Tag: KSE-100

KARACHI: Pakistan stock ended in green on Thursday after the central bank received a tranche from the International Monetary Fund (IMF).

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 42,460 points from previous day’s close of 42,351 points, showing an increase of 109 points.

READ MORE: Stocks end up 156 points amid political noise

Analysts at Arif Habib Limited said that the market witnessed a positive session today as Pakistan received the first tranche of the extended fund facility from the International Monetary Fund.

The State Bank of Pakistan (SBP) a day earlier received $1.16 billion from IMF under Extended Fund Facility.

SBP in a Tweet said that it had received proceeds of $1.16 billion (equivalent of SDR 894 million) after the IMF Executive Board completed the combined seventh and Eight review under the EFF for Pakistan.

READ MORE: Pakistan stocks plunge despite IMF program revival

“This will help improve SBP’s foreign exchange reserves and will also facilitate realization of other planned inflows from multilateral and bilateral sources,” according to the Tweet.

Earlier, on August 29, 2022 the executive board of the IMF completed the combined seventh and eighth reviews of the Extended Arrangement under the EFF for Pakistan.

Investors participation remained active throughout the day, healthy volumes were observed while the cement sector remained in the limelight.

READ MORE: Stocks slip on mounting inflation concerns

Sectors contributing to the performance include Cements (+89.8 points), Banks (+19.5 points), Technology (+18.8 points), Leather (+10.8 points) and Investment Banks (+8.0 points).

Volumes increased from 181.3 million shares to 248.2 million shares (+36.9 per cent DoD). Average traded value also increased by 11.2 per cent to reach US$ 36.7 million as against US$ 33.0 million.

Stocks that contributed significantly to the volumes are CNERGY, MLCF, FCCL, KAPCO and PRL.

READ MORE: Weekly Review: Pakistan stocks likely trade in green

KARACHI: Pakistan stocks ended up by 156 points on Wednesday amid mounting political noise.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 42,351 points from previous day’s closing of 42,195 points, showing a gain of 156 points.

READ MORE: Pakistan stocks plunge despite IMF program revival

Analysts at Arif Habib Limited said that the market opened in the negative zone today due to prevailing political noise.

The benchmark KSE-100 index witnessed a range bound session today as investor remained on the side line awaiting for clarity on the political front.

READ MORE: Stocks slip on mounting inflation concerns

However, during the last trading hour value buying was observed in the cement sector which helped the index to close in the green zone.

Volumes remained dry in the main board although hefty volumes were witnessed in the 3rd tier stocks

Sectors contributing to the performance include Cements (+75.3 points), Chemicals (+32.3 points), Fertilizers (+23.1 points), Power (+22.9 points) and E&P’s (+18.7 points).

READ MORE: Weekly Review: Pakistan stocks likely trade in green

Volumes decreased from 237.6 million shares to 181.3 million shares (-23.7 per cent DoD). Average traded value also decreased by 1.5 per cent to reach US$ 33.0 million as against US$ 33.4 million.

Stocks that contributed significantly to the volumes are KEL, UNITY, EPCL, FCCL and WTL.

READ MORE: Profit taking hammers Pakistan stocks to fall by 441 points

KARACHI: Pakistan stocks witnessed a fall of 309 points on Tuesday despite the revival of loan program by the International Monetary Fund (IMF).

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 42,195 points from previous day’s closing of 42,504 points, showing a decline of 309 points.

READ MORE: Stocks slip on mounting inflation concerns

Analysts at Topline Securities said that Pakistan equities celebrated resumption of country’s Extended Fund Facility (EFF) program by IMF Board of Directors as the KSE100 index opened with positive 486 points.

Buying interest witnessed across the board in the market which assisted market to made an intraday high at 43,052 (+548 points; up 1.41 per cent).

READ MORE: Weekly Review: Pakistan stocks likely trade in green

However, profit taking kicked in at the aforesaid level which pushed index towards intraday low at 42,106 (-398 points; down 0.94 per cent) before eventually settled at 42,195 (-309 points; down 0.73 per cent) for the day.

Another highlight of the day was on the macro front where Pakistani Rupee gained Rupee 1.8 (0.82 per cent) against the greenback in the interbank trading and closed at 220.12 versus US Dollar.

READ MORE: Profit taking hammers Pakistan stocks to fall by 441 points

Banks, Fertilizer and Tech sector stocks contributed negatively to the index where HBL, ENGRO, TRG, BAHL & MCB lost 136 points, cumulatively. On the flip side, SYS, DAWH and SRVI have witnessed some buying interest as they added 35 points collectively, today.

Around 238 million shares traded today at the bourse while total value clocked in at Rs7.3 billion. KEL led the volumes chart today with trading of 38 million shares in it, today.

READ MORE: Pakistan stocks dip 305 points in dull trading

KARACHI: Pakistan stocks slipped by 87 points on Monday owing to concerns over mounting inflation.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 42,504 points from last Friday’s closing of 42,591 points, showing a decline of 87 points.

READ MORE: Weekly Review: Pakistan stocks likely trade in green

Analysts at Arif Habib Limited said that the market observed a negative session on Monday August 29, 2022 due to concerns over mounting inflation and GDP growth rate.

Investors’ participation remained sideways throughout the day although value buying was witnessed in the last trading hour which helped the index to recover as it made an intraday low of 763 points.

READ MORE: Profit taking hammers Pakistan stocks to fall by 441 points

Volumes remained dry in the main board whereas hefty volumes were witnessed in the 3rd tier stocks.

Sectors contributing to the performance include E&P’s (-29.5 points), Food & Personal Care (-25.7 points), Autos (-17.8 points), Pharmaceuticals (-15.9 points) and Textiles (-13.4 points).

READ MORE: Pakistan stocks dip 305 points in dull trading

Volumes decreased from 265.7 million shares to 229.2 million shares (-13.7 per cent DoD). Average traded value also decreased by 19.4 per cent to reach US$ 32.8 million as against US$ 40.7 million.

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

READ MORE: Pakistan stocks end flat to 43,338 points

KARACHI: Pakistan stocks lost 441 points on Friday as the profit taking hammered the benchmark index to close in red zone.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended down to 42,591 points from the previous day’s close of 43,032 points, showing a decline of 441 points.

READ MORE: Pakistan stocks dip 305 points in dull trading

Analysts at Arif Habib Limited said that the PSX witnessed a negative session due to the last day of rollover week as investors opted for profit-taking.

The first session consisted of dull activity despite opening in the green zone. However, in the second session investors opted for profit taking which hammered the index to close in the red zone.

READ MORE: Pakistan stocks end flat to 43,338 points

Main board volumes stayed dry. On the contrary, hefty volumes were observed in the 3rd tier stocks.

The Index closed at 42,591.51 points, down by 441.06 points (-1.02 per cent DoD). Sectors contributing to the performance include Banks (-85.5 points), Technology (-64.0 points), OMC’s (-61.1 points), E&P (-48.3 points) and Cement (-37.7 points).

READ MORE: Pakistan stocks gain 540 points on unchanged policy rate

Volumes increased from 208.1 million shares to 265.8 million shares (+27.7 per cent DoD). Average traded value also increased by 16.1 per cent to reach US$ 40.9 million as against US$ 35.3 million.

Stocks that contributed significantly to the volumes are KEL, PRL, PAEL, CNERGY and HASCOL.

READ MORE: Pakistan equities fall by 444 points on political noise

KARACHI: Pakistan stocks ended down by 305 points on Thursday in dull trading activity during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell to 43,033 points from previous day’s closing of 43,338 points, showing a decline of 305 points.

READ MORE: Pakistan stocks end flat to 43,338 points

Analysts at Arif Habib Limited said that the market was remained range bound throughout the day owing to concerns over rising inflation and political noise.

The benchmark KSE-100 index opened in the positive zone but dull activity was observed. In the last trading hour, profit taking was witnessed across the board which dragged the index in the red zone.

READ MORE: Pakistan stocks gain 540 points on unchanged policy rate

Volumes remained dry in the main board although hefty volumes were witnessed in the 3rd tier stocks.

Sectors contributing to the performance include Power (-142.4 points), Fertilizer (-32.0 points), E&P’s (-28.4 points), Banks (-27.6 points) and Technology (-25.0 points).

READ MORE: Pakistan equities fall by 444 points on political noise

Volumes decreased from 256.5 million shares to 208.1 million shares (-18.9 per cent DoD). Average traded value also decreased by 11.0 per cent to reach US$ 35.5 million as against US$ 39.9 million.

Stocks that contributed significantly to the volumes are WTL, HASCOL, PIAA, TELE and HUBC.

READ MORE: Weekly Review: monetary policy decision likely to dictate market

KARACHI: Pakistan stocks ended flat on Wednesday as range bound trading activities observed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 43,338 points from previous day’s closing of 43,367 points, showing a decline of 29 points.

READ MORE: Pakistan stocks gain 540 points on unchanged policy rate

Analysts at Arif Habib Limited said that a range bound session was observed in the market today due to roll-over week.

The benchmark KSE-100 index opened in the positive zone but sluggish activity was witnessed throughout the day.

READ MORE: Pakistan equities fall by 444 points on political noise

In the last trading hour profit taking was observed which led the index to close in the red zone.

Volumes remained dry in the main board although healthy volumes were witnessed in the 3rd tier stocks.

Sectors contributing to the performance include Cement (-43.8 points), Misc. (-43.5 points), Inv Banks (-19.1 points), Textile Composite (-12.2 points) and E&P (-12.1 points).

READ MORE: Weekly Review: monetary policy decision likely to dictate market

Volumes decreased from 324.4 million shares to 256.5 million shares (-20.9 per cent DoD). Average traded value also decreased by 9.4 per cent to reach US$ 40.1 million as against US$ 44.2 million.

Stocks that contributed significantly to the volumes are HASCOL, KEL, PIAA, BAFL and TPLP.

READ MORE: Weekly Review: stock market likely to move in positive zone

KARACHI: Pakistan stocks gained 540 points on Tuesday as investors posed confidence on central bank’s decision to leave policy rate unchanged.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 43,367 points from previous day’s closing of 42,827 in the interbank foreign exchange market.

READ MORE: Pakistan equities fall by 444 points on political noise

Analysts at Arif Habib Limited said that the stock market witnessed a bullish session today.

The benchmark KSE-100 index traded in the green zone throughout the day as investors’ confidence boosted due to policy rate being unchanged, they added.

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) a day earlier decided to keep the policy rate unchanged at 15 per cent.

READ MORE: Weekly Review: monetary policy decision likely to dictate market

Cement sector remained in the limelight. Hefty volumes were witnessed in the main board and 3rd tier stocks.

The Index closed at 43,366.78 points, up by 540.1 points (+1.26 per cent DoD). Sectors contributing to the performance include Fertilizer (+124.8 points), Cement (+121.7 points), E&P’s (72.2 points), Technology (+62.2 points) and Banks (+43.9 points).

READ MORE: Weekly Review: stock market likely to move in positive zone

Volumes increased from 194.7 million shares to 324.4 million shares (+66.7 per cent DoD). Average traded value also increased by 81.1 per cent to reach US$ 44.4 million as against US$ 24.5 million.

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

READ MORE: Weekly Review: market likely to continue positive sentiments

KARACHI: Pakistan equities have declined by 444 points on Monday owing to rising political noise in the country.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 42,826 points from last Friday’s closing of 43,270 points, showing a decline of 444 points.

READ MORE: Weekly Review: monetary policy decision likely to dictate market

Analysts at Topline Securities said that Pakistan equities had a bearish day on the back of increasing political noise as news flow regarding possible arrest of top leadership of PTI (an opposition to the ruling alliance) since last night.

In addition to this, Monetary Policy Statement is scheduled to announce in the evening today where the Central Bank of Pakistan is expected to maintain interest rate at 15 per cent as reflected in the Topline survey conducted earlier this month.

READ MORE: Weekly Review: stock market likely to move in positive zone

During the session, the benchmark index made an intraday high at 43,314 (+44 points; up 0.10 per cent) and an intraday low at 42,788 (-483 points; down 1.1 per cent) before eventually settled at 42,827 (-444points; down 1.03 per cent) for the day.

Banks, E&P and Tech sector stocks contributed negatively to the index where PSEL, HBL, OGDC, UBL & SYS lost 154 points, cumulatively.

READ MORE: Weekly Review: market likely to continue positive sentiments

On the flip side, POL, DAWH and IDNU have witnessed some buying interest as they added 32 points collectively, during the day.

Over 195 million shares traded today at the bourse while total value clocked in at Rs5.3 billion. PRL led the volumes chart today with trading of 17.5 million shares in it, today.

READ MORE: Pakistan stocks up 671 points on continuous rupee gain

KARACHI: The upcoming monetary policy decision scheduled for August 22, 2022 likely to dictate the stock market during the next week.

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