of total volumes.

Stocks that contributed positively include HBL (+84 points), OGDC (+73 points), MCB (+70 points), ENGRO (+59 points) and PPL (+53 points). Stocks that contributed negatively include NESTLE (-15 points), ABOT (-6 points), MTL (-5 points), AGIL (-1 points) and SHEL (-1 points).

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Stock market ends down by 664 points on negative sentiments

KARACHI: The stock market ended down by 664 points on Friday as various negative reports were flowing on economic front.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 28,765 points as against 29,429 points showing a decline of 664 points.

Analysts at Arif Habib Limited said that the market continued trending down even after a break of a week. A host of negative news flow on economic front as well as on the border kept Investors’ nerves jittery.

Mutual Funds have lately been the dominant seller, for reasons of redemption, in E&P, Power and Banking sectors.

Other than ISL (financial results due to be announced on Aug 19th) and NCL (news of Buy back), both of which hit upper circuit, majority stocks went down.

PPL hit lower circuit in the closing minutes, whereas LUCK also traded at lower circuit.

E&P sector led the volumes table with 9.7 million shares, followed by Cement (9.1 million) and Banks (7.2 million). PPL did the most volume with 6.3 million shares, followed by MLCF (3.8 million) and ISL (3.7 million).

Sectors contributing to the performance include E&P (-169 points), Fertilizer (-144 points), Banks (-100 points), Cement (-63 points), Power (-54 points).

Volumes declined further from 76.4 million shares to 65.1 million shares (-15 percent DoD). Average traded value on the contrary increased by 11 percent to reach US$ 21.5 million as against US$ 19.5 million.

Stocks that contributed significantly to the volumes include PPL, MLCF, ISL, OGDC and EPCL, which formed 31 percent of total volumes.

Stocks that contributed positively include DAWH (+5 points), ISL (+5 points), MCB (+4 points), BAFL (+4 points) and NCL (+3 points). Stocks that contributed negatively include ENGRO (-70 points), PPL (-62 points), OGDC (-61 points), FFC (-52 points) and LUCK (-48 points).

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Stock market falls by 309 points amid selling pressure

With the index set to pause for the Eid break next week, stock investors have an opportunity to step back, reflect, and strategize. The recent tumultuous week has left market participants grappling with substantial losses, but analysts at Arif Habib Limited encourage reassessment of the situation, highlighting potential value-buying opportunities amid the downturn.

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KARACHI: The stock market registered 309 points decline on Friday amid selling pressure in blue chip stocks.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 29,429 points as against 29,738 points showing a decline of 309 points.

Analysts at Arif Habib Limited said that the market continued trimming down today, with selling pressure in Banks, E&P and Cement sector stocks.

Coming MSCI review had Investors concern about selling activity from Foreigners, which caused this selling pressure in blue chip stocks in Banks, E&P and Cement sectors.

Mid cap Cement, Steel and Refinery sector scrips traded green. NCL hit upper circuit upon notification of buy back. Cement sector led the volumes table with 14.8 million shares, followed by Technology (9.8 million) and Banks (9.5 million). MLCF led the volumes with 7.7 million shares, followed by EPCL (5 million) and TRG (4.8 million).

Sectors contributing to the performance include Banks (-143 points), E&P (-119 points), Fertilizer (-49 points), O&GMCs (-22 points), Chemical (-11 points).

Volumes declined from 109.3 million shares to 76.4 million shares. Average traded value also declined by 29 percent to reach US$ 19.5 million as against US$ 27.4 million.

Stocks that contributed significantly to the volumes include MLCF, EPCL, TRG, WTL and UBL, which formed 31 percent of total volumes.

Stocks that contributed positively include NESTLE (+14 points), MCB (+11 points), DGKC (+10 points), KTML (+5 points) and MLCF (+5 points). Stocks that contributed negatively include HBL (-75 points), OGDC (-47 points), PPL (-46 points), BAHL (-30 points) and ENGRO (-29 points).

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Share market ends down by 539 points on border, political conflicts

KARACHI: The share market witnessed another decline of 539 points on Thursday amid escalating conflict between Pakistan and India and arrest of PML-N leader by National Accountability Bureau (NAB).

The benchmark KSE-100 index closed at 29,738 points as against 30,277 points showing a decline of 539 points.

Analysts at Topline Securities attributed the decline to the latest development amid escalating conflict between Indo-Pak, Pakistan has suspended all bilateral trade with India and has also resolved to downgrade its diplomatic relations with the neighboring country.

Furthermore Political noise remained high after the arrest of PML-N leader Maryam Nawaz by National Accountability Bureau (NAB) in an alleged corruption scandal.

Analysts at Arif Habib Limited said that as soon as the market opened, the Index went straight to the negative territory, diminishing the hopes of a technical pull back anticipated by Technical chartists.

Confrontation at the border took the center stage not only in the Parliament but also at the bourse, denting investor sentiment.

Persistent across the board selling from mutual funds has been a major problem for local investors, which have seen foreigners selling since past three years and now from local Funds.

E&P, Autos, Banks and Cement Sectors again caused the onslaught and remained on the negative side. Cement sector led the volumes table with 15.2 million shares, followed by Power (14 million) and Banks (13.5 million). KEL remained on top with 10.3 million shares, followed by UNITY (7.8 million) and MLCF (6.7 million).

Sectors contributing to the performance include Banks (-213 points), E&P (-150 points), Power (-62 points), Cement (-34 points), Fertilizer (-28 points), and Food (+17 points).
Volumes increased significantly from 65.3 million shares to 108.7 million shares (+66 percent DoD). Average traded value also increased by 58 percent to reach US$ 27.4 million as against US$ 17.4 million.

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

Stocks that contributed positively include EFERT (+24 points), NESTLE (+14 points), PSO (+6 points), SHFA (+5 points) and KTML (+4 points). Stocks that contributed negatively include HBL (-55 points), POL (-54 points), OGDC (-53 points), MCB (-51 points) and HUBC (-43 points).

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Stock market plunges by 723 points on weak financial results

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell below the psychological barrier of 30,000 points and trading at 29,844 points on Thursday morning.

The KSE-100 index lost 433 points in less than one hour trading at 10:13AM Thursday August 08, 2019. The stock market was ended at 30,277 points on Wednesday.

Stock analysts said that the ongoing Kashmir issue and FATF action plan resulted in negative sentiments of investors.

The market today recorded high of 30,277 points and low of 29,843 points.

KARACHI: The share market plunged by 723 points on Wednesday due to poor financial results of major scrips and confrontation between Pakistan and India on Kashmir issue.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 30,277 points as against 31,001 points showing a decline of 723 points.

Analysts at Arif Habib Limited said the index was declined due to host of factors including weak economy, confrontation between Pakistan and India on Kashmir issue and poor results.

Redemption at mutual funds kept the flow of selling across the board. Apparently better financial results of MCB & UBL unable to help stock prices of both the banks in place and just prior to result announcement UBL touched lower circuit.

Cement sector led the volumes with 11.9 million shares, followed by banks (8.5 million) and power (7.3 million).

KEL topped the chart at 4.6 million shares, followed by MLCF (4.4 million) and LOTCHEM (2.8 million).

Sectors contributing to the performance include Banks (-200 points), E&P (-176 points), Fertilizer (-89 points), Power (-68 points), O&GMCs (-51 points).

Volumes increased from 54mn shares to 65 million shares (+20 percent DoD). Average traded value increased by 3 percent to reach US$ 17.4 million as against US$ 16.8 million.

Stocks that contributed significantly to the volumes include KEL, MLCF, LOTCHEM, TRG and HASCOL, which formed 27 percent of total volumes.

Stocks that contributed positively include DAWH (+9 points), SHFA (+5 points), KTML (+3 points), FFBL (+3 points) and SRVI (+2 points). Stocks that contributed negatively include OGDC (-70 points), UBL (-55 points), HUBC (-51 points), PPL (-51 points) and ENGRO (-45 points).

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Share market extends losses on negative sentiments

KARACHI: The share market extended losses on Tuesday owing to investors sentiments grappled by prospects of global slowdown amidst SINO-US trade war and Kashmir issues between Indo-Pak.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 31,001 points as against 31,181 points showing a decline of 180 points.

Analysts at Arif Habib Limited said that the market initially went down by 147 points and reverted the loss by around +300 points to post gain of 149 points.

Carrying the trend from yesterday, HUBC kept falling that reflected the pressure on Index amongst other scrips such as HBL, UBL, PSO, MCB, NBP.

Volumes remained low at 54 million shares. Cement sector led the volumes table with 7.7 million shares, followed by Power (5.9 million) and Technology (4.7 million).

MLCF ranked first amongst volume leaders with 4.8 million shares, followed by KEL (3.1 million) and HUBC (2.4 million).

Sectors contributing to the performance include Banks (-94 points), Power (-37 points), Chemical (-18 points), O&GMCs (-17 points), Autos (-12 points) and Fertilizer (+26 points).

Volumes increased slightly from 52 million shares to 54.3 million shares. Average traded value on the contrary jumped by 49 percent to reach US$ 16.8 million as against US$ 11.2 million.

Stocks that contributed significantly to the volumes include MLCF, KEL, HUBC, TRG and FFC, which formed 27 percent of total volumes.

Stocks that contributed positively include FFC (+19 points), POL (+11 points), DAWH (+10 points), HBL (+6 points) and GHGL (+5 points).

Stocks that contributed negatively include UBL (-38 points), MCB (-37 points), HUBC (-26 points), COLG (-12 points) and THALL (-10 points).

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