Tag: KSE-100

KARACHI: Pakistan stocks fell by 148 points on Wednesday due to lack of participation by investors during the day.

The benchmark KSE-100 of Pakistan Stock Exchange (PSX) ended at 42,007 points from previous day’s closing of 42,155 points, showing a decline of 148 points.

READ MORE: Pakistan stocks end down on profit taking

Analysts at Arif Habib Limited said that a negative session was witnessed at PSX on Wednesday, as lack of participation led the index to trade in red zone for majority of trading session.

Volumes remained dry in the main board whereas, 3rd tier stocks continued to remain board leaders. Technology sector remained in the limelight.

READ MORE: Stocks gain 126 points on positive sentiments

Sectors contributing to the performance include Technology (-218.5), Cement (-39.2 points), Chemical (-11.6 points), Vanaspati & Allied Industries (-10.9 points) and E&P’s (-7.8 points).

READ MORE: Weekly Review: stocks likely to move in green zone

Volumes decreased from 304.8 million shares to 238.7 million shares (-21.7 per cent DoD). The average traded value also decreased by -20.3 per cent to USD 36.0 million as against USD 45.21 million.

Stocks that contributed significantly to the volumes are KEL, WTL, TELE, PRL and CNERGY.

READ MORE: Pakistan stocks end down in mixed trading session

KARACHI: Pakistan stocks declined by 56 points on Tuesday as investors preferred profit taking during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,155 points from previous day’s closing of 42,211 points, showing a decline of 56 points.

READ MORE: Stocks gain 126 points on positive sentiments

Analysts at Arif Habib Limited said that the PSX witnessed a range bound session on Tuesday as investor choose to book profits.

The benchmark KSE-100 index despite opening in the positive zone failed to continue the momentum whereas participation remained sluggish that led the index to close in the red zone.

READ MORE: Weekly Review: stocks likely to move in green zone

Volumes remained healthy in the main board on the contrary hefty volumes were recorded in the 3rd tier stocks.

Sectors contributing to the performance include Technology (-112.1), Cement (-28.0 points), E&P’s (-7.3 points), Vanaspati & Allied Industries (-6.5 points) and Textile Composite (-6.5 points).

READ MORE: Pakistan stocks end down in mixed trading session

Volumes increased from 240.2 million shares to 304.8 million shares (+26.9 per cent DoD). The average traded value decreased by 6.5 per cent to US$ 45.2 million as against US$ 48.3 million.

Stocks that contributed significantly to the volumes are WTL, CNERGY, PRL, PAEL and GGL.

READ MORE: Pakistan stocks gain 549 points on ADB aid announcement

KARACHI: Pakistan stocks gained 126 points on Monday amid positive sentiments prevailed during the day.

The benchmark KSE1-00 index of Pakistan Stock Exchange (PSX) ended 42,211 points from last Friday’s closing of 42,085 points, showing a gain of 126 points.

READ MORE: Weekly Review: stocks likely to move in green zone

Analysts at Arif Habib Limited said that bulls and bears engaged in battle at the PSX today throughout the trading session.

In anticipation of a rate cut in the monetary policy today, the market opened in the green and remained positive for the majority of the day.

READ MORE: Pakistan stocks end down in mixed trading session

The main board volumes fell from the previous close as investors participation remained sluggish although 3rd tier stocks remained in the limelight.

Sectors contributing to the performance include Technology (+92.4 points), Cement (+36.2 points), E&P’s (+23.9 points), Chemicals (+16.9 points) and Cable & Electrical Goods (+13.2 points).

READ MORE: Pakistan stocks gain 549 points on ADB aid announcement

Volumes decreased from 313.3 million shares to 240.2 million shares (-23.3 per cent DoD). The average traded value increased by 12.8 per cent to US$ 48.3 million as against US$ 42.8 million.

Stocks that contributed significantly to the volumes are WTL, PAEL, TRG, UNITY and LOTCHEM.

READ MORE: Stocks rally as PKR continues recovery against dollar

KARACHI: Pakistan stocks likely to trade in green zone during the next week starting October 10, 2022.

Analysts at Arif Habib Limited said that the market is expected to remain positive in the upcoming week.

With the Monetary Policy Committee (MPC) meeting scheduled on Monday October 10 2022, the market is expecting a status quo.

While indication of a stable parity will also aid sentiment at the index.

READ MORE: Pakistan stocks end down in mixed trading session

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 12.1x while offering a dividend yield of 9.8 per cent versus 2.9 per cent offered by the region.

In the outgoing week the market continued its upward trend as China agreed to refinance a $2.24 billion loan and the government is in talks of rolling over of SAFE China deposits of $ 2 billion.

Additionally the trade deficit shrank 21.4 per cent YoY from $ 11.72 billion to $ 9.2 billion, which helped the index sustain momentum during the week.

READ MORE: Pakistan stocks gain 549 points on ADB aid announcement

Furthermore, Pakistani Rupee (PKR) appreciated against the green back, closing at 219.92 (up by PKR 8.53 | 3.7 per cent WoW).

Moreover, Asian Development Bank (ADB) announced it would provide aid of around $ 2.3-2.5 billion for relief in wake of the current natural disaster that occurred.

However, on Thursday Moody’s cut Pakistan’s sovereign credit rating from B3 to Caa1 due to increased liquidity and external vulnerability risks, keeping the bourse in check.

That said, the market closed 42,085points, gaining 956points (up by 2.3 per cent).

READ MORE: Stocks rally as PKR continues recovery against dollar

Sector-wise positive contributions came from i) Technology & Communication (360 points), ii) Power Generation & Distribution (251 points), iii) Cement (129 points), iv) Fertilizer (115 points) and v) Chemical (44 points).

Whereas, sectors which contributed negatively were i) Miscellaneous (44 points), and Paper & Board (6 points). Scrip-wise positive contributors were HUBC (227 points), TRG (171 points), SYS (170 points), ENGRO (66 points) and EFERT (61 points).

Meanwhile, scrip-wise negative contribution came from PPL (48 points), PSEL (41 points), MCB (26 points), UBL (24 points) and FATIMA (11 points).

READ MORE: Pakistan stocks gain 139 points on contraction in trade deficit

Foreigners buying continued during this week, clocking in at $ 4.7 million compared to a net buy of $ 0.15 million last week.

Major buying was witnessed in Technology ($ 6.0 million), Power ($ 0.4 million) and Cement ($ 0.3 million). On the local front, selling was reported by Insurance ($ 5.7 million) followed by Banks/DFI’s ($ 4.4 million).

Average volumes clocked in at 434 million shares (up by 118 per cent WoW) while average value traded settled at $ 48 million (up by 32 per cent WoW).

KARACHI: Pakistan stocks ended down on Friday by 75 points in a mixed trading session observed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,085 points from previous day’s closing of 42,160 points, showing a decline of 75 points.

READ MORE: Pakistan stocks gain 549 points on ADB aid announcement

Analysts at Arif Habib Limited said that a mixed session was witnessed at the PSX on Friday. Investors chose to stay at bay from Pakistan’s stock market during the opening session, causing the index to drop to 168 points after Moody’s Investor Service lowered Pakistan’s sovereign credit rating by one notch.

READ MORE: Stocks rally as PKR continues recovery against dollar

However, after resuming the second session in the green zone investor opted for booking profits which resulted the index to close in the red zone.

The main board volumes remained respectable as a result of the Pak rupee’s (PKR) strengthening versus the US dollar over a period of sessions, with third-tier companies leading the volume board.

READ MORE: Pakistan stocks gain 139 points on contraction in trade deficit

Sectors contributing to the performance include E&P’s (-40.1 points), Technology (-32.4 points), Investment Banks (-18.6 points), Cement (-8.8 points) and Automobile Assemblers (-8.3 points).

Volumes decreased from 442.6 million shares to 313.3 million shares (-29.2 per cent DoD). The average traded value also decreased by -30.7 per cent to US$ 42.8 million as against US$ 61.8 million.

Stocks that contributed significantly to the volumes are WTL, TELE, TOMCL, LOTCHEM and KAPCO.

READ MORE: Stocks gain 83 points as PKR continues to appreciate

KARACHI: Pakistan stocks gained 549 points on Thursday after the announcement of Asian Development Bank (ADB) of providing $2.3 billion.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 42,160 points from previous day’s closing of 41,611 points showing an increase of 549 points.

READ MORE: Stocks rally as PKR continues recovery against dollar

Analysts at Arif Habib Limited said that bulls ruled the day at PSX after the Asian Development Bank stated that it would give Pakistan aid worth $2.3 billion.

Due to the decline in international coal price, cement sector remained under limelight as the benchmark KSE-100 index traded in the green throughout the day.

READ MORE: Pakistan stocks gain 139 points on contraction in trade deficit

The investors remained bullish continuing the positive momentum from previous close. While third-tier stocks led the volume board, the main board continued to be on the healthy side.

Sectors contributing to the performance include Technology (+204.2 points), Fertilizer (+109.9 points), E&Ps (+84.3 points), Banks (+77.8 points) and Power (+42.5 points).

READ MORE: Stocks gain 83 points as PKR continues to appreciate

Volumes decreased from 635.6 million shares to 442.6 million shares (-30.4 per cent DoD). The average traded value increased by 31.5 per cent to US$ 61.8 million as against US$ 47.0 million.

Stocks that contributed significantly to the volumes are WTL, TPLP, TRG, FLYNG and KEL.

READ MORE: Weekly Review: Investors to eye PTI protest call

KARACHI: The stocks rallied on Wednesday as Pakistani Rupee (PKR) continued recovery against dollar on ninth consecutive session.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,611 points from previous day’s closing of 41,350 points in the interbank foreign exchange market.

READ MORE: Pakistan stocks gain 139 points on contraction in trade deficit

Analysts at Arif Habib Limited said that positive momentum from the previous close continued at the PSX today.

The market remained in positive zone throughout the day as investors continued to accumulate value stock.

READ MORE: Stocks gain 83 points as PKR continues to appreciate

PKR continuing its solidification against the US dollar helping investors to remain affirmative in the market. Volumes continued to swell in the main board with 3rd tier stocks being in the limelight.

Sectors contributing to the performance include Technology (+120.5 points), Cement (+109.1 points), Fertilizer (+23.8 points), E&P’s (+22.0 points) and Engineering (+11.1 points).

READ MORE: Weekly Review: Investors to eye PTI protest call

Volumes increased from 593.4 million shares to 635.6 million shares (+7.1 per cent DoD). The average traded value also increased by 13.4 per cent to US$ 47.0 million as against US$ 41.4 million.

Stocks that contributed significantly to the stocks are WTL, TELE, TRG, FLYNG and GTECH.

READ MORE: Stocks gain 115 points in volatile session

KARACHI: Pakistan stocks on Tuesday gained 139 points on reports of contraction in trade deficit during the first quarter of the current fiscal year.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at to 41,350 points from previous day’s closing of 41,211 points, showing an increase of 139 points.

READ MORE: Stocks gain 83 points as PKR continues to appreciate

Analysts said that total import bill of Pakistan has fallen by 12.72 per cent in the first quarter (July – September) of the fiscal year 2022/2023.

The import bill of the country was $16.33 billion in the first quarter of the current fiscal year as compared with $18.72 billion in the corresponding period of the last fiscal year. Exports of the country, however, exhibited a nominal 2 per cent growth to $7.12 billion during the quarter under review as compared with $7 billion in the same quarter of the last fiscal year.

READ MORE: Weekly Review: Investors to eye PTI protest call

The fall in import bill resulted in trade deficit contraction of 21.42 per cent. The trade deficit of the country fell to $9.21 billion during July – September 2022 as compared with the deficit of $11.72 in the same quarter of the last fiscal year.

Analysts at Arif Habib Limited said that another positive session was observed at the PSX today after the Current Account Deficit declined significantly which helped the investors to gain confidence. The market opened in the green zone and traded favorably throughout the trading session. After announcing that its parent firm is concluding arrangements for NASDAQ listing, Worldcall Telecom Limited continued to dominate the volume board as trading volumes increased on the main board.

READ MORE: Stocks gain 115 points in volatile session

The Index closed at 41,350.43 points, up by 138.73 points (+0.34 per cent DoD). Sectors contributing to the performance include Technology (+73.9.2 points), Power (+53.6 points), Cement (+47.5 points), Misc. (+28.3 points) and Fertilizer (+20.2 points).

Volumes increased from 185.4 million shares to 593.4 million shares (+220.0 per cent DoD). The average traded value also increased by 0.4 per cent to US$ 41.4 million as against US$ 41.3 million.

Stocks that contributed significantly to the volumes are WTL, FLYNG, KEL, GTECH and TPLP.

READ MORE: Pakistan stocks witness bloodbath on HBL terror probe

KARACHI: Stocks showed a positive trend on Monday as the Pakistani Rupee (PKR) continued to appreciate against the US Dollar, boosting investor sentiment.

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KARACHI: The investors of Pakistan stocks likely to decide strategy during the next week on the basis of expected protest call by Pakistan Tehreek I Insaaf (PTI).

Senior PTI leader Asad Qaiser reportedly said that PTI Chairman Imran Khan likely to call for countrywide protest and long march during a week.

READ MORE: Stocks gain 115 points in volatile session

However, analysts at Arif Habib Limited said that market likely remain range bound as results season was almost over.

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 12.1x while offering a dividend yield of 9.8 per cent versus 2.9 per cent offered by the region.

The week commenced on a positive note as market was up 531.1 points on Monday following the release of SPI number on the last working day, which was 8.8 per cent down WoW.

READ MORE: Pakistan stocks witness bloodbath on HBL terror probe

Moreover, market also reacted positively on the news of change in Finance Ministry high-ups. Furthermore, Pakistani Rupee (PKR) appreciated against the green back, closing at 228.45 (up by PKR 11 | 4.9 per cent WoW).

Real Effective Exchange Rate (REER) clocked-in at 94.5 as of August 2022 compared to 93.2 in July 2022.

Further, an amount of USD 2 billion was committed by Asian Development Bank (ADB) which is expected to mobilize by the end of this year.

READ MORE: Stocks shed 83 points on rising political noise

On the flip, the market sentiment become negative towards the end of the week as the State Bank of Pakistan (SBP) reserves declined by 4 per cent WoW clocking-in at USD 8 billion.

In addition, yields on government’s international bonds maturing in 2022 and 2024, increased during the week by 20-24pps WoW.

Moreover, with HBL coming under international scrutiny, market sentiment was further dented. Albeit, the market closed 41,129 points, gaining 508 points (up by 1.25 per cent).

READ MORE: Stocks gain 367 points amid clarity on political ground

Sector-wise positive contributions came from i) Power Generation & Distribution (141 points), ii) Cement (107 points), iii) Technology & Communication (92 points), iv) Oil & Gas Exploration (65 points) and v) Fertilizer (40 points).

Whereas, sectors which contributed negatively were i) Commercial Banks (217 points), and Close-End Mutual Fund (1 points). Scrip-wise positive contributors were HUBC (139 points), TRG (122 points), PPL (55 points), LUCK (49 points) and OGDC (40 points).

Meanwhile, scrip-wise negative contribution came from HBL (213 points), MEBL (34 points), MARI (32 points), SYS (28 points) and BAHL (12 points).

Foreigners buying continued during this week, clocking in at USD 0.15 million compared to a net buy of USD 5.09 million last week. Major buying was witnessed in Technology (USD 2.5 million), Cement (USD 0.2 million), Power Generation & Distribution (USD 0.2 million) and Food & Personal Care Products (USD 0.1 million). On the local front, selling was reported by Mutual Funds (USD 7.6 million) followed by Insurance Companies (USD 3.9 million).

Average volumes clocked in at 200 million shares (up by 20 per cent WoW) while average value traded settled at USD 36 million (up by 39 per cent WoW).