Tag: KSE-100

KARACHI: Investors of Pakistan stocks may react to the surprise hike in policy rate during next week as the central bank made announcement of sharp increase after the closing of last trading day of the outgoing week.

The State Bank of Pakistan (SBP) in its policy announcement on November 25, 2022 shocked all the stakeholders while raising a massive increase in benchmark policy rate by 100 basis points to 16 per cent.

READ MORE: Stocks trade in narrow range on last day of week

Analysts at Arif Habib Limited said market is expected to remain range bound in the upcoming week on the back of surprise hike in the policy rate to 16 per cent (+100bps) by the SBP.

Moreover, dollar inflow from AIIB and the repayment of the SUKUK (fully funded as per SBP) next week are expected to support market momentum and increase investor confidence.

In addition, the PM’s visit to Turkey to enhance bilateral cooperation might bring some positive momentum in the market.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 4.2x (2023) compared to Asia Pac regional average of 12.9x while offering a dividend yield of ~10.2 per cent versus 2.8 per cent offered by the region.

READ MORE: Pakistan stocks end flat amid political uncertainty

The market commenced on a positive note this week, However, uncertainty prevailed throughout the week due to political concerns. In addition, during the week Pak Rupee depreciated against the greenback, dropping by PKR 0.28 | 0.13 per cent WoW settling at PKR 223.94.

In addition, the current Account Deficit declined by 68 per cent YoY, primarily due to a decline in imports which went down by 23 per cent YoY. The market closed at 42,937, gaining 206 points (up by 0.48 per cent) WoW.

READ MORE: Political uncertainty keeps Pakistan stocks range-bound

Sector-wise positive contributions came from i) Technology & Communications (202 points), ii) Fertilizer (114 points), iii) E&P (26 points), iv) Banks (26 points) and v) Miscellaneous (17 points). Whereas sectors that contributed negatively were i) Power (31 points), ii) Cement (20 points), and iii) Glass (14 points).

Scrip-wise positive contributors were SYS (147 points), ENGRO (92 points), TRG (53 points), DAWH (36 points), and INDU (27 points). Meanwhile, scrip-wise the negative contribution came from HUBC (120 points), MTL (28 points), FATIMA (14 points), LUCK (11 points), and GHGL (11 points).

READ MORE: Stocks end up on addition of Pakistani companies in global indices

Foreigners buying was witnessed during this week, clocking in at $1.11 million compared to a net buying of $2.06 million last week. Major buying was witnessed in Technology & Communications ($0.78 million), All other sectors ($0.74 million), and E&P ($0.24 million).

On the local front, selling was reported by Mutual Funds ($2.82 million) followed by Insurance ($1.42 million). Average volumes clocked in at 160 million shares (down by 14 per cent WoW) while the average value traded settled at $25 million (down by 10 per cent WoW).

KARACHI: Pakistan stocks traded in narrow range on the last day of week on Friday anticipating monetary policy announcement.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,937 points from previous day’s closing of 42,904 points, showing an increase of 33 points.

The week concluded with another range-bound trading session at the PSX during the day, analysts at Arif Habib Limited said.

READ MORE: Pakistan stocks end flat amid political uncertainty

The session began in the positive zone after the name of the new COAS was announced, providing much-needed clarity on the political ground, they added.

However, after the second session resumed, the index traded in a narrow range, drying up volumes as investors chose to remain on the sidelines in anticipation of today’s Monetary Policy announcement.

READ MORE: Political uncertainty keeps Pakistan stocks range-bound

Sectors contributing to the performance include Fertilizer (+34.3 points), Miscellaneous (+26.4 points), Commercial Banks (+21.9 points), E&P’s (+20.2 points), Food & Personal Care Products (+6.9 points).

READ MORE: Stocks end up on addition of Pakistani companies in global indices

Volumes increased from 153.1 million shares to 177.3 million shares (+15.8 per cent DoD). The average traded value also increased by 3.3 per cent to USD 27.0 million as against USD 26.1 million.

Stocks that contributed significantly to the volumes are HUMNL, DFML, WTL, HASCOL, and CNERGY.

READ MORE: Stocks end flat amid lackluster trading activity

KARACHI: Pakistan stock ended flat on Thursday owing to ongoing political uncertainty and appointment of Chief of the Army Staff (COAS).

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 42,903 points from previous day’s closing of 42,880 points, showing an increase of 23 points.

READ MORE: Political uncertainty keeps Pakistan stocks range-bound

Analysts at Arif Habib Limited said that another range-bound session was witnessed at the PSX during the day.

The market opened in the green zone but due to the ongoing political uncertainty, investors chose to book profits at higher levels.

READ MORE: Stocks end up on addition of Pakistani companies in global indices

Given President’s final approval for the COAS appointment remained pending, investor confidence remained lackluster.

This resulted in lower market participation. Volumes on the mainboard remained sluggish, with third-tier stocks continuing to lead in terms of volume.

READ MORE: Stocks end flat amid lackluster trading activity

Sectors contributing to the performance include Fertilizer (+19.6 points), Tobacco (+17.3 points), Cement (+14.7 points), Inv. Banks / Inv. Cos. / Securities Cos. (+11.8 points), Power Generation & Distribution (+9.8 points).

Volumes increased from 138.6 million shares to 153.1 million shares (+10.5 per cent DoD). The average traded value also increased by 14.0 per cent to USD 26.18 million as against USD 23.0 million.

Stocks that contributed significantly to the volumes are WTL, TRG, HASCOL, JSBL, and DFML.

READ MORE: Weekly Review: political situation to keep investors vigilant

KARACHI: Pakistan stocks ended range-bound on Wednesday owing to uncertainty on the domestic political front.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 42,880 points from last day’s closing of 42,928 points, showing a decline of 48 points.

READ MORE: Stocks end up on addition of Pakistani companies in global indices

Analysts at Ismail Iqbal Securities said that Pakistan equities remained range-bound during the day owing to uncertainty on the domestic political front.

Trading volume decreased to 139 million shares as compared to 195 million shares a day earlier. The benchmark KSE-100 index lost 48 points to close 42,880 points. However, power generation and distribution, commercial banks, and cement sectors were the major laggards during the day, cumulatively shedding 97 points from the index.

READ MORE: Stocks end flat amid lackluster trading activity

Meanwhile, analysts at Topline Securities said that Pakistan equities closed slight negative where benchmark KSE100 Index settled at 42,880 level (down 0.11 per cent).

Continuing its yesterday positive momentum market kicked off on a positive note making an intraday high of 111 points.

READ MORE: Weekly Review: political situation to keep investors vigilant

However profit taking has been witnessed soon after HUBC notification, where the company notified the exchanged that HUBC as a Joint Venture and sponsor of CPHGC provided security in the form of Standby Letter of Credit (SBLC) – which is a form of guarantee – of $150 million in favor of CPHGC to satisfy any funding shortfall.

READ MORE: Stocks remain negative in ongoing political chaos

This SBLC was to expire on November 23, 2022. If the SBLC is not renewed 15 days prior to the expiry which is the case now, CPHGC’s lender shall have the right to call upon the SBLC. Which led the HUBC to close 3.63 per cent down.

Traded volume and value for the day stood at 138.2 million shares (down 29 per cent) and Rs5.09 billion (down 25 per cent) on DoD basis respectively. WTL was today`s volume leader with 16.46 million shares.

KARACHI: Stock market ended up by 167 points on Tuesday after addition of four new Pakistani companies in MSCI’s frontier market.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,928 points from previous day’s closing of 42,761 points, showing an increase of 167 points.

READ MORE: Stocks end flat amid lackluster trading activity

Analysts at Topline Securities said that Pakistan equities had a positive day. The benchmark KSE-100 index initially opened in a green zone, made an intraday high at 43,076 (+315 points; up 0.74 per cent) before eventually settled at 42,928 for the day.

READ MORE: Weekly Review: political situation to keep investors vigilant

The MSCI Semi Annual Review for it Frontier Market FM100 Index where the global benchmark indices provider added 4 companies (POL, TRG, SYS, LUCK) has resulted in the aforesaid buying momentum which kept Blue-Chip Stocks in the lime light through the day.

READ MORE: Stocks remain negative in ongoing political chaos

During the day, Tech, Fertilizer & Auto sector stocks contributed positively to the index where SYS, ENGRO, INDU, DAWH & PAEL added 152 points, cumulatively.

On the flip side, TRG, PPL and OGDC have witnessed some profit taking as they lost 30 points collectively, today.

READ MORE: Stocks shed 164 points on IMF review delay

Around 194 million shares traded today at the bourse while total value clocked in at Rs6.8 billion. WTL led the volumes chart today with trading of 18.5 million shares in it, today.

KARACHI: Pakistan stocks ended down by 31 points on Monday amid lackluster trading activity during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,761 points from last Friday’s closing of 42,730 points, showing an increase of 31 points.

READ MORE: Weekly Review: political situation to keep investors vigilant

Analysts at Arif Habib Limited said that a range bound session was witnessed at the PSX during the day.

The KSE-100 index opened in a positive note but lack of investors’ confidence dragged the index to trade in a narrow range.

READ MORE: Stocks remain negative in ongoing political chaos

Main board volumes remain dry although decent volumes was observed in the third tier stocks.

Sectors contributing to the performance include Technology & Communication (+97.0 points), Commercial Banks (+17.0 points), Miscellaneous (+9.7 points), Transport (+6.4 points), Oil & Gas Marketing Companies (+6.0 points).

READ MORE: Stocks shed 164 points on IMF review delay

Volumes decreased from 189.3 million shares to 132.9 million shares (-29.8 per cent DoD). The average traded value also decreased by 9.7 per cent to USD 20.5 million as against USD 22.6 million.

Stocks that contributed significantly to the volumes are. WTL TRG UNITY GCIL & GGL.

READ MORE: Pakistan equities gain 187 points in mixed trading session

KARACHI: Investors of Pakistan stocks may remain vigilant during the next week owing to prevailing political situation. Analysts at Arif Habib Limited said that the market to remain range bound in the upcoming week as the participants will remain vigilant owing to the political situation in the country.

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KARACHI: Pakistan stocks remained traded in negative zone on Friday owing to ongoing political chaos.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 42,730 points from previous day’s closing of 42,819 points, showing a decline of 89 points.

READ MORE: Stocks shed 164 points on IMF review delay

Analysts at Arif Habib Limited said that the negative session was witnessed at the PSX during the day.

The market opened in the negative zone and continued to trade in the same range as a lackluster opening session concluded.

READ MORE: Pakistan equities gain 187 points in mixed trading session

Investors’ participation in the market remained low due to the ongoing political chaos. The second session began with the same momentum and remained negative until the closing bell.

The mainboard’s volumes remained decent, as third-tier companies continued to dominate the volume board.

READ MORE: Pakistan stocks end down amid profit taking

Sectors contributing to the performance include Commercial Banks (-27.4 points), Technology & Communication (-24.3 points), E&P’s (-22.4 points), Textile Composite (-12.0 points), Vanaspati & Allied Industries (-8.2 points).

READ MORE: Pakistan stocks shed 242 points over delay in IMF talks

Volumes increased from 181.2 million shares to 189.3 million shares (+4.4 per cent DoD). The average traded value decreased by 18 per cent to $22.7 million as against $27.6 million.

Stocks that contributed significantly to the volumes are UNITY, WTL, HASCOL, GCIL and FCCL.

KARACHI: Pakistan stocks fell by 164 points on Thursday due to delay in review of International Monetary Fund (IMF) program.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,820 points from previous day’s closing of 42,984 points, showing a gain of 164 points.

READ MORE: Pakistan equities gain 187 points in mixed trading session

Analysts at Arif Habib Limited said that another range-bound session was witnessed at the PSX during the day.

The market opened in the positive zone however, due to the rupee-dollar parity and delayed 10th review of the IMF Program snapped investors’ confidence resulting in the index losing 214.38 points at the intraday low and closing in the red.

READ MORE: Pakistan stocks end down amid profit taking

Investor participation remained slow while 3rd tier scrips generated the most volumes.

Sectors contributing to the performance include Technology & Communication (-28.0 points), Oil & Gas Marketing Companies (-27.1 points), E&P’s (-25.2 points), Food & Personal Care Products (-18.8 points), Vanaspati & Allied Industries (-12.6 points).

READ MORE: Pakistan stocks shed 242 points over delay in IMF talks

Volumes decreased from 186.7 million shares to 181.2 million shares (-2.9 per cent DoD). The average traded value also decreased by 7.7 per cent to USD 27.7 million as against USD 29.9 million.

Stocks that contributed volumes significantly are BIPL, UNITY, TELE, GCIL, and WTL.

READ MORE: Weekly Review: investors may stay cautious on political uncertainty