Tag: KSE-100

The equity market saw modest gains on Wednesday, with the benchmark KSE-100 index closing at 38,929 points, up from the previous day’s 38,896 points, marking an increase of 32 points.

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KARACHI: Trading at the equity market was remained lackluster as the taxation measures failed to attract investors.

The benchmark KSE-100 index closed at 38,896 points as against 38,924 points showing a decline of 28 points.

The government on the demand of stock market abolished the advance tax on sale and purchase of shares and also allowed loss carry forward for next three years.

Analysts at Arif Habib Limited said that the market repeated the pattern witnessed in the past couple of sessions, viz an increase in the beginning of session followed by selling till the end.

The index again traded in a narrow range and oscillated between +106 points and -276 points.

Traded volumes improved over the day but were still lethargic considering the hey-days.

The banks again led the volumes table (18.3 million), contributed by BOP (11.5 million), followed by Cement sector which took the cue from anticipated construction activity as indicated by the prime minister.

Large cap banks and E&P remained on the negative side throughout the session and were the main reasons for slide in index.

Sectors contributing to the performance include Banks (-92 points), Autos (-12 points), Cement (+28 points), E&P (+24 points), Pharma (+11 points).

Volumes increased from 68 million shares to 90 million shares (+32 percent DoD). Average traded value also increased by 19 percent to reach US$ 28.3 million as against US$ 23.8 million.

Stocks that contributed significantly to the volumes include BOP, WTL, DCL, KEL and FCCL, which formed 43 percent of total volumes.

Stocks that contributed positively include OGDC (+26 points), ABOT (+13 points), PMPK (+11 points), HMB (+9 points), and LUCK (+9 points). Stocks that contributed negatively include MEBL (-32 points), HBL (-27 points), MCB (-20 points), ENGRO (-11 points) and BAFL (-10 points).

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Equity market sheds 26 points in range bound trading

KARACHI: The equity market has lost 26 points on Monday in a range bound trading activities.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,924 points as against 38,950 points showing a decline of 26 points.

Analysts at Arif Habib Limited the market remained range bound throughout the day and oscillated between -74 points to +196 points.

The index went up earlier during the day but selling pressure brought the index down.

Majority of the volumes were observed in OGDC on the downside, both in regular market (2.6 million) and also on NDM (6.3 million).

Other than OGDC, PPL and POL also saw activity on the downside.

Banking sector topped the volumes chart, out of which BOP saw volume of 16 million.

Volumes remained anaemic and investors generally remained cautious as the market is coming off slowly again after it dropped significantly last week due to tensions on the border.

Sectors contributing to the performance include Banks (+46 points), Fertilizer (-21 points), E&P (-17 points), O&GMCs (-12 points), Insurance (-12 points), Autos (-7 points).

Volumes declined again from 74 million shares to 68 million shares (-9 percent DoD).

Average traded value also declined by 12 percent to reach US$ 23.8 million a as against US$ 27.1 million.

Stocks that contributed significantly to the volumes include BOP, KEL, DCL, UNITY and OGDC, which formed 43 percent of total volumes.

Stocks that contributed positively include MEBL (+21 points), UBL (+16 points), PMPK (+10 points), KTML (+9 points), and HCAR (+8 points). Stocks that contributed negatively include ENGRO (-15 points), OGDC (-12 points), PSMC (-8 points), JLICL (-7 points) and EFERT (-6 points).

KARACHI: The equity market to stay range bound during next week after end of results season and ease in tension between Pakistan and India.

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KARACHI: The stock market remained in red zone on Friday owing to selling pressure and lost another 344 points on the last trading day of the week.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) was ended by 344 points to 38950 points from previous day’s closing of 39294 points.

The analysts said that the recently approved finance bill by the parliament failed to uplift the sentiments of investors.

The stock market was witnessing a continuous decline over the past few days owing to economic conditions of the country and discouraging profitability of corporate sector.

KARACHI: The equity market ended down by 274 points on Thursday due to selling pressure.

The benchmark KSE-100 index closed at 39,294 points as against 39,568 points showing a decline of 274 points.

Analysts at Arif Habib Limited said that the market was remained under pressure today and after exclusion of trades in BOP, the market has been timid since Monday.

Banking sector again led the volumes table, and for the fourth consecutive day in this week, BOP topped with 8 million shares.

BOP’s price went low again and the activity intensified in the last closing hour.

Chemical sector, on the other hand, gained some ground after a while. LOTCHEM & DOL appear in the top 10 volumes table in addition to price increase.

E&P sector was also among the sectors that caused selling pressure and pushed the index down.

Rumors of foreigners selling block of OGDC’s shares added pressure to the already declining stock price.

Sectors contributing to the performance include E&P (-68 points), Banks (-50 points), Power (-40 points), O&GMCs (-31 points), Fertilizer (-31 points), Autos (+37 points).

Volumes increased slightly from 81 million shares to 83 million shares (+2 percent DoD). Average traded value decreased by 3 percent to reach US$ 27.6 million as against US$ 28.4 million.

Stocks that contributed significantly to the volumes include BOP, STPL, LOTCHEM, DOL and KEL, which formed 32 percent of total volumes.

Stocks that contributed positively include INDU (+18 points), MEBL (+14 points), PMPK (+10 points), PSMC (+7 points), and HCAR (+7 points). Stocks that contributed negatively include OGDC (-48 points), HUBC (-32 points), BAHL (-27 points), PPL (-23 points) and UBL (-20 points).

KARACHI: The equity market ended down by 120 points on Wednesday owing to continued selling pressure.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,568 points as against 39,689 points showing a decline of 120 points.

Analysts at Arif Habib Limited said that the market remained under pressure during the day despite starting with positive 30 points.

During the session, the index saw oscillation of 351 points (-194 points to +157 points) and the ended the session in red (unadjusted).

Following the trend in past couple of sessions, banking sector again topped the chart, mainly contributed by BOP with 18 million shares however, price declined slightly.

Besides banking sector, Cement followed suit and investors took interest in DGKC, FCCL, MLCF and LUCK among others.

E&P, O&GMCs and Steel saw selling pressure and little interest was seen in underlying scrips.

Sectors contributing to the performance include Banks (-29 points), O&GMCs (-26 points), Power (-25 points), E&P (-25 points), Tobacco (-10 points), Cement (+22 points).

Volumes declined significantly from 164 million shares to 81 million shares (-50 percent DoD). Average traded value also declined by 33 percent to reach US$ 28 million as against US$ 42 million.

Stocks that contributed significantly to the volumes include BOP, UNITY, KEL, FCCL and MLCF, which formed 44 percent of total volumes.

Stocks that contributed positively include BAHL (+19 points), PSEL (+18 points), LUCK (+9 points), EPCL (+8 points), and FCCL (+7 points).

Stocks that contributed negatively include OGDC (-24 points), HBL (-21 points), HUBC (-19 points), MCB (-14 points) and PSO (-12 points).

KARACHI: The equity market ended down by 61 points on Tuesday due to selling pressure during the day.

The benchmark KSE-100 index closed at 39,688 points as against 39,750 points showing a decline of 61 points.

Analysts at Arif Habib Limited said that market opened on a positive note with +25 points and 4 million shares at the opening bell, all of which traded in BOP.

Investors reposed confidence on BOP consecutively and throughout session stock price maintained trades above opening price.

Banking sector topped the traded volume with 76 million shares, out of which around 67 million is attributed to BOP.

Besides, Textile sector also came in the lime light today, where NCL remained prominent with ~7 million shares.

Market came under selling pressure near mid day which was mainly caused by concerns over anticipation of escalation of situation between Pakistan and India.

Sectors contributing to the performance include Banks (-51 points), E&P (-42 points), Cement (-25 points), Insurance (-14 points), Misc (+22 points) and Fertilizer (+15 points).

Volumes declined slightly from 168mn shares to 164 million shares (-2 percent DoD). Average traded value however remained the same at US$ 42 million.

Stocks that contributed significantly to the volumes include BOP, KEL, NCL, PIBTL and TRG, which formed 55 percent of total volumes.

Stocks that contributed positively include PSEL (+20 points), DAWH (+19 points), THALL (+11 points), KEL (+8 points), and GLAXO (+8 points). Stocks that contributed negatively include HBL (-24 points), PPL (-21 points), OGDC (-17 points), PSO (-11 points) and LUCK (-11 points).

KARACHI: The equity market ended with gain of 211 points as tension eases between Pakistan and India.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,750 points as against 39,539 points showing an increase of 211 points.

Analysts at Arif Habib Limited said that the market seems to have taken the path to complete recovery.

The concerns of India-Pakistan confrontation are apparently put to rest by the investors, and participation in stock market is also picking pace.

Today’s highlight was BOP’s financial result announcement that declared dividend in addition to high EPS, in comparison with corresponding figures.

Total traded volume in BOP was 90.8 million (54 percent of total market volume), while the scrip hit upper circuit.

Overall, the banking sector garnered 102 million shares, followed by Technology and Engineering (Steel) Sectors.

Post BOP’s result announcement, investors took positive bets in other scrips, such as SSGC, SNGP, NETSOL etc.

Sectors contributing to the performance include Banks (+118 points), Fertilizer (+58 points), O&GMCs (+44 points), Power (+26 points), Insurance (+19 points), E&P (-25 points).

Volumes increased from 137 million shares to 168 million shares (+23 percent DoD). However, average traded value declined by 21 percent to reach US$ 42 million as against US$ 53 million.

Stocks that contributed significantly to the volumes include BOP, TRG, PAEL, PIBTL and ISL, which formed 62 percent of total volumes.

Stocks that contributed positively include HBL (+54 points), UBL (+28 points), BOP (+24 points), PSO (+21 points), and EFERT (+18 points). Stocks that contributed negatively include PPL (-26 points), MCB (-18 points), SEARL (-14 points), HMB (-7 points) and MARI (-7 points).

KARACHI: After witnessing decline the equity market likely to bounce back during next week after ease in stand off between Pakistan and India.

Analysts at Arif Habib Limited hoped that the market to bounce back next week with tension between India and Pakistan to face a significant suppression following the release of the IAF pilot today.

Enticing valuations of various stocks open up lucrative buying opportunities.

The benchmark KSE-100 index remained in the red this week primarily owing to immense tension between Pakistan and India following the Pulwama attacks.

The intensity of the situation resulted in cross border intrusions by both countries’ respective air forces, and Pakistan arresting one IAF pilot after striking down a fighter jet.

Following intervention of international powers, especially of President Trump, the investor sentiment improved and the market responded positively to the defusing tension towards the end of the week.

The KSE-100 index declined 477 points this week, to close at 39,539 points.

Sector-wise negative contributions came from i) Cements (125 points), ii) Oil & Gas Exploration Companies (70 points), iii) Oil & Gas Marketing Companies (58 points), iv) Commercial Banks (58 points), and v) Power Generation (47 points).

On the flip side, sectors that contributed positively include i) Tobacco (92 points) and ii) Miscellaneous (7 points). Scrip-wise major losers were LUCK (61 points), MCB (54 points), PPL (46 points), NESTLE (33 points) and UBL (30 points).

Foreign selling was witnessed this week clocking-in at USD 1.3 million compared to a net buy of USD 3.5 million last week.

Selling was witnessed in Commercial Banks (USD 1.9 million) and Exploration & Production (USD 0.4 million).

On the domestic front, major buying was reported by Insurance Companies (USD 15.6 million) and Companies (USD 4.7 million).

Volumes during the week settled at 160 million shares (up by 52 percent WoW) whereas value traded arrived at USD 51 million (up by 33 percent WoW).

Other major news: i) Up to 10 percent hike in petroleum prices proposed, ii) RLNG-based power project: Signing of PPA, RA with SNGPL allowed, iii) Singapore offers help in building 5 million low-cost houses, iv) SBP allows Islamic banks to offer refinance.

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