Tag: KSE-100

KARACHI: The share market sharply fell by 653 points or 1.9 percent on Monday owing to heavy selling during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,472 points as against 35,125 points showing a decrease of 653 points.

Analysts at Arif Habib Limited said that the market opened on a positive note with +24 points, but hit a ceiling of +69 points followed by heavy selling throughout the session.

Cement sector caused the concern among investors due to requirement introduced in the budget for presenting CNIC to buy cement as well as the protest from cement dealers highlighting the risks of low sales by cement manufacturers.

Non-activation of State Enterprise Fund, also added to the misery of investors. Across the board selling was observed and positive news flow on Qatar’s potential investment in Pakistan to the tune of US$ 3 billion also failed to stem the flow of selling.

Sectors contributing to the performance include E&P (-127 points), Cement (-106 points), Fertilizer (-102 points), Banks (-91 points), OGMCs (-56 points).

Volumes declined from 129.3 million shares to 78.7 million shares (-39 percent DoD). Average traded value also declined by 31 percent DoD to reach US$ 18.4 million as against US$ 26.9 million.

Stocks that contributed significantly to the volumes include KEL, TRG, FCCL, MLCF and UNITY, which formed 29 percent of total volumes.

Stocks that contributed negatively include LUCK (-56 points), PPL (-40 points), POL (-34 points), OGDC (-34 points) and ENGRO (-33 points). Stocks that contributed positively include PMPK (+11 points), BAHL (+7 points), NESTLE (+7 points), PKGS (+3 points) and NATF (+3 points).

The stock market gained 129 points on Friday, buoyed by the anticipated release of a Rs200 billion Sukuk by the government. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 35,125 points, up from 34,996 points, reflecting a positive sentiment among investors.

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KARACHI: The stock market gained 340 points on Thursday on improved sentiments.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,996 points as against 34,656 points showing an increase of 340 points.

Analysts at Arif Habib Limited said that market moved up today after sustaining losses for the past three sessions. E&P sector took cue from rising crude prices and were further helped by Iran’s taking down of US drone.

Besides the positivity in E&P sector, Cement stocks also increased on the back of recent price hikes in cement price / bag. Total volumes hit around 163 million shares, however, most of it came from Summit Bank (19 million), WTL (17 million), JSCL (10 million) and PAEL (10 million).

Technology sector led the volumes table with 29 million shares, followed by Banks (24 million) and Cement (22 million).

Sectors contributing to the performance include Fertilizer (+69 points), Banks (+62 points), E&P (+44 points), Cement (+44 points) and Autos (+25 points).

Volumes increased significantly from 99.4 million shares to 163 million shares (+64 percent DoD). Average traded value also increased by 31 percent to reach US$ 28.8 million as against US$ 21.9 million.

Stocks that contributed significantly to the volumes include SMBL, WTL, JSCL, PAEL and MLCF, which formed 41 percent of total volumes.

Stocks that contributed positively include FFC (+21 points), EFERT (+21 points), ENGRO (+20 points), POL (+20 points) and HUBC (+19 points). Stocks that contributed negatively include NESTLE (-14 points), PAKT (-11 points), NCPL (-3 points), JLICL (-2 points) and KAPCO (-2 points).

KARACHI: The stock market ended flat on Wednesday amid uncertainty on approval of the federal budget 2019/2020.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 34,656 points from previous day’s closing of 34,682 points, losing 26 points.

Analysts at Topline Securities said that during the trading session index depicted a flattish trend closing in at 34,656 points in the absence of major news flow.

Uncertainty regarding budget approval continued to persist as the opposition leader in his speech today at National Assembly demanded major changes in the budget, declaring it as IMF influenced.

Expected hike in gas prices led gas distributing companies SSGC & SNGP to land in the positive territory; up in the range of 2.25-3.21 percent.

Out of total 333 active stocks, 189 stocks ended in red, while 123 stocks closed in the green whereas values of 21 scrips remained unchanged.

Trade volume witnessed attrition of 5 percent. Similarly, trade value declined by 15 percent. MLCF continue to remain the volume leader since the last five trading sessions.

KARACHI: The stock market ended down by 487 points on Tuesday owing to delay concerns over activation of state enterprise and market opportunity fund.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,682 points as against 35,169 points showing a decline of 487 points.

Analysts at Arif Habib Limited said that the market repeated yesterday’s episode of decline in index, which was primarily caused by concerns over delay in activation of State Enterprise & Market Opportunity Funds, MSCI and FTSE Reviews.

Activity was slow and investors maintained cautious stance.

Selling pressure was mainly observed in Banks and E&P Sector, which spread to Cement sector by the end of session.

Cement sector saw price gains on the back of another increase of Rs15-20 in price / bag, which couldn’t sustain selling pressure. MLCF, which topped the volumes chart, ended 5 percent down.

Overall, Cement sector led the volumes with 28M shares, followed by Technology stocks (mainly TRG).

Sectors contributing to the performance include Banks (-79 points), Fertilizer (-76 points), E&P (-65 points), Cement (-59 points), O&GMCs (-55 points).

Volumes declined further from 128mn shares to 104mn shares (-19 percent DoD). Average traded value also declined by 19 percent to reach US$ 257mn as against US$ 31.6mn.

Stocks that contributed significantly to the volumes include MLCF, TRG, PIBTL, KEL and EPCL, which formed 35 percent of total volumes.

Stocks that contributed positively include PAKT (+6 points), OGDC (+5 points), GATM (+3 points), AICL (+2 points) and AGP (+2 points). Stocks that contributed negatively include MCB (-31 points), PPL (-28 points), MARI (-26 points), NESTLE (-23 points) and FFC (-23 points).

Karachi: The Pakistan stock market recorded a significant gain of 465 points on Thursday, driven by robust buying activities and positive investor sentiment. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 35,403 points, up from the previous close of 34,660 points.

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KARACHI: The stock market on Monday nosedived by 938 points owing to scheduled budget announcement and arrest of Asif Ali Zardari, leader of Pakistan People’s Party.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,568 points as against 35,505 points showing a decline of 938 points.

Analysts at Arif Habib Limited said that besides the anticipation of poor macro-economic statistics in the soon-to-be-released Economic Survey, budget woes kept the market under heavy selling pressure.

Market opened negative 140 points and within minutes declined close to 500 points without any significant volume. Selling was observed across the board, which was further accentuated by Asif Zardari’s rejection of permanent bail by Islamabad High Court.

By the end of session, the index saw decline of 1037 points and closed -938 points. Power sector led the volumes table with around 20 million shares (mainly contributed by KEL ~18.5 million), and followed by Banking Sector with 14.6 million shares (BOP ~7 million) and Cement with 7.2 million shares.

Sectors contributing to the performance include Banks (-240 points), E&P (-159 points), Fertilizer (-119 points), Cement (-104 points) and O&GMCs (-70 points).

Volumes declined significantly from 125 million shares to 92 million shares (-26 percent DoD). Average traded value also declined by 26 percent to reach US$ 23.5 million as against US$ 31.6 million.

Stocks that contributed significantly to the volumes include KEL, BOP, UNITY, LOTCHEM and OGDC, which formed 40 percent of total volumes.

Stocks that contributed positively include KEL (+11 points), FABL (+1pt), THALL (+1pt), APL (+0 points) and SHEL (+0 points). Stocks that contributed negatively include ENGRO (-63 points), HBL (-61 points), PPL (-60 points), OGDC (-58 points) and LUCK (-54 points).

KARACHI: The present government is presenting its first budget just after the Eid holidays and investors likely to take a cautious stance, analysts said.

Analysts at Arif Habib Limited said that anticipation of Market Support Funds attracted positive sentiments alongside high volumes.

The four day week commenced on a negative note amid lack of clarity over the funds, but, later during the week bulls took over after two support funds were approved by ECC worth Rs20 billion. Moreover, Pak Rupee gained some strength against the greenback, which further kept the sentiment positive. The market closed at 35,974 points, gaining 270 points.

Positive sector-wise contributions came from i) Commercial Banks (174 pts), ii) Oil & Gas Marketing Companies (120 pts), iii) Automobile Assembler (53 pts), iv) Oil & Gas Exploration Companies (41 pts) and v) Tobacco (34 pts). Whereas, sectors that contributed negatively include i) Fertilizers (93 pts) and ii) Textile Composite (61 pts). Scrip-wise positive contributions came from UBL (67 pts), BAHL (60 pts), LUCK (58 pts) and PSO (44 pts). Whereas, negative scrip-wise contributions came from FFC (66 pts), HBL (65 pts), and NML (44 pts).

Foreign selling was witnessed this week clocking-in at USD 2.95mn compared to a net buy of USD 0.02mn last week. Selling was witnessed in Exploration & Production (USD 5.9mn) and Fertilizer (USD 0.7mn). On the domestic front, major buying was reported by Banks / DFIs (USD 5.2mn) and Broker Proprietary Trading (USD 3.4mn). Average Volumes settled at 165mn shares (down by 8% WoW) while value traded clocked in at USD 48mn (up by 22% WoW).