Tag: KSE-100

KARACHI: The share market ended with a gain of 127 points on the last trading day of fiscal year 2018/2019 despite early day losses.

The benchmark KSE-100 index of Pakistan Stock Exchange closed at 33,902 points as against 33,774 points showing an increase of 127 points.

Analysts at Arif Habib Limited said that last trading day of the financial year ended positively with +127 points (unadjusted), although the day’s oscillation from +162 points to -365 points, left the investors with a bit of anxiety.

Adding to this anxiety was also the decline in Rupee parity with USD that caused the index to first recover the loss of 365 points and then increased by 127 points.

The sectors that contributed to this increase were Cement, Utilities, Chemical and Autos.

Banking sector led the volumes with 74 million shares, followed by Power (31 million).

Among scrips, Silk Bank topped the volumes with 38 million shares followed by KEL (21 million).

In total, 3 scrips contributed 75 million shares in traded volume, which comprises 35 percent of total traded volume.

Sectors contributing to the performance include Cement (+48 points), Autos (+25 points), Pharma (+21 points), O&GMCs (+15 points), Power (+14 points), E&P (-34 points).

Volumes increased significantly from 135 million shares to 213.5 million shares (+58 percent DoD). Average traded value also increased by 42 percent to reach US$ 39.5 million as against US$ 27.9 million.

Stocks that contributed significantly to the volumes include SILK, KEL, BOP, FFBL and FCCL, which formed 42 percent of total volumes.

Stocks that contributed positively include LUCK (+20 points), MTL (+12 points), KEL (+12 points), PSO (+11 points) and HMB (+11 points).

Stocks that contributed negatively include PPL (-18 points), HBL (-17 points), OGDC (-14 points), PMPK (-12 points) and POL (-10 points).

KARACHI: The stock market witnessed another fall of 314 points on Thursday over concerns related to inflationary pressure and monetary tightening.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,774 points as against 34,089 points showing a decline of 314 points.

Muhammad Faizan Munshey, Head of Foreign Institutional Sales at Next Capital Limited said that the benchmark KSE 100-share index continued its slump on Thursday, dropping another 314.14 points to settle at 33,774.42.

“The brutal sell-off is being fuelled by mounting investor concerns over the outlook on inflation and interest rates, which could curtail growth in the economy and have a damaging knock-on effect,” he said.

Pak Rupee continues to drop against the dollar. The US Dollar hit all-time high of 164.5 against the Pak Rupee in early trade in the interbank bank.

However, some respite was witnessed later in the day and the Dollar came down to 163.35.

Analysts at Arif Habib Limited said that the down trend in market continues amidst repo activity.

Despite the absence of MTS volume, market remained under selling pressure.

Power sector led the volumes on the bourse with 33M shares, followed by Banks (19 million).

KEL remained on the top consecutively on the second day with 24 million shares, which is followed by PAEL (7 million).

Banking sector saw price erosion in HBL and UBL, with HBL taking the major toll and reaching recent lows.

Similarly, stocks that have potential negative effect due to increase in Rupee:Dollar parity performed poorly.

While those stocks which have positive impact emanating from high parity failed to grab investors’ interest due to weak macroeconomic fundamentals.

Sectors contributing to the performance include Fertilizer (-80 points), E&P (-76 points), Commercial Banks (-58 points), Cement (-30 points) and Power Generation (-24 points).

Volumes decreased from 159.6 million shares to 135.0 million shares (-15 percent DoD). Average traded value also decreased by 7.5 percent to reach US$ 27.9 million as against US$ 30.1 million.

Stocks that contributed significantly to the volumes include KEL, PAEL, FFBL, BOP and MLCF, which formed 37 percent of total volumes.

Stocks that contributed negatively include PPL (-44 points), FFC (-40 points), HBL (-35 points), HUBC (-29 points) and ENGRO (-23 points).

Stocks that contributed positively include INDU (+10 points), MEBL (+9 points), FATIMA (+8 points), ABOT (+7 points) and HMB (+7 points).

KARACHI: The share market lost another 102 points on Wednesday as many scrips were remained under pressure due to gas price hike.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) was closed at 34,088 points as against 34,191 points showing a decline of 102 points.

Analysts at Arif Habib Limited said that the market continued the downtrend today with -459 points during the session, however, recovered by end to limit the loss to -102 points.

Majority of the traded volume today and yesterday has been repo-reverse repo transaction, which is a highlight of June end.

KEL topped the volumes with 30 million shares followed by BOP (9 million).

Sector wise performance reflects Power sector leading the table with 35 million shares, followed by Banks and Cement (19 million each).

Cement sector remained under pressure throughout the day, which was caused by a host of reasons including the recent gas tariff hike by the government.

Sectors contributing to the performance include Banks (-79 points), O&GMCs (-25 points), Tobacco (+26 points), Power (+26 points) and Food (+17 points).

Volumes increased from 144.9 million shares to 158.6 million shares (+9 percent DoD).

Average traded value also increased by 18 percent to reach US$ 30 million as against US$ 25.5 million.

Stocks that contributed significantly to the volumes include KEL, BOP, HMB, FFBL and FCCL, which formed 34 percent of total volumes.

Stocks that contributed positively include PAKT (+26 points), HUBC (+21 points), POL (+16 points), NESTLE (+11 points) and FATIMA (+9 points).

Stocks that contributed negatively include HBL (-50 points), UBL (-26 points), PSO (-16 points), SEARL (-12 points) and ENGRO (-11 points).

KARACHI: The share market lost another 281 points on Tuesday owing to continued selling pressure.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,191 points as against 34,472 points showing a decline of 281 points.

Analysts at Arif Habib Limited said that the market witnessed a relatively dull session today and continued the downside towards 487 points.

Market made recovery a number of times during the day and the same was observed in last half hour, which saw recovery of close to 200 points at a point in time.

Selling was observed in Cement, Banks, E&P and Autos sectors. Steel, Fertilizer and Sui Utilities remained relatively unscathed.

Cement Sector led the volumes table with 27 million, followed by Power (23 million). KEL led the total volumes with 21 million, followed by MLCF (10 million).

Sectors contributing to the performance include Banks (-86 points), E&P (-43 points), Power (-31 points), Cement (-27 points) and Fertilizer (-23 points).

Volumes increased from 78.7 million shares to 144.1 million shares (+83 percent DoD). Average traded value also increased by 42 percent to reach US$ 26.1 million as against US$ 18.4 million.

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

Stocks that contributed positively include EFERT (+10 points), PMPK (+10 points), MARI (+7 points), HGFA (+6 points) and BOP (+5 points). Stocks that contributed negatively include HUBC (-30 points), PAKT (-29 points), NESTLE (-23 points), FFC (-21 points) and PPL (-21 points).

KARACHI: The share market sharply fell by 653 points or 1.9 percent on Monday owing to heavy selling during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,472 points as against 35,125 points showing a decrease of 653 points.

Analysts at Arif Habib Limited said that the market opened on a positive note with +24 points, but hit a ceiling of +69 points followed by heavy selling throughout the session.

Cement sector caused the concern among investors due to requirement introduced in the budget for presenting CNIC to buy cement as well as the protest from cement dealers highlighting the risks of low sales by cement manufacturers.

Non-activation of State Enterprise Fund, also added to the misery of investors. Across the board selling was observed and positive news flow on Qatar’s potential investment in Pakistan to the tune of US$ 3 billion also failed to stem the flow of selling.

Sectors contributing to the performance include E&P (-127 points), Cement (-106 points), Fertilizer (-102 points), Banks (-91 points), OGMCs (-56 points).

Volumes declined from 129.3 million shares to 78.7 million shares (-39 percent DoD). Average traded value also declined by 31 percent DoD to reach US$ 18.4 million as against US$ 26.9 million.

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

Stocks that contributed negatively include LUCK (-56 points), PPL (-40 points), POL (-34 points), OGDC (-34 points) and ENGRO (-33 points). Stocks that contributed positively include PMPK (+11 points), BAHL (+7 points), NESTLE (+7 points), PKGS (+3 points) and NATF (+3 points).

The stock market gained 129 points on Friday, buoyed by the anticipated release of a Rs200 billion Sukuk by the government. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 35,125 points, up from 34,996 points, reflecting a positive sentiment among investors.

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KARACHI: The stock market gained 340 points on Thursday on improved sentiments.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,996 points as against 34,656 points showing an increase of 340 points.

Analysts at Arif Habib Limited said that market moved up today after sustaining losses for the past three sessions. E&P sector took cue from rising crude prices and were further helped by Iran’s taking down of US drone.

Besides the positivity in E&P sector, Cement stocks also increased on the back of recent price hikes in cement price / bag. Total volumes hit around 163 million shares, however, most of it came from Summit Bank (19 million), WTL (17 million), JSCL (10 million) and PAEL (10 million).

Technology sector led the volumes table with 29 million shares, followed by Banks (24 million) and Cement (22 million).

Sectors contributing to the performance include Fertilizer (+69 points), Banks (+62 points), E&P (+44 points), Cement (+44 points) and Autos (+25 points).

Volumes increased significantly from 99.4 million shares to 163 million shares (+64 percent DoD). Average traded value also increased by 31 percent to reach US$ 28.8 million as against US$ 21.9 million.

Stocks that contributed significantly to the volumes include SMBL, WTL, JSCL, PAEL and MLCF, which formed 41 percent of total volumes.

Stocks that contributed positively include FFC (+21 points), EFERT (+21 points), ENGRO (+20 points), POL (+20 points) and HUBC (+19 points). Stocks that contributed negatively include NESTLE (-14 points), PAKT (-11 points), NCPL (-3 points), JLICL (-2 points) and KAPCO (-2 points).

KARACHI: The stock market ended flat on Wednesday amid uncertainty on approval of the federal budget 2019/2020.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 34,656 points from previous day’s closing of 34,682 points, losing 26 points.

Analysts at Topline Securities said that during the trading session index depicted a flattish trend closing in at 34,656 points in the absence of major news flow.

Uncertainty regarding budget approval continued to persist as the opposition leader in his speech today at National Assembly demanded major changes in the budget, declaring it as IMF influenced.

Expected hike in gas prices led gas distributing companies SSGC & SNGP to land in the positive territory; up in the range of 2.25-3.21 percent.

Out of total 333 active stocks, 189 stocks ended in red, while 123 stocks closed in the green whereas values of 21 scrips remained unchanged.

Trade volume witnessed attrition of 5 percent. Similarly, trade value declined by 15 percent. MLCF continue to remain the volume leader since the last five trading sessions.

KARACHI: The stock market ended down by 487 points on Tuesday owing to delay concerns over activation of state enterprise and market opportunity fund.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,682 points as against 35,169 points showing a decline of 487 points.

Analysts at Arif Habib Limited said that the market repeated yesterday’s episode of decline in index, which was primarily caused by concerns over delay in activation of State Enterprise & Market Opportunity Funds, MSCI and FTSE Reviews.

Activity was slow and investors maintained cautious stance.

Selling pressure was mainly observed in Banks and E&P Sector, which spread to Cement sector by the end of session.

Cement sector saw price gains on the back of another increase of Rs15-20 in price / bag, which couldn’t sustain selling pressure. MLCF, which topped the volumes chart, ended 5 percent down.

Overall, Cement sector led the volumes with 28M shares, followed by Technology stocks (mainly TRG).

Sectors contributing to the performance include Banks (-79 points), Fertilizer (-76 points), E&P (-65 points), Cement (-59 points), O&GMCs (-55 points).

Volumes declined further from 128mn shares to 104mn shares (-19 percent DoD). Average traded value also declined by 19 percent to reach US$ 257mn as against US$ 31.6mn.

Stocks that contributed significantly to the volumes include MLCF, TRG, PIBTL, KEL and EPCL, which formed 35 percent of total volumes.

Stocks that contributed positively include PAKT (+6 points), OGDC (+5 points), GATM (+3 points), AICL (+2 points) and AGP (+2 points). Stocks that contributed negatively include MCB (-31 points), PPL (-28 points), MARI (-26 points), NESTLE (-23 points) and FFC (-23 points).