Tag: KSE-100

KARACHI: The stock market eroded by 672 points on Thursday following significant selling pressure during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,310 points as against 32,982 points, showing a decline of 672 points.

Analysts at Arif Habib Limited said that the market stayed positive for a brief while earlier today and went +32 points, but after that selling pressure ensued causing a slide of 758 points and ending the session at -672 points.

The index breached recent intra-day low of 32,350 points today and closed at a low of 32,310 points.

Selling was observed across the board, and initially started with significant volumes in HBL. Banking sector led the volumes table with 15.7 million shares followed by Technology (11 million) and Cement (10 million).

Scrip wise activity showed TRG ranking top with 8.5 million shares, followed by KEL (7.3 million) and HBL (4.6 million).

Major declines were observed in OMCs, which saw significant declines in price, trading at and / or close to lower circuits.

Sectors contributing to the performance include Banks (-115 points), E&P (-101 points), Fertilizer (-100 points), O&GMCs (-58 points), Cement (-46 points).

Volumes declined further from 112 million shares to 86 million shares (-22 percent DoD). Average traded value however, increased by 0.9 percent DoD to reach US 23.4 million as against US$ 23.2 million.

Stocks that contributed significantly to the volumes include TRG, KEL, HBL, LOTCHEM and MLCF, which formed 33 percent of total volumes.

Stocks that contributed positively include MARI (+1 points), POL (+0 points), SHFA (+0 points), HGFA (+0 points) and ATLH (+0 points). Stocks that contributed negatively include ENGRO (-71 points), PPL (-64 points), HBL (-52 points), OGDC (-38 points) and HUBC (-24 points).

KARACHI: The stock market ended with gain of nominal 10 points on Wednesday despite positive trading of over 400 points earlier in the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,982 points as against 32,972 points showing an increase of 10 points.

Analysts at Arif Habib Limited said that the market opened on a positive note today and within no time touched day’s high of +409 points, post SBP rate hike yesterday of 100bps, inline with street consensus.

E&P, O&GMCs, Cement, Chemical, Fertilizer and Banking Sector scrips performed well earlier today, however, save for O&GMCs and Chemical, all went bust by session’s end.

LOTCHEM, SSGC, SNGP, EPCL traded near upper circuits. Cement sector led the volumes table with around 30 million shares (contributed by MLCF (16.5 million), DGKC (4.8 million) and FCCL (3.5 million)), followed by Chemical with 15M shares (contributed by LOTCHEM (8.2 million)).

Sectors contributing to performance include Banks (+30 points), Power (+17 points), Food (+15 points), Chemical (+14 points), Autos (-23 points), E&P (-20 points) and Textile (-10 points).

Volumes declined from 138.7 million shares to 111.5 million shares (-20 percent DoD). Average traded value also declined by 18 percent to reach US$ 23.2 million as against US$ 28.3 million.

Stocks that contributed significantly to the volumes include MLCF, TRG, LOTCHEM, DGKC and UNITY, which formed 40 percent of total volumes.

Stocks that contributed positively include HUBC (+21 points), HBL (+19 points), DAWH (+16 points), NESTLE (+15 points) and EPCL (+8 points). Stocks that contributed negatively include OGDC (-14 points), INDU (-14 points), FFC (-14 points), PPL (-10 points) and NML (-9 points).

KARACHI: The stock market gained a nominal 14 points on Tuesday amid high volume trading, analysts said.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,972 points as against 32,958 points showing an increase of 14 points.

Analysts at Arif Habib Limited said that the market volumes finally breached the anemic 40 million level and totaled 138.7 million shares.

Cement and E&P sector played a major role in setting the pace of market today, which oscillated between +135 points and -354 points.

E&P scrips POL and PPL traded near lower circuits, whereas OGDC also saw significant selling pressure.

Similarly, O&GMCs saw key scrips under pressure, such as PSO and SNGP.

MLCF and DGKC also traded near lower circuits, however, recovered later in the day’s trading. Cement sector led the volumes table with 27 million shares, followed by Power (22 million) and Technology (15 million).

Scrip wise activity shows KEL as volume leader with 20M shares, followed by MLCF (14 million) and TRG (13 million).

Sectors contributing to the performance include banks (46 points), Cement (26 points), Fertilizer (18 points), Power Generation (4 points), and Transport (3 points).

Volumes increased by from 138.7 million shares to 69.1 million shares.

Average traded value increased by merely 92 percent to reach US$ 28.3 million as against US$ 14.8 million.

Stocks that contributed significantly to the volumes include KEL, MLCF, TRG, BOP and LOTCHEM, which formed 43 percent of total volumes.

Stocks that contributed positively include UBL (+24 points), LUCK (+24 points), HBL (+23 points), ENGRO (+17 points) and MCB (+15 points). Stocks that contributed negatively include POL (-29 points), PPL (-21 points), BAHL(-11 points), NML (-10 points) and ABOT (-9 points).

KARACHI: The stock market plunged by 714 points on Monday owing to uncertainty on monetary policy that is scheduled to be announced tomorrow.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,958 points as against 33,672 points showing a decline of 714 points.

Analysts at Arif Habib Limited said that the market witnessed a significant decline of around 750 points during the session that is caused by uncertainty on monetary policy.

As per revised schedule, SBP is set to announce monetary policy tomorrow, where consensus estimate is for a hike of 100 basis points.

An interest rate hike in line with expectation will increase the policy rate to 13.25 percent.

Slowdown in economy amid recent protest of traders has caused negative sentiment amongst investors.

Major volumes were observed in Cement Sector to the tune of 11.5 million shares, followed by Banks (7.5 million) and Technology (7.2 million) Sectors. MLCF topped the chart with 5.5 million, followed by TRG (5.3 million) and KEL (3.2 million).

Sectors contributing to the performance include Fertilizer (-135 points), E&P (-115 points), Banks (-83 points), Power (-72 points), O&GMCs (-67 points).

Volumes increased by from 55.5 million shares to 69 million shares (+24 percent DoD). Average traded value increased by merely 3 percent to reach US$ 14.7 million as against US$ 14.3 million.

Stocks that contributed significantly to the volumes include MLCF, TRG, KEL, BOP and UNITY, which formed 31 percent of total volumes.

Stocks that contributed positively include FABL (+5 points), ATLH (+4 points), HBL (+1 points), FHAM (+0 points) and AKBL (+0 points). Stocks that contributed negatively include PPL (-56 points), HUBC (-49 points), ENGRO (-47 points), FFC (-45 points) and OGDC (-30 points).

KARACHI: The stock market to remain range bound next week. Investors are expected to have a cautious stance keeping in view monetary policy announcement on July 16, 2019, analysts at Arif Habib Limited said.

The analysts said that the State Bank of Pakistan (SBP) may increase a 100 basis points in view of aggravating inflationary pressure.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) was commenced on a negative note during the current week.

The lackluster attitude prevailed amid bleak near-term macro-economic outlook following release of IMF staff report. Additionally, apprehensions with regards to issue of Sukuk bonds for circular debt resolution kept the momentum suppressed.

With SBP announcing the date for monetary policy on the last day of the week, the investor sentiment further deteriorated. The local bourse closed at 33,672, shedding off 518 points.

Sector-wise negative contributions came from i) Commercial Banks (81 points), ii) Power Generation & Distribution (77 points), iii) Oil & Gas Marketing Companies (53 points), iv) Automobile Assembler (53 points), and v) Cement (50 points).

Scrip-wise negative contributions came from HUBC (53 points), PSO (37 points), BAHL (29 points), DGKC (24 points) and INDU (21 points). On the other hand, positive scrip-wise contributions came from FFC (34 points), DAWH (16 points), and EFERT (5 points).

Foreign buying was witnessed this week clocking-in at USD 5.91 million compared to a net buy of USD 5.92 million last week. Buying was witnessed in Cement (USD 3.0 million) and Power Generation& Distribution (USD 2.3 million). On the domestic front, major selling was reported by Companies (USD 7.6 million) and Mutual Funds (USD 5.3 million).

Average Volumes settled at 51 million shares (down by 41 percent WoW) while value traded clocked-in at USD 13 million (down by 36 percent WoW).

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 35 points on Thursday to close at 33,875 points as against previous day’s 33,840 points.

Analysts at Arif Habib Limited said that KSE-100 index has been on a losing streak with continuous slide in both volume and index level.

Yesterday, the volumes reached an 8-yr low of 40 million, and today marked yet another low of 39.5 million shares. Cement sector led the volumes table with 5.4 million, followed by Engineering (5.1 million) and Chemical (3.7 million).

Scrip wise activity shows DSL ranking top again with 4.4 million, followed by MLCF (2.7 million) and HUBC (2.2 million).

Recent ouster of HUBC from Islamic indices is followed by an increase in trading volumes of HUBC. Market on close showed improvement in points table that resulted in index closing with +35 points.

Sectors contributing to the performance include Banks (+42 points), Fertilizer (+15 points), O&GMC (+10 points), E&P (+9 points), Sugar (+2ts).

Volumes decreased by 3 percent DoD to reach 39.5 million as against 40.6 million. Average traded value also decreased by 12.2 percent to reach US$ 9.1 million as against US$ 10.3 million.

Stocks that contributed significantly to the volumes include DSL, MLCF, HUBC, LOTCHEM and TPL, which formed 34 percent of total volumes.

Stocks that contributed positively include HBL (+33 points), ENGRO (+16 points), UBL (+14 points), POL (+9 points) and MCB (+8 points).

Stocks that contributed negatively include MARI (-7 points), NATF (-5 points), MEBL (-5 points), INDU (-4 points) and HMB (-4 points).

KARACHI: The stock market ended range bound on Wednesday as investors were in a fix over lack of triggers.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended down at 33,840 points as against 33,856 points showing a decrease of 16 points.

Analysts Arif Habib Limited said the market remained range bound today amidst low volumes.
The fourth consecutive session ended in below 60 million volumes and one of the lowest in recent days.

Absence of any significant trigger kept the investors in a fix whether to invest at these levels. Cement sector led the volumes table with 7.7 million shares, followed by Engineering (4.9 million) and Banks (4.5 million).

Major volumes were observed in DSL with 3.4 millino shares, followed by Quice (2.5 million) and MLCF (2.5 million).

PM’s visit to Karachi failed to motivate investors to take a view on market.

Sectors contributing to the performance include Power Generation (-15 points), E&P (-12 points), Automobile Assembler (-9 points), Fertilizer (-5 points), Pharmaceuticals (-3points).

Volumes decreased by 33 percent DoD to reach 40.30 million as against 60.16 million. Average traded value also decreased by 33 percent to reach US$ 10.3 million as against US$ 15.4 million.

Stocks that contributed significantly to the volumes include DSL, QUICE, MLCF, SNGP and CHCC, which formed 29 percent of total volumes.

Stocks that contributed positively include SNGP (+12 points), HBL (+12 points), ENGRO (+11 points), LUCK (+7 points) and CHCC (+3pt). Stocks that contributed negatively include HUBC (-19 points), EFERT (-11 points), PPL (-7 points), OGDC (-5 points) and SHFA (-4 points).

KARACHI: The stock market gained 113 points on Tuesday amid low volume and selling pressure.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,856 points as against 33,743 points showing an increase of 113 points.

Analysts at Arif Habib Limited said that the market went up today by 308 points but unable sustain the selling pressure and went down to 86 points.

Last half hour of trading brought the market back in positive territory. Overall volumes remained low at 60 million shares for the third consecutive session.

Cement sector led the volumes table with 12 million shares, followed by Chemical with 10 million shares.

LOTCHEM, on the back of all time high product margins, remained in demand and made highest volume with 6.2 million shares, followed by MLCF (5.6 million).

Index drivers such as ENGRO, HUBC and LUCK saw selling pressure near market close that kept the upside in index in check.

Sectors contributing to the performance include E&P (+66 points), Fertilizer (+11 points), Pharma (+8 points), O&GMCs (+8 points), Cement (+5 points).

Volumes increased merely by 1 percent DoD to reach 60.15 million as against 59.6 million. Average traded value also increased by 3 percent to reach US$ 15.4 million as against US$ 15 million.

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

Stocks that contributed positively include PPL (+33 points), OGDC (+22 points), DAWH (+20 points), POL (+12 points) and LUCK (+8pt). Stocks that contributed negatively include UBL (-19 points), ENGRO (-10 points), INDU (-8 points), DGKC (-5 points) and SHFA (-3 points).

KARACHI: The share market plunged by 447 points on Monday owing to massive selling in energy scrips.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,742 points as against 34,190 points showing a decline of 447 points.

Analysts at Arif Habib Limited said that the market shed points heavily again, after a brief respite of +40 points earlier during the session.

Concerns over release of Rs. 200 billion Sukuk for O&GMCs, and Power sector saw major bearing on these very sectors and aggressive selling was observed in both SNGP, PSO and HUBC.

Traded volumes remained anemic today, ending the session just below 60 million mark at 59.5 million shares.

Power Sector posted highest traded volumes at 10 million shares (mainly contributed by KEL with 7.4 million shares), however, HUBC impact the index more with 2.5 million shares traded at the bourse. Cement sector ranked second with 9.3M shares, mainly contributed by MLCF (4.4 million).

Sectors contributing to the performance include Bans (-120 points), E&P (-77 points), O&GMCs (-556 points), Power (-37 points) and Cement (-30 points).

Volumes increased slightly from 51 million shares to 59 million shares (+16 percent DoD). Average traded value increased by 26 percent to reach US$ 15 million as against US$ 11.9 million.

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

Stocks that contributed positively include FFC (+2 points), SYS (+2 points), THALL (+2 points), APL (+2 points) and MARI (+1pt). Stocks that contributed negatively include HBL (-53 points), PPL (-38 points), OGDC (-26 points), PSO (-25 points) and SNGP (-21 points).

KARACHI: Pakistan Stock Exchange (PSX) likely to remain positive in upcoming week owing to IMF package approval and appreciation in Pak Rupee value.

Analyst at Arif Habib Limited said that the market to remain positive in the upcoming week in lieu of the IMF package approval and recent appreciation of PKR against green back which will lift investors sentiments.

However, they pointed out risks to the index including economic concerns on account of high Current Account Deficit, slowdown in large scale manufacturing and further monetary tightening expected in upcoming monetary policy on the back of tariff hike of utilities (Gas and Electricity) which could trigger inflation noticeably going forward.

This week trading commenced on a positive note as investors rejoiced the 3 day extension in Tax Amnesty Scheme as well as finance bill approval in the parliament.

Furthermore, first tranche of the USD 500 million received from Qatar along with loans arranged from syndicated Banks and World Bank aided foreign currency reserves.

Tally by the end of first three trading days unveiled a positive run 995 points at the index.

However, investors resorted to profit taking post official agreement of the IMF Board for a USD 6 billion package for Pakistan coupled with strike from cement dealers, automobile dealers and closure of textile units on budgetary measures.

As a result, the benchmark KSE-100 index closed at 34,190 points, up by 288 points or 0.9 percent WoW.

Contribution to the upside was led by i) Fertilizer (+180 points) amid news of GIDC settlement of up to 50 percent, ii) Commercial Banks (+122 points) given indication of further rate hikes (tight monetary policy) by the IMF, iii) Chemicals (+18 points), iv) Insurance (+14 points), and v) Automobile Assemblers (+13 points).Scrip wise major gainers were FFC (+113 points), HBL (+86 points), NBP (+36 points), ENGRO (+35 points), and EFERT (+31 points).

Foreign buying continued this week clocking-in at USD 5.9 million compared to a net buy of USD 7.9 million last week. Major buying was witnessed in Power Generation & Distribution (USD 3.7 million) and Commercial Banks (USD 1.7 million).

On the local front, selling was reported by Insurance Companies (USD 4.6 million) followed by Mutual Funds (USD 2.6 million). That said, average daily volumes for the outgoing week were down by 41 percent to 87 million shares likewise value traded decreased by 29 percent to USD 20 million.