Tag: KSE-100

KARACHI: The equity market ended down by 104 points on Monday owing to panic selling.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 37,026 points as against 37,130 points showing a decline of 104 points.

Analysts at Arif Habib Limited said that the market commenced on a positive note today and continued the rally that took place last week.

During the session, the index increased by 307 points that was caused by Cement sector stocks hitting upper circuit.

However, rumor regarding failure of negotiation amongst Cement manufacturers caused panic selling by investors, which resulted in index sliding in negative territory and erosion of price gains made earlier.

Cement Sector topped the volumes with 34 million shares, followed by Banks (24 million).

Among scrips, PIBTL led the volumes with 14 million shares followed by PAEL (11 million).

Major sentiment dampener turned out to be E&P sector that saw heavy selling in all the E&P scrips on the back of falling international oil prices.

Sectors contributing to the performance include Transport (+20 points), Tobacco (+19 points), E&P (-100 points), Fertilizer (-43 points), Power (-9 points), Textile (-8 points) and Cement (-7 points).

Volumes increased from 144 million shares to 177 million shares (+23 percent DoD).

Average traded value also increased by 22 percent to reach US$ 44.8 million as against US$ 36.7 million.

Stocks that contributed significantly to the volumes include PIBTL, PAEL, BOP, FCCL and KEL, which formed 32 percent of total volumes.

Stocks that contributed positively include PIBTL (+20 points), HBL (+16 points), HMB (+10 points), PMPK (+10 points), and PAKT (+9 points). Stocks that contributed negatively include PPL (-46 points), OGDC (-34 points), POL (-23 points), ENGRO (-19 points) and LUCK (-13 points).

KARACHI: The stock market is expected to experience positive momentum in the coming week as Prime Minister Imran Khan’s visit to China and the arrival of an International Monetary Fund (IMF) team in Pakistan generate optimism among investors.

KARACHI: The equity market gained 335 points on Friday amid optimistic sentiment over IMF loan program.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 37,130 points as against 36,796 points showing an increase of +335 points.

Analysts at Arif Habib Limited said that the market increased consecutively with another 362 points during the day and ended the session +335 points.

Optimism can clearly be seen from market participants, which emanates from likely conclusion of IMF package in the first week of May as well as PM’s visit to China.

Cement sector performed well on the news of settlement of sales quota amongst cement manufacturers on upcoming meeting coming Monday.

A host of result announcements also helped prop-up the index. BOP topped the volumes table with 20M shares, followed by PAEL (9 million) and UNITY (7 million).

Banking sector performed well with 27 million shares, which was followed by Cement Sector (23 million shares).

Sectors contributing to the performance include Cement (+104 points), Tobacco (+38 points), Power (+34 points), Autos (+28 points) and Fertilizer (+19 points).

Volumes increased from 106.8 million shares to 146.8 million shares (+35 percent DoD). Average traded value also increased by 23 percent to reach US$ 36.8 million as against US$ 29.8 million.

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

Stocks that contributed positively include LUCK (+51 points), PAKT (+32 points), DAWH (+23 points), DGKC (+16 points), and FCCL (+16 points). Stocks that contributed negatively include MCB (-16 points), BAHL (-15 points), UBL (-9 points), IGIHL (-6 points) and FFC (-5 points).

KARACHI: The stock market gained 292 points on Thursday amid highly volatile trading sessions.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 36,796 points from previous day’s closing of 36,504 points with gain of 292 points.

Analyst at Next Capital Limited said that the decline in international oil prices after the US Energy Information Administration (EIA) reported a much bigger than expected rise in commercial crude inventories kept the oil stocks under pressure throughout the day.

Pakistan Petroleum Limited recorded (-0.43 percent) and Pakistan Oil Fields (-0.86 percent).

Market participation for the 100 index decreased to 84.2 million from 93.1 million in the previous session.

Major contribution to total market volume came from BOP, WTL, and LOTCHEM churning 25.1 million shares out of the total market all share volume of 106.8 million shares.

Analysts at Topline Securities said that following fall of around 5.5 percent in month of April (till 24th), index slightly recovered 0.8 percent as amnesty scheme is likely to be presented in front of cabinet next week.

Further, likely meeting of Prime Minister Imran with IMF chief in China and expected arrival of IMF mission from Apr 27-30, 2019 also restored investors confidence in getting bailout package.

KARACHI: The stock market ended in green mainly on positive earning declared by banks on Wednesday.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 36,504 points as against 36,404 points showing an increase of 100 points.

Analysts at Arif Habib Limited said that the market went green today and went up by 329 points.

The positive drive was mainly attributed to positive earnings posted by Banks (HBL, UBL, MCB) as well as DGKC that showed promising results as against market expectation.

Post result announcement, all the pertinent stocks gained in terms of price and volume, however, due to prevailing weak sentiment, profit booking ensued as well that largely eroded almost all the gains in Cement sector scrips.

Cement sector garnered 23 million shares, which is the highest among other sectors, followed by Banks (18 million) and Chemical (15 million). LOTCHEM has consecutively been performing on the bourse after a long time and again topped the volumes table with 9.8 million shares, followed by BOP that also showed price improvement over yesterday.

Sectors contributing to the performance include Banks (+77 points), Power (+35 points), E&P (+27 points), Food (+15 points), Pharma (-36 points), Tobacco (-10 points).

Volumes dipped further to reach 116 million shares as against 120 million shares (-3 percent DoD). Average traded value also declined by 8 percent to reach US$ 32.5 millionas against US$ 35.4 million.

Stocks that contributed significantly to the volumes include LOTCHEM, BOP, TRG, PIOC and MLCF, which formed 36 percent of total volumes.

Stocks that contributed positively include UBL (+42 points), HUBC (+37 points), NESTLE (+20 points), OGDC (+16 points), and HMB (+14 points). Stocks that contributed negatively include ABOT (-12 points), NBP (-11 points), FFBL (-11 points), PMPK (-10 points) and SEARL (-9 points).

KARACHI: The equity market extended previous day’s losses on Tuesday owing to concerns over new budgetary measures under planned IMF program.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 36,404 points as against 36,902 points showing a decline of 498 points.

Analysts at Arif Habib Limited said that the index saw a significant draw down of 765 points.

Issues contributing to the negative sentiment included a key meeting among Cement manufacturers to discuss the market share and possibly redefine the same in north and south regions.

Besides, recent resignation of FM and joining of the Advisor to Finance Ministry caused concern among investors for deferral in finalization of IMF.

In addition, future contract in the on-going rollover week attracted selling interest from investors. Cement Sector led the volumes with 19 million shares, followed by Chemical (15 million).

LOTCHEM managed to move upward though the price gains were contained. SNGP after showing phenomenal results, announced yesterday, saw lower circuit by session’s end.

Sectors contributing to the performance include Fertilizer (-66 points), Banks (-66 points), Cement (-58 points), E&P (-58 points), O&GMCs (-51 points).

Volumes continued declining trend and reached 120 million shares from 126 million shares (-5 percent DoD). Average traded value increased by 13 percent to reach US$ 35.4 million from US$ 31.3 million.

Stocks that contributed significantly to the volumes include LOTCHEM, KEL, SNGP, BOP and PIOC, which formed 35 percent of total volumes.

Stocks that contributed positively include MCB (+4 points), MUREB (+3 points), UBL (+2 points), FATIMA (+2 points), and MEBL (+2 points). Stocks that contributed negatively include HBL (-33 points), DAWH (-30 points), ENGRO (-23 points), OGDC (-23 points).

KARACHI: The stock market lost 391 points to start the week on Monday with selling pressure witnessed during the trading.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 36,902 points as against 37,292 points showing a decline of 391 points.

Analysts at Arif Habib Limited said that profit booking was apparently the only idea on investors’ mind.

SNGP, which hit upper circuit the other day with high volume was scheduled to announce financial results today.

Although SNGP beat street consensus and did hit upper circuit today, it couldn’t sustain selling pressure and price went below last trading day’s closing price.

LOTCHEM retained investors’ interest and despite trading below upper circuit several times, it managed to close at upper circuit.

Overall, the index lost 453 points during the session besides marking +187 points in the beginning.

Cement sector led the volumes with 24 million shares, followed by Chemical (21.8 million) and Banks (12.5 million). Among scrips, LOTCHEM topped the chart with 19.7 million shares, followed by PIOC (10.6 million).

Sectors contributing to the performance include Banks (-118 points), E&P (-40 points), Fertilizer (-37 points), Cement (-29 points), Power (-27 points).

Volumes declined considerably from 177.4 million shares to 125.9 million shares (-29 percent DoD). Average traded value also declined by 33 percent to reach US$ 31.3 million as against US$ 46.9 million.

Stocks that contributed significantly to the volumes include LOTCHEM, PIOC, KEL, SNGP and PAEL, which formed 45 percent of total volumes.

Stocks that contributed positively include LOTCHEM (+8 points), INDU (+2 points), DCR (+2 points), ICI (+2 points), and PKGS (+2 points). Stocks that contributed negatively include HBL (-56 points), PPL (-22 points), MCB (-20 points), LUCK (-18 points) and FFC (-17 points).

KARACHI: The stock market likely to gain momentum following major reshuffle in the federal cabinet and inclusion of technocrats.

Analysts at Arif Habib Limited expected the market to continue the momentum it gained on Friday and remain in the green next week.

“Inclusion of technocrats into the federal cabinet may be seen as a positive step for policy making.”

Valuations across the board have opened up and investors are advised to build positions in value stocks.

The domestic equity bourse remained under pressure the entire week owing to lack of clarity over the PM’s decision to make changes in the cabinet, which finally ended with major changes including the removal of Asad Umar from the Finance Ministry on Wednesday.

Failure to get an Amnesty Scheme approved by the cabinet by the Finance Minister also depressed sentiment. Moreover, Commercial Banks remained under pressure mid-week as news of consultation process for creation of a Treasury Single Account (TSA) that would transfer government deposits in Commercial Banks to the SBP, took rounds in the market.

However on the last trading day of the week the market rebounded strongly, accelerating 481 points during the day. The benchmark index closed at 37,292 points at the end of the week, receding by a mere 45 points WoW.

Negative sector-wise contributions came from i) Tobacco (59 points), ii) Cement (55 points), and iii) Engineering (26 points). On the flip side, sectors that contributed positively include i) Fertilizers (72 points), ii) Oil & Gas Exploration Companies (26 points), iii) Automobile Assembler (25 points), and iv) Power Generation & Distribution (25 points).

Scrip-wise major negative contributions came from PMPK (32 points), BAHL (29 points), PAKT (27 points) and BOP (24 points). Positive contributions came from FFC (78 points), UBL (58 points), PPL (37 points) and HUBC (36 points).

Foreign selling continued this week clocking-in at USD 1.9 million compared to a net sell of USD 2.2 million last week.

Selling was witnessed in Exploration & Production (USD 5.3 million) and Oil & Gas Marketing Companies (USD 0.4 million).

On the domestic front, major buying was reported by Companies (USD 4.6 million) and Individuals (USD 2.3 million). Volumes settled at 176 million shares (up by 18 percent WoW) while value traded clocked in at USD 39mn (up by 16 percent WoW).

KARACHI: The stock exchange on Friday welcomed the resignation of Asad Umar from the post of finance minister by gaining 481 points.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 37,292 points as against 36,811 points showing an increase of 481 points (+1.3 percent DoD).

Analysts at Arif Habib Limited said that resignation of the finance minister gave the market the required impetus and investors showed their confidence with an increase of 917 points.

Almost everything from banks to steel saw healthy buying activity, which was further aided by prospects of discovery in offshore Indus, giving way to buying activity in OGDC and PPL.

BOP reversed the negative tide with the news of SBP issuing clarification regarding implementation of TSA.

Resultantly, BOP saw considerable activity at upper circuit.

SNGP, which is due to consider Financials over the weekend, saw the scrip trading at an near upper circuit.

Likewise, LOTCHEM which was estimated to post lower earnings came with a positive surprise and double the market expectation. LOTCHEM also closed at upper circuit.

Sectors contributing to the performance include Banks (+188 points), E&P (+61 points), Fertilizer (+46 points), Food (+40 points) Power (+40 points).

Volumes declined from 216 million shares to 177 million shares (-18 percent DoD). Average traded value on the contrary increased by 28 percent DoD to reach US$ 46.9 million as against US$ 36.6 million.

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

Stocks that contributed positively include MCB (+65 points), HBL (+51 points), FFC (+38 points), PPL (+36 points), and NESTLE (+35 points).

Stocks that contributed negatively include MARI (-8 points), IGIHL (-6 points), MEBL (-6 points), HMB (-5 points) and DAWH (-4 points).