Tag: KSE-100

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.

KARACHI: The stock market ended down by 381 points on Friday owing to selling pressure on the last trading of the week.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,190 points as against 34,571 points showing a decline of 381 points.

Analysts at Arif Habib Limited said that the market was opened on a negative note with -45 points and continued the down trend, which ended -381 points and merely around 20 million shares by the end of first session.

Second session contributed an additional 30M shares to end the total volume traded with 51M shares. Fertilizer, O&GMCs, Cement, Banks and E&P sector came down during the trading session. Chemical Sector led the volumes with 9.3M shares, followed by Cement 7.4 million shares.
Among scrips, LOTCHEM registered highest volume with 6.9 million shares, followed by DCR 6 million shares.

Sectors contributing to the performance include Banks (-90 points), Fertilizer (-67 points), E&P (-63 points), Cement (-37 points) and Power (-36 points).

Volumes declined to 51 million shares from 112 million shares (-54 percent DoD). Average traded value also declined by 58 percent to reach US$ 11.8 million as against US$ 28 million.

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

Stocks that contributed positively include INDU (+9 points), NESTLE (+5 points), MEBL (+5 points), NATF (+4 points) and LOTCHEM (+3 points). Stocks that contributed negatively include HBL (-32 points), POL (-29 points), MCB (-28 points), ENGRO (-22 points) and FFC (-20 points)

KARACHI: The share market ended down on Thursday despite positive outcome of loan approval by IMF for Pakistan.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,570 points as against 34,897 points showing a decline of 326 points.

Analysts at Arif Habib Limited said that ‘buy the rumor, sell the news’ proved true again today, when yesterday’s signing off of IMF loan Package to Pakistan led the index with positive 400 points earlier today, but soon the selling pressure kicked in and caused the index to plunge by -430 points by the end of session, closing the index with -326 points.

Cement, Steel, Fertilizer contributed to declines, whereas key scrips in banking and Power sector remained positive.

Similar to yesterday’s trading activity, Cement and Chemical Sectors led the volumes table with Cement ranking first (22 million) followed by Chemical (14 million). Among scrips, KEL topped the chart with 9M shares, followed by TRG (8 million).

Sectors contributing to the performance include Cement (-73 points), E&P (-63 points), O&GMCs (-50 points), Fertilizer (-32 points) and Pharma (-30 points).

Volumes declined from 130 million shares to 112 million shares (-14 percent DoD). Average traded value also declined by 9 percent to reach US$ 27.8 million as against US$ 30.5 million.

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

Stocks that contributed positively include HUBC (+22 points), HBL (+9 points), ENGRO (+5 points), IGIHL (+4 points) and INDU (+4 points). Stocks that contributed negatively include OGDC (-33 points), LUCK (-33 points), PPL (-24 points), PSO (-20 points) and SNGP (-19 points).

KARACHI: The stock market gained 311 points on Tuesday amid improvement in rupee value and signing of IMF loan program on July 03.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,307 points as against 33,996 points showing an increase of +311 points.

Analysts at Arif Habib Limited said that despite the bearish outlook at the start of the day, courtesy high Rupee:USD parity, pending sign-off of IMF Loan package on July 3rd and increase in gas and electricity tariffs besides the protest of textile and cement processors / dealers.

Two of the major macro economic indicators that positively impacted the market were decline in rupee:dollar parity as well as a lower reading of Inflation against street consensus.

Overall, Cement, Refinery, E&P and steel sector performed well today. Power sector led the volumes table with 15 million shares, followed by Chemical (14 million). KEL topped the volumes with 13.5 million shares, followed by TRG (8 million) and LOTCHEM (7 million).

Sectors contributing to the performance include Fertilizer (+84 points), Banks (+71 points), Cement (+40 points), E&P (+31 points) and Pharma (+23 points).

Volumes increased from 48 million shares to 91.1 million shares (+90 percent DoD. Average traded value also increased by 74 percent to reach US$ 19.3 million as against US$ 11 million.

Stocks that contributed significantly to the volumes include KEL, TRG, LOTCHEM, UNITY and MLCF, which formed 44 percent of total volumes.
Stocks that contributed positively include FFC (+40 points), HBL (+34 points), NBP (+17 points), LUCK (+17 points) and MCB (+17 points).

Stocks that contributed negatively include NESTLE (-24 points), MEBL (-6 points), PSMC (-3 points), THALL (-3 points) and SML (-2 points).

KARACHI: Market may rebound next week after witnessed steep fall owing to optimism over approval of IMF bailout backage, analysts said.

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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).