Tag: KSE-100

KARACHI: The stock market witnessed a marginal decline of 17 points on Thursday despite selling pressures during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,514 points as against 40,531 points showing decline of 17 points.

Analysts at Arif Habib Limited said that the market traded no different than what it has been since the beginning of the week.

The index oscillated between -359 points and +238 points during the session and closing at -17 points. Selling pressure remained there, which was primarily been due to profit taking by investors. Yesterday’s decline in PIB yields failed to prop up the index.

None of the listed sectors remained unscathed but the selling pressure was most witnessed in Cement sector.

Going with the recent trend, Vansapati sector led the trading volumes with 37.7 million shares, followed by Technology (27.2 million) and Cement (23.1 million). Among scrips, UNITY led the table with 37.7 million shares followed by TRG (12.9 million) and FFL (10.9 million).

Sectors contributing to the performance include E&P (+53 points), Tobacco (+32 points), Inv Banks (+27 points), Chemical (+13 points), O&GMCs (-26 points), Banks (-25 points), Cement (-21 points).

Volumes declined from 305.1 million shares to 227 million shares (-26 percent DoD). Average traded value also declined by 22 percent to reach US$ 54.3 million as against US$ 70 million.

Stocks that contributed significantly to the volumes include UNITY, TRG, FFL, BOP and KEL, which formed 35 percent of total volumes.

Stocks that contributed positively include PAKT (+35 points), PPL (+24 points), DAWH (+20 points), OGDC (+20 points) and COLG (+13 points). Stocks that contributed negatively include BAHL (-24 points), SNGP (-16 points), HUBC (-14 points), TRG (-12 points), and SEARL (-12 points).

KARACHI: The stock market ended down by 133 points on Wednesday owing to selling pressure witnessed during the day.

The benchmark KSE-100 of Pakistan Stock Exchange (PSX) closed at 40,531 points as against 40,664 points showing a decline of 133 points.

Analysts at Arif Habib Limited said that the market replicated yesterday’s performance, the index traded range bound from +247 points to -214 points during the session and closed the session at low ebb.

At the start of session, index opened on a positive note with +77 points and 3.74 million shares traded on opening. Volumes improved over the day and cross 300 million mark again.

Selling pressure was evident almost across the board, but mostly observed in Oil & Gas chain and Banks. Cement sector led the volumes with 44.6 million shares followed by Vanaspati (44.5 million) and Banks (31.8 million).

Among scrips, UNITY topped with 44.5 million shares, followed by POWER (16.3 million) and PAEL (15.6 million).

Sectors contributing to the performance include Banks (-50 points), Power (-44 points), Cement (-28 points), Inv Banks (-23 points), Autos (-20 points), Chemical (+14 points), and Textile (+11 points).

Volumes increased from 254.7 million shares to 305.1 million shares (+20 percent DoD). Average traded value also increased by 18 percent to reach US$ 70.0 million as against US$ 59.5 million.

Stocks that contributed significantly to the volumes include UNITY, POWER, PAEL, BOP and KEL, which formed 34 percent of total volumes.

Stocks that contributed positively include MARI (+37 points), FFC (+14 points), COLG (+13 points), SYS (+9 points) and SHFA (+7 points). Stocks that contributed negatively include PPL (-32 points), HUBC (-28 points), DAWH (-18 points), MCB (-18 points), and LUCK (-13 points).

The Pakistan Stock Exchange (PSX) experienced a moderate rise on Tuesday, with the benchmark KSE-100 index closing up by 222 points, settling at 40,665 points compared to the previous close of 40,443 points.

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KARACHI: The stock market fell by 289 points on Monday owing to narrow range trading activity.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,443 points as against 40,732 points showing a decline of 289 points.

Analysts at Arif Habib Limited said that the market opened on a positive note today at +72 points and 1.3 million shares traded at opening.

The benchmark index went up by 184 points in the morning and largely traded in a narrow range for good part of the session.

Near close of session market saw profit booking, which brought the index down by 417 points and closed the session at -289 points. Banking, OMCs, Steel, Autos and Cement sector stocks saw major sell off.

Cement sector led the volumes table with 44.3 million shares, followed by Chemical (37.4 million) and O&GMCs (31.4 million). Among scrips, UNITY led the volumes with 26.8 million shares, followed by MLCF (18.7 million) and LOTCHEM (15.4 million).

Sectors contributing to the performance include Banks (-152 points), Cement (-65 points), O&GMCs (-58 points), Power (-45 points), Autos (-27 points), Fertilizer (+27 points), E&P (+24 points), Food (+22 points).

Volumes declined further from 417.1 million shares to 320.1 million shares (-23 percent DoD). Average traded value also declined by 25 percent to reach US$ 73.5 million as against US$ 97.9 million.

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

Stocks that contributed positively include ENGRO (+23 points), NESTLE (+18 points), OGDC (+13 points), MARI (+10 points) and EPCL (+8 points). Stocks that contributed negatively include UBL (-60 points), HBL (-37 points), LUCK (-35 points), PSO (-33 points), and HUBC (-30 points).

KARACHI: The stock market likely to continue its positive momentum next week on the back of continuous improvement in the macroeconomic situation of the country.

Analysts at Arif Habib Limited said that foreign interest in the equity as well as debt markets posits healthy signs for overall investment climate going forward.

The KSE-100 index is currently trading at a PER of 7.1x (2020) compared to Asia Pac regional average of 13.4x and while offering DY of around 7.9 percent versus around 2.6 percent offered by the region.

Trading in the green continued this week as the index continued its bullish momentum as the banking sector led the charge this week.

The current week saw Moody’s changing its outlook on Pakistan from “Negative” to “Stable” on account of improving external account position of the country on the back of the government’s corrective measures.

This was followed by up-gradation of outlook to “stable” for the Big 5 banks, spurring buying activity in the banking sector.

Trade deficit data came this week as well which once again saw an improvement, declining 36 percent YoY during November 2019.

Consolidation of the country’s reserves continued, as SBP reserves touched an 8 month high at USD 9.1 billion. The KSE-100 Index settled at 40,732 points (up 1445 points WoW).

Sector-wise positive contributions came from i) Commercial banks (645 points), ii) Oil & Gas Marketing (131 points), and iii) Power Generation & Distribution (97 points) iv) E&P (84 points), and v) Insurance (79 points). Scrip-wise positive contributions were led by HBL (155 points), MCB (144 points), UBL (87 points), BAFL (78 points) and HUBC (75 points).

Foreign buying was witnessed this week clocking-in at USD 1.1 million compared to a net sell of USD 8.1 million last week. Buying was witnessed in Fertilizer (USD 8.4 million) and OMCs (USD 2.2 million).

On the domestic front, major selling was reported by Banks / DFIs (USD 22.3 million) and Other Organization (USD 3.3 million). Average Volumes settled at 465 million shares (up by 34 percent WoW) while average value traded clocked-in at USD 105 million (up by 31 percent WoW).

KARACHI: The stock market gained 91 points on Friday amid selling pressure witnessed in the market.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,732 points as against 40,641 points showing an increase of 91 points.

Analysts at Arif Habib Limited said that the market opened on a positive note, closed the first session +176 points and went as high as +347 points.

MoC faced selling pressure, bringing the index down and closing +91 points. Sectors performing E&P and O&GMCs.

Selling pressure, on the other hand was largely witnessed in Banking sector, which have so far seen massive rally and faced profit booking.

Cement sector also saw selling pressure. Cement sector led the volumes table with 84.8 million shares, followed by Vanaspati (53.5 million) and Technology (35.2 million).

Among scrips, UNITY saw volumes of 53.5 million shares followed by FCCL (31.9 million) and MLCF (18.6 million).

Sectors contributing to the performance include E&P (+64 points), Food (+30 points), Insurance (+21 points), Fertilizer (+23 points) and Chemical (+15 points).

Volumes declined from 507.9 million shares to 416.1 million shares (-18 percent DoD). Average traded value also declined by 25 percent to reach US$ 97.7 million as against US$ 129.8 million.

Stocks that contributed significantly to the volumes include UNITY, FCCL, MLCF, FFL and MLCFR1, which formed 32 percent of total volumes.

Stocks that contributed positively include PPL (+34 points), BAHL (+30 points), HUBC (+26 points), EFERT (+23 points) and OGDC (+23 points). Stocks that contributed negatively include PSO (-27 points), HBL (-21 points), SEARL (-15 points), KAPCO (-14 points), and LUCK (-14 points).

KARACHI: The stock market gained 371 points on Thursday owing to improved rating of top five banks of Pakistan.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,641 points as against 40,271 points showing an increase of 371 points.

Analysts at Arif Habib Limited said that following up the country ratings, Moody’s improved the rating for 5 Pakistan Banks as well, which caused the price gains in banking sector stocks in general, besides buying activity in cyclicals.

News of increase in cement dispatches over the 5 month period also gave confidence to investors to invest in Cement as well as Steel sector.

The benchmark KSE100 index recorded highest traded value for CY2019 so far with US$ 129.6 million. Traded volumes also crossed 500 million mark again with majority in Cement sector (111.6 million), followed by Banks (51.4 million) and Power (36.6 million).

Among scrips, UNITY registered volumes of 35.2 million shares followed by FCCL (34 million) and MLCF (20.5 million).

Sectors contributing to the performance include Banks (+105 points), E&P (+80 points), O&GMCs (+55 points), Cement (+54 points) and Fertilizer (+29 points).

Volumes increased significantly from 393.2 million shares to 507.5 million shares (+29.1 percent DoD). Average traded value also increased by 36 percent to reach US$ 129.6 million as against US$ 95.4 million.

Stocks that contributed significantly to the volumes include UNITY, FCCL, MLCF, KEL and TRG, which formed 25 percent of total volumes.

Stocks that contributed positively include PPL (+53 points), HBL (+42 points), PSO (+28 points), POL (+26 points) and NBP (+24 points). Stocks that contributed negatively include GLAXO (-9 points), MARI (-9 points), DAWH (-8 points), MTL (-7 points), and KAPCO (-5 points).

The Pakistan Stock Exchange (PSX) witnessed a robust upward trend on Wednesday as the benchmark KSE-100 index soared by 482 points, closing at 40,271 points compared to 39,789 points the previous day.

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KARACHI: The stock market ended down by 389 points on Tuesday owing to profit taking after the market witnessed massive gains during past days.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,735 points as against 40,124 points showing a decline of 389 points.

Analysts at Arif Habib Limited said that the market finally took some correction today when the index slid by around 400 points and closed the session at -389 points.

Selling pressure was mainly observed in Banks, but was otherwise felt in Autos, E&P, Steel and Cement sector as well. Refinery sector performed well with ATRL and NRL hitting upper circuits.

The main idea behind selling appeared profit booking, where the index crossed psychological barrier of 40,000.

Cement sector led the trading volumes with 62 million shares, followed by Technology (51.2 million) and Power (50.1 million).

Among scrips, KEL realized 42.8 million shares I trading volume, followed by TRG (25.3 million) and BOP (19.1 million).

Sectors contributing to the performance include Banks (-116 points), Cement (-80ps), Fertilizer (-67 points), O&GMCs (-21 points) and Chemical (-21 points).

Volumes declined slightly from 557.4mn shares to 448.5 million shares (-20 percent DoD). Average traded value also declined by 12 percent to reach US$ 93 million as against 106.1 million.

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

Stocks that contributed positively include MCB (+27 points), NESTLE (+16 points), SEARL (+15 points), PKGS (+9 points) and EFERT (+9 points). Stocks that contributed negatively include ENGRO (-59 points), UBL (-40 points), LUCK (-37 points), BAHL (-28 points), and SNGP (-21 points).

KARACHI: The stock exchange has registered significant gain of 837 points on Monday on upgrade of credit rating of Pakistan to stable from negative.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,124 points as against 39,287 points showing an increase of 837 points.

Analysts at Arif Habib Limited said that the market finally crossed 40,000 level today, which was last seen in February 2019.

Trading volumes also increased significantly to 557 million shares. International Ratings Agency, Moody’s has reportedly upgraded Pakistan’s outlook from Negative to Stable and affirmed B3 rating.

This further gave confidence to investors carrying the bull run witnessed from 36,000 level. Banking sector continued upbeat performance on the bourse with volumes crossing 110 million shares, followed by Cement (64.7 million) and Power (47 million). Among scrips, BOP led the volumes with 74.9 million shares, followed by KEL (40.8 million) and UNITY (37.7 million).

Sectors contributing to the performance include Banks (+516 points), Power (+73 points), O&GMCs (+53 points), Cement (+52 points), Textile (+36 points).

Volumes increased significantly from 431.8 million shares to 557.3 million shares (+29 percent DoD). Average traded value also increased by 14 percent to reach US$ 106.1 million as against US$ 93.2 million.

Stocks that contributed significantly to the volumes include BOP, KEL, UNITY, FFL and PAEL, which formed 34 percent of total volumes.

Stocks that contributed positively include HBL (+119 points), MCB (+92 points), UBL (+89 points), BAHL (+59 points) and HUBC (+51 points). Stocks that contributed negatively include OGDC (-49 points), PPL (-24 points), POL (-19 points), MTL (-8 points), and COLG (-7 points).