Tag: KSE-100

KARACHI: The equity market gained 200 points on Tuesday after improved trading sentiments.

The KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,329 points as against 38,129 points showing an increase of 200 points.

Analysts at Arif Habib Limited said that the market sentiment improved after a long time and the index closed positive.

After an initial down side of 89 points at the beginning of session, the market turned positive and investors took positive bets on the outcome of Supreme Court’s decision relating to Nawaz Sharif, which is considered to be a sign of resolving political stalemate at the parliament and focusing on core economic issues by the government.

Cement, Fertilizer, Autos and E&P sector contributed the most to the upside, especially by the end of session. O&GMCs, especially SSGC, also went up with expectation of financial results to be announced soon as the extension got turned down by SECP.

Sectors contributing to the performance include E&P (+101 points), Autos (+22 points), Fertilizer (+20 points), Engineering (+14 points) and O&GMCs (+13 points).

Volumes increased significantly from 56.5 million shares to 86.1 million shares. Average traded value also increased by 33 percent to reach $ 25.2 million as against $ 19 million.

Stocks that contributed significantly to the volumes include WTL, KEL, OGDC, FCCL and TRG, which formed 38 percent of total volumes.

Stocks that contributed positively include OGDC (+54 points), PPL (+30 points), MARI (+12 points), SNGP (+11 points), and SEARL (+9 points). Stocks that contributed negatively include FCCL (-8 points), PSO (-7 points), SPWL (-5 points), KTML (-5 points) and HBL (-4 points).

KARACHI: The equity market continued is declining trend on Monday and lost 403 points under selling pressure.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,129 points as against 38,532 points showing a decline of 403 points.

KSE-100 index continued its downward trend that it picked earlier last week and gave no regard to the initial signs of recovery seen on Friday.

Unlike past several sessions, the market opened on a downbeat with -12 points and the number kept growing to the downside till session’s end.

Market saw a total draw down of -479 points and closed -448 points (unadjusted).

Also, the traded volume registered lowest levels in recent times.

Major contribution to traded volumes was observed in Power Sector (KEL), followed by Banks (BOP, BAFL).

Prime Minister’s reference to large oil & gas discovery in Indus Offshore didn’t entice investors to take a large bet on OGDC/PPL and remained content on market price.

Sectors contributing to the performance include E&P (-98 points), Cement (-64 points), Fertilizer (-63 points), Power (-29 points), Banks (-25 points).

Volumes declined significantly to 56.4mn shares from 84.6mn shares (-33 percent DoD). Average traded value also declined by 40 percent to reach US$ 19mn as against US$ 31.5mn.

Stocks that contributed significantly to the volumes include KEL, WTL, BOP, OGDC and BAFL, which formed 32 percent of total volumes.

Stocks that contributed positively include PMPK (+10 points), MUREB (+5 points), PAKT (+4 points), HMB (+3 points), and MCB (+2 points). Stocks that contributed negatively include OGDC (-35 points), LUCK (-33 points), PPL (-29 points), POL (-24 points) and ENGRO (-21 points).

KARACHI: The equity market likely to display a mixed trend next week showing a range-bound behavior, analysts said.

Analysts at Arif Habib Limited said that concerns of an expected hike in the upcoming monetary policy statement may keep investors on the back seat.

However, valuations across the index have opened up to an enticing level which can provide numerous entry options.

Investor climate in the outgoing week regained some confidence while volumes continued to remain dull.

Improvement on the external front (CAD portrayed a significant decline of 72 percent YoY/59 percent MoM during February 2019, while contracting 23 percent YoY during 8MFY19), visit of Malaysian PM Mahatir Mohamad and improving ties with the US all contributed towards stimulating positivity in the investors’ sentiments.

The benchmark KSE-100 index closed at 38,532 points, registering an increase of 225 points during the week (+0.6 percent WoW).

Sector-wise positive contributions came from i) Commercial Banks (+278 points), ii) Oil and Gas Exploration Companies (+194 points), and iii) Fertilizer (+75 points).

Whereas, sectors that contributed negatively include i) Power Generation & Distribution (-126 points), ii) Oil & Gas Marketing Companies (-39 points) and Pharmaceuticals (-30 points). Scrip-wise major positive contributions came from PPL (+115 points), MCB (+91 points), HBL (+77 points), POL (+57 points), and OGDC (+51 points).

Major laggards included HUBC (-122 points), SEARL (-30 points) and MARI (-29 points).

Foreign buying witnessed in the week settled at USD 3.1 million compared to a net sell of USD 15.6 million last week.

Buying was witnessed in Commercial Banks (USD 2.9 million) and Exploration & Production (USD 1.7 million).

On the domestic front, major selling was reported by Insurance Companies (USD 4.8 million) and Other Organizations (USD 2.7 million).

Average volumes during the week settled at 84 million shares (down by 10 percent WoW) whereas average value traded arrived at USD 28 million (up by 6.6 percent WoW).

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Equity market gains 147 points on optimistic sentiments
Equity market sheds 163 points in ongoing loss making trail

KARACHI: The equity market gained 147 points on Friday on hopes of good news on economic front. The benchmark KSE-100 index closed at 38,532 points as against 38,385 points showing an increase of 147 points.

Analysts at Arif Habib Limited said that the market had a relatively better session as compared to the past whole week.

PM’s promise of sharing good news in 3 weeks did the trick for the investors, causing E&P stocks especially OGDC and PPL to take off and growing both in price and volumes.

First session saw market increasing by 228 points with 35.2 million trading volume, which grew further in the second session by adding another 108 points to reach a total of +336 points in the index, however, selling pressure ensued in second session that resulted in erosion of almost all the gains during the day.

Last half hour of trading saw buying activity that closed the index +207 points (unadjusted).

Sectors contributing to the performance include E&P (+162 points), Banks (+58 points), Textile (+11 points), Power (-36 points), Food (-21 points).

Volumes improved slightly to reach 84.6 million shares as against 81.4 million shares (+4 percent DoD).

Average traded value also increased by 4 percent to reach US$ 31.6 million as against US$ 30.4 million.

Stocks that contributed significantly to the volumes include PKGP, BOP, OGDC, HUBC and PPL, which formed 41 percent of total volumes.

Stocks that contributed positively include PPL (+84 points), OGDC (+58 points), POL (+23 points), BAFL (+18 points), and PMPK (+12 points). Stocks that contributed negatively include HUBC (-37 points), NESTLE (-20 points), PSEL (-11 points), LUCK (-10 points) and ENGRO (-8 points).

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Equity market sheds 163 points in ongoing loss making trail

KARACHI: The equity market ended with decline of 163 points on Thursday in its ongoing loss making trail. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,385 points as against 38,548 points showing a decline of 163 points.

Analysts at Arif Habib Limited said that KSE-100 index continued the loss making trail from past several sessions.

The market turned positive for a brief while in the morning but reverted to selling pressure which saw selling activity in Banks, Cement, Steel, Fertilizer, Autos, & OMCs.

During the session the news of Supreme Court’s acceptance of Bahria Town deal felt a fresh breathe, however, the wave lived short. By the close of market, selling pressure mounted back resulting in index sliding down by 205 points (unadjusted).

Sectors contributing to the performance include Fertilizer (-47 points), Power (-36 points), O&GMCs (-22 points), E&P (-13 points), Cement (-12 points).

Volumes declined slightly from 83mn shares to 81mn shares (-2 percent DoD). Average traded value however, increased by 22 percent to reach US$ 30.4mn from U$ 24.9mn.

Stocks that contributed significantly to the volumes include BOP, PAEL, HUBC, SSGC and WTL, which formed 24 percent of total volumes.

Stocks that contributed positively include POL (+21 points), BAHL (+12 points), HBL (+5 points), UBL (+5 points), and KOHC (+4 points). Stocks that contributed negatively include HUBC (-33 points), MARI (-22 points), ENGRO (-20 points), OGDC (-16 points) and PMPK (-12 points).

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell by 65 points owing to week sentiments prevailed on Wednesday.

The index closed at 38,548 points as against 38,612 points showing a decline of 65 points.

Analysts at Arif Habib Limited said that the weak sentiment caused the index to remain range bound. After an initial increase of 54 points, the index fell down by 185 points which was witnessed by close of market.

Recovery from lowest level couldn’t help close the index in green. Mainly volume was observed in PTC (11 million), followed by BOP and WTL.

Sector wise, Technology sector topped the chart, followed by Banks and Cement. Poor quarterly sales numbers for North based cement manufacturers caused anxiety amongst investors, however, buying activity matched the selling pressure in Cement stocks. Banks, Autos, OMCs and Steel sectors contributed on the down side to the index.

Sectors contributing to the performance include Power (-50 points), O&GMCs (-39 points), Tobacco (-13 points), Fertilizer (+46 points), Banks (+36 points), E&P (+15 points).

Volumes increased from 70.8 million shares to 83.1 million shares (+17 percent DoD). Average traded value also increased by 9 percent to reach US$ 248 million as against US$ 22.7 million.

Stocks that contributed significantly to the volumes include PTC, BOP, WTL, PAEL and DCL, which formed 41 percent of total volumes.

Stocks that contributed positively include ENGRO (+37 points), MCB (+15 points), PPL (+14 points), UBL (+9 points), and DAWH (+7 points). Stocks that contributed negatively include HUBC (-47 points), SNGP (-19 points), PMPK (-13 points), PSO (-10 points) and SEARL (-6 points).

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Equity market falls by 240 points in dull trading

KARACHI: The equity market fell by 240 points on Tuesday as dull trading activities prevailed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,612 points as against 38,852 points showing a decline of 240 points.

Analysts at Arif Habib Limited said that KSE-100 index opened positive 61 points and carried the optimism from yesterday’s buying activity that saw market jumped 545 points.

Contrary to that market returned to the dull pace and non-interest that has been witnessed past whole week.

Trading volume was seen highest in PAEL that saw 15.4 million shares against a total market volume of 70.7 million shares.

Investors did not show interest in buying at prevailing prices, which eventually took the market down in the final hour by a wide margin.

Close to 30 million trading volume was seen in the final hour of trading.

Selling was seen across the board and large cap scrips saw the most declines including HBL, UBL, LUCK, GHNI and Auto sector stocks.

Sectors contributing to the performance include Banks (-63 points), Cement (-60 points), Power (-50 points), O&GMCs (-17 points), E&P (-12 points).

Volumes declined from 99 million shares to 70.8 million shares (-28 percent DoD). Average traded value also declined by 29 percent to reach US$ 22.7 million as against US$ 32.1 million.

Stocks that contributed significantly to the volumes include PAEL, BOP, TRG, MLCF and SNGP, which formed 42 percent of total volumes.

Stocks that contributed positively include BAFL (+14 points), PMPK (+12 points), POL (+10 points), ENGRO (+9 points), and HMB (+8 points). Stocks that contributed negatively include HUBC (-39 points), LUCK (-26 points), HBL (-26 points), UBL (-23 points) and BAHL (-12 points).

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Equity market climbs up by 545 points

KARACHI: The equity market gained 545 points on Monday following positive comments came from the finance minister at an even.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,852 points as against 38,307 points showing an increase of 545 points.

Analysts at Arif Habib Limited said that the market opened on a positive note with +49 points and initially leaped forward +200 points however, low volumes and lack of interest by investors in general caused the index to slide.

The market came down by 145 points, again with low volumes. Mid day, activity started picking pace with first signs of recovery in KEL, followed by Cement sector and then spreading to all and sundry.

Positive comments by participants in a Bloomberg conference and days of lethargic activity is believed to have caused an improvement in sentiment and increase in otherwise poor trading volumes.

Sectors leading the volumes table include Power (KEL), Banks (BOP) and Cement (MLCF). Large cap stocks such as UBL, HBL, ENGRO, OGDC increased significantly that had the index close +566 points (unadjusted).

Sectors contributing to performance include Banks (+230 points), Fertilizer (+93 points), Cement (+70 points), Power (+47 points), & O&GMCs (+38 points).

Volumes declined from 129.5mn shares to 99.4 million shares (-23 percent DoD). Average traded value also declined by 3 percent to reach US$ 32 million as against US$ 33.1 million.

Stocks that contributed significantly to the volumes include KEL, BOP, PAEL, PIBTL and TRG, which formed 39 percent of total volumes.

Stocks that contributed positively include HBL (+91 points), MCB (+69 points), FFC (+43 points), HUBC (+35 points), and LUCK (+34 points). Stocks that contributed negatively include COLG (-12 points), IGIHL (-7 points), JLICL (-7 points), SEARL (-7 points) and PMPK (-5 points).

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Weekly Review: market to stay range bound on delay in IMF program

KARACHI: The equity market likely to stay range bound next week due to delay in the IMF agreement, analysts said on Saturday.

Key near term events include visit of the Malaysian Premier on Pakistan Day (23rd Mar’19) as well as the State Bank of Pakistan’s Monetary Policy this month.

Analysts at Arif Habib Limited said that market climate appeared gloomy this week with investors cautiously navigating through murky waters.

As economic headwinds continue to subdue overall growth, market participants have hopes attached to a potential agreement with the IMF to bring the economy back to the right track and improve sentiment.

This week, the benchmark index lost 643 points (-1.7 percent WoW) to settle at 38,306 points.

Sector-wise negative contributions came from i) Commercial Banks (149 points), ii) Cement (120 points), iii) Oil and Gas Exploration Companies (109 points), iv) Oil and Gas Marketing Companies (76 points), and v) Power Generation & Distribution Companies (53 points).

Whereas, sectors that contributed positively include i) Tobacco (48 points), and ii) Textile Composite (7 points). Scrip-wise major laggards were LUCK (68 points), MCB (50 points), POL (49 points), HBL (48 points) and OGDC (39 points).

Foreign selling continued this week clocking-in at USD 15.6mn compared to a net sell of USD 3.5mn last week. Selling was witnessed in Exploration & Production (USD 13.4mn) and Cement (USD 1.5mn).

On the domestic front, major buying was reported by Insurance (USD 8.3mn) and Companies (USD 3.6mn). Volumes during the week settled at 93mn shares (down by 18 percent WoW) whereas value traded arrived at USD 27mn (down by 21 percent WoW).

Other major news: i) Overseas Pakistanis remit USD 14.35bn in 8MFY19, ii) Trade deficit narrows 11 percent to USD 21.5bn in Jul-Feb’19, iii) Foreign reserves increase to USD 14.965bn, iv) LSM growth falls by 2.3 percent in 7 months, v) Largest hosiery producer goes public, vi) and PSDP for FY2019-20 likely to stay unchanged at PKR 675bn.

KARACHI: The equity market ended down by 120 points in narrow trading activities on Thursday. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,808 points as against 38,929 points showing a decline of 120 points.

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