Tag: KSE-100

KARACHI: The stock market ended down by 315 points on Wednesday owing to heavy selling pressure.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,401 points as against 32,716 points showing a decline of 315 points.

Analysts at Arif Habib Limited said that although market opened +10 points and went up by 49 points during the session, the index bore heavy selling pressure with a slide of 315 points by end of session.

E&P, Fertilizer, Autos, Cement and Banking sectors bled throughout the day.

Financial results of HBL and SNGP were announced during the session, whereby SNGP received heavy bantering in the last half hour and HBL also saw selling pressure upon announcement of lower than anticipated results.

Investor sentiment remained at low ebb anticipating poor results from listed entities.

Another important indicator for market would be PIB auction, where an inverted yield curve is anticipated to lure investors back to equities in the medium term.

Sectors contributing to the performance include E&P (-70 points), Fertilizer (-63 points), Banks (-52 points), Power (-49 points) and O&GMCs (-21 points).

Volumes declined from 97 million shares to 84.2 million shares (-13 percent DoD). Average traded value declined by 4 percent to reach US$ 21 million as against US$ 21.8 million.

Stocks that contributed significantly to the volumes include UNITY, MLCF, DGKC, PAEL and TRG, which formed 37 percent of total volumes.

Stocks that contributed positively include MCB (+17 points), INDU (+8 points), DGKC (+7 points), IGIHL (+4 points) and AGP (+4 points). Stocks that contributed negatively include ENGRO (-41 points), HUBC (-35 points), HBL (-33 points), PPL (-28 points) and FFC (-18 points).

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Share market gains 131 points in mixed trading sessions

KARACHI: The stock market gained 131 points on Tuesday amid mixed trading activity during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,716 points as against 32,585 points showing an increase of 131 points.

Analysts at Arif Habib Limited said that the market opened on a positive note with +17 points but faced selling pressure that took the index down by 129 points.

Prime Minister’s ongoing visit to USA was well received by the media and political analysts, but failed to garner the support as anticipated by stock traders.

By the end of session, cement and steel sector scrips saw better price performance and stocks like DGKC, MLCF, ISL were seen traded at upper circuits.

Much of this activity is attributed to short covering by investors, which have been selling bearish on these sectors due to anticipation of poor results. Overall volumes reached close to 100 million today, mainly led by Cement Sector with ~24 million shares (contributed by MLCF (13 million)) and followed by Technology (13 million) contributed by WTL’s 8 million.

Sectors contributing to the performance include Cement (+43 points), Fertilizer (+27 points), Banks (+18 points), E&P (+17 points) and Pharma (+16 points).

Volumes more than doubled from 44.5mn shares to 96.9 million shares (+117 percent DoD). Average traded value also increased by 75 percent to reach US$ 21.7 million as against US$ 12.4 million.

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

Stocks that contributed positively include FFC (+26 points), EFERT (+14 points), HBL (+13 points), UBL (+11 points) and FCCL (+10 points).

Stocks that contributed negatively include NESTLE (-16 points), ENGRO (-11 points), HUBC (-7 points), NATF (-6 points) and IGIHL (-6 points).

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KSE-100 gains 126 points on prime minister’s US visit

KARACHI: The share market increased by 126 points on Monday owing to US visit of Prime Minister Imran Khan and activation of market opportunity fund.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,585 points as against 32,459 points showing an increase of 126 points.

Analysts at Arif Habib Limited said that the market traded in the positive zone better part of the session. The index oscillated between -67 points and +277 points and closed the session with +26 points.

The opening bell saw index at +167 points, which helped investors form a view about market. Prime Minister Imran Khan’s ongoing visit to US is considered a key trigger for the investors besides activation of market opportunity fund.

Breakthrough with US on account of Coalition Support Fund and matters relating to Afghan peace process are considered positive for the market sentiment.

Earlier in the session today, cement companies in North region were known to have reduced Cement price / bag, which dampened the sentiment at the bourse. Cement sector led the volumes table with 8.5 million shares followed by Technology (5.2 million). Among scrips, MLCF saw volumes of 4.4 million shares at the top, followed by TRG (3.7 million).

Sectors contributing to the performance include E&P (+47 points), Banks (+37 points), Fertilizer (+21 points), O&GMCs (+21 points) and Pharma (+15 points).

Volumes declined again from 121.5 million shares to +44.5 million shares (-63 percent DoD). Average traded value also declined by 55 percent to reach US$ 12.4 million as against US$ 27.3 million.

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

Stocks that contributed positively include HBL (+40 points), OGDC (+27 points), POL (+25 points), FFC (+14 points) and UBL (+12 points). Stocks that contributed negatively include MARI (-9 points), NATF (-7 points), MUREB (-7 points), BAFL (-7 points) and KAPCO (-6 points).

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Weekly Review: Imran-Trump meeting to send positive signals to investors

KARACHI: The scheduled visit of Prime Minister Imran Khan to meet US President Donald Trump next week will send positive signals to investors of share market.

Analysts at Arif Habib Limited said that the PM is expected to meet President Trump next week for a reset in bilateral ties which is likely to play a pivotal role in rejuvenating sentiments of investors.

Moreover, arrest during the outgoing week of a leader of a proscribed organization has sent a positive signal to the international fraternity about Pakistan’s seriousness to address global pressure to dismantle terror networks and this should have a positive bearing on the FATF review in October.

Selling pressure in the local bourse intensified further this week. As per expectations the SBP raised the policy rate by 100 bps, settling at 13.25 percent. However the MPS radiated various positive signals that lent weight to the deduction that this may be the final rate hike by the SBP.

Moreover, monetary easing is a realistic possibility in the near future as inflationary pressure in the economy is expected to drastically recede during 2HFY20. In other news, political noise returned following arrest of another ex-PM in an alleged LNG scam. The KSE100 index closed at 32,459 points, declining 1,214 points WoW.

Sector-wise negative contributions were led by i) Oil & Gas Exploration Companies (227 points), ii) Fertilizer (174 points), iii) Commercial Banks (155 points), iv) Power Generation & Distribution (109 points), and v) Textile Composite (82 points). Scrip-wise negative contributions came from PPL (120 points), HUBC (69 points), ENGRO (58 points), OGDC (54 points) and POL (49 points).

Foreign buying was witnessed this week clocking-in at USD 6.44mn compared to a net buy of USD 5.91 million last week. Buying was witnessed in Cement (USD 3.7 million) and Banks (USD 3.2 million).

On the domestic front, major selling was reported by Mutual Funds (USD 19.3 million), however individuals remained net buyers of USD 9.9 million. Average Volumes settled at 106 million shares (up by 107 percent WoW) while average value traded clocked-in at USD 23 million (up by 83 percent WoW).

Other major news: i) Fertilizer prices increased, ii) Agreement with IMF: Government to further increase power tariff by Rs 3.5 per unit, iii) C/A deficit narrows 32pc to $13.5bln in FY19, iv) Interest rate hiked to 13.25pc, highest in eight years, and v) Fitch says IMF bailout deal to weigh on Pakistan’s growth.

KARACHI: The stock market recovered 149 points on Friday amid buying on improved investors sentiments.

The benchmark KSE-100 index closed at 32,459 points as against 32,310 points, showing an increase of 149 points.

Analysts at Arif Habib Limited said that the index oscillated around 650 during the session with +240 points and -408 points.

First session ended 240 points down and 49 million shares traded, whereas second session saw recovery in the index resulting in +240 points (unadjusted). News of State Enterprise / Market opportunity Fund by State Enterprises helped improve investor sentiment in the second session.

Buying activity took place in index heavy weights such as OGDC, PPL, PSO, LUCK, where PSO ended at upper circuit.

Cement Sector led the volumes chart with 27 million shares, contributed by MLCF (14.4million) and DGKC (4.5 million), and followed by Technology (14 million) and Power (12million). TRG ranked second in terms of traded volume with 12 million shares.

Sectors contributing to the performance include E&P (+66 points), Fertilizer (+48 points), O&GMCs (+43 points), Cement (+26 points), Chemical (+9 points).

Volumes increase by further from 87 million shares to 121 million shares (+39 percent DoD). Average traded value however, increased by 15.9 percent DoD to reach US 27.2 million as against US$ 23.5 million.

Stocks that contributed significantly to the volumes include MLCF, TRG, KE, PAEL, and BOP, which formed 43 percent of total volumes.

Stocks that contributed positively include ENGRO (+39 points), OGDC (+33 points), PPL (+31 points), LUCK (+24 points) and FFC (+23 points). Stocks that contributed negatively include UBL (-32 points), HUBC (-21 points), NESTLE (-17 points), DAWH (-10 points) and BAHL (-8 points).

KARACHI: The stock market eroded by 672 points on Thursday following significant selling pressure during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,310 points as against 32,982 points, showing a decline of 672 points.

Analysts at Arif Habib Limited said that the market stayed positive for a brief while earlier today and went +32 points, but after that selling pressure ensued causing a slide of 758 points and ending the session at -672 points.

The index breached recent intra-day low of 32,350 points today and closed at a low of 32,310 points.

Selling was observed across the board, and initially started with significant volumes in HBL. Banking sector led the volumes table with 15.7 million shares followed by Technology (11 million) and Cement (10 million).

Scrip wise activity showed TRG ranking top with 8.5 million shares, followed by KEL (7.3 million) and HBL (4.6 million).

Major declines were observed in OMCs, which saw significant declines in price, trading at and / or close to lower circuits.

Sectors contributing to the performance include Banks (-115 points), E&P (-101 points), Fertilizer (-100 points), O&GMCs (-58 points), Cement (-46 points).

Volumes declined further from 112 million shares to 86 million shares (-22 percent DoD). Average traded value however, increased by 0.9 percent DoD to reach US 23.4 million as against US$ 23.2 million.

Stocks that contributed significantly to the volumes include TRG, KEL, HBL, LOTCHEM and MLCF, which formed 33 percent of total volumes.

Stocks that contributed positively include MARI (+1 points), POL (+0 points), SHFA (+0 points), HGFA (+0 points) and ATLH (+0 points). Stocks that contributed negatively include ENGRO (-71 points), PPL (-64 points), HBL (-52 points), OGDC (-38 points) and HUBC (-24 points).

KARACHI: The stock market ended with gain of nominal 10 points on Wednesday despite positive trading of over 400 points earlier in the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,982 points as against 32,972 points showing an increase of 10 points.

Analysts at Arif Habib Limited said that the market opened on a positive note today and within no time touched day’s high of +409 points, post SBP rate hike yesterday of 100bps, inline with street consensus.

E&P, O&GMCs, Cement, Chemical, Fertilizer and Banking Sector scrips performed well earlier today, however, save for O&GMCs and Chemical, all went bust by session’s end.

LOTCHEM, SSGC, SNGP, EPCL traded near upper circuits. Cement sector led the volumes table with around 30 million shares (contributed by MLCF (16.5 million), DGKC (4.8 million) and FCCL (3.5 million)), followed by Chemical with 15M shares (contributed by LOTCHEM (8.2 million)).

Sectors contributing to performance include Banks (+30 points), Power (+17 points), Food (+15 points), Chemical (+14 points), Autos (-23 points), E&P (-20 points) and Textile (-10 points).

Volumes declined from 138.7 million shares to 111.5 million shares (-20 percent DoD). Average traded value also declined by 18 percent to reach US$ 23.2 million as against US$ 28.3 million.

Stocks that contributed significantly to the volumes include MLCF, TRG, LOTCHEM, DGKC and UNITY, which formed 40 percent of total volumes.

Stocks that contributed positively include HUBC (+21 points), HBL (+19 points), DAWH (+16 points), NESTLE (+15 points) and EPCL (+8 points). Stocks that contributed negatively include OGDC (-14 points), INDU (-14 points), FFC (-14 points), PPL (-10 points) and NML (-9 points).

KARACHI: The stock market gained a nominal 14 points on Tuesday amid high volume trading, analysts said.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,972 points as against 32,958 points showing an increase of 14 points.

Analysts at Arif Habib Limited said that the market volumes finally breached the anemic 40 million level and totaled 138.7 million shares.

Cement and E&P sector played a major role in setting the pace of market today, which oscillated between +135 points and -354 points.

E&P scrips POL and PPL traded near lower circuits, whereas OGDC also saw significant selling pressure.

Similarly, O&GMCs saw key scrips under pressure, such as PSO and SNGP.

MLCF and DGKC also traded near lower circuits, however, recovered later in the day’s trading. Cement sector led the volumes table with 27 million shares, followed by Power (22 million) and Technology (15 million).

Scrip wise activity shows KEL as volume leader with 20M shares, followed by MLCF (14 million) and TRG (13 million).

Sectors contributing to the performance include banks (46 points), Cement (26 points), Fertilizer (18 points), Power Generation (4 points), and Transport (3 points).

Volumes increased by from 138.7 million shares to 69.1 million shares.

Average traded value increased by merely 92 percent to reach US$ 28.3 million as against US$ 14.8 million.

Stocks that contributed significantly to the volumes include KEL, MLCF, TRG, BOP and LOTCHEM, which formed 43 percent of total volumes.

Stocks that contributed positively include UBL (+24 points), LUCK (+24 points), HBL (+23 points), ENGRO (+17 points) and MCB (+15 points). Stocks that contributed negatively include POL (-29 points), PPL (-21 points), BAHL(-11 points), NML (-10 points) and ABOT (-9 points).

KARACHI: The stock market plunged by 714 points on Monday owing to uncertainty on monetary policy that is scheduled to be announced tomorrow.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,958 points as against 33,672 points showing a decline of 714 points.

Analysts at Arif Habib Limited said that the market witnessed a significant decline of around 750 points during the session that is caused by uncertainty on monetary policy.

As per revised schedule, SBP is set to announce monetary policy tomorrow, where consensus estimate is for a hike of 100 basis points.

An interest rate hike in line with expectation will increase the policy rate to 13.25 percent.

Slowdown in economy amid recent protest of traders has caused negative sentiment amongst investors.

Major volumes were observed in Cement Sector to the tune of 11.5 million shares, followed by Banks (7.5 million) and Technology (7.2 million) Sectors. MLCF topped the chart with 5.5 million, followed by TRG (5.3 million) and KEL (3.2 million).

Sectors contributing to the performance include Fertilizer (-135 points), E&P (-115 points), Banks (-83 points), Power (-72 points), O&GMCs (-67 points).

Volumes increased by from 55.5 million shares to 69 million shares (+24 percent DoD). Average traded value increased by merely 3 percent to reach US$ 14.7 million as against US$ 14.3 million.

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

Stocks that contributed positively include FABL (+5 points), ATLH (+4 points), HBL (+1 points), FHAM (+0 points) and AKBL (+0 points). Stocks that contributed negatively include PPL (-56 points), HUBC (-49 points), ENGRO (-47 points), FFC (-45 points) and OGDC (-30 points).

KARACHI: The stock market to remain range bound next week. Investors are expected to have a cautious stance keeping in view monetary policy announcement on July 16, 2019, analysts at Arif Habib Limited said.

The analysts said that the State Bank of Pakistan (SBP) may increase a 100 basis points in view of aggravating inflationary pressure.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) was commenced on a negative note during the current week.

The lackluster attitude prevailed amid bleak near-term macro-economic outlook following release of IMF staff report. Additionally, apprehensions with regards to issue of Sukuk bonds for circular debt resolution kept the momentum suppressed.

With SBP announcing the date for monetary policy on the last day of the week, the investor sentiment further deteriorated. The local bourse closed at 33,672, shedding off 518 points.

Sector-wise negative contributions came from i) Commercial Banks (81 points), ii) Power Generation & Distribution (77 points), iii) Oil & Gas Marketing Companies (53 points), iv) Automobile Assembler (53 points), and v) Cement (50 points).

Scrip-wise negative contributions came from HUBC (53 points), PSO (37 points), BAHL (29 points), DGKC (24 points) and INDU (21 points). On the other hand, positive scrip-wise contributions came from FFC (34 points), DAWH (16 points), and EFERT (5 points).

Foreign buying was witnessed this week clocking-in at USD 5.91 million compared to a net buy of USD 5.92 million last week. Buying was witnessed in Cement (USD 3.0 million) and Power Generation& Distribution (USD 2.3 million). On the domestic front, major selling was reported by Companies (USD 7.6 million) and Mutual Funds (USD 5.3 million).

Average Volumes settled at 51 million shares (down by 41 percent WoW) while value traded clocked-in at USD 13 million (down by 36 percent WoW).