Tag: Pakistan Stock Exchange

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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KARACHI: Pakistan Stocks ended down by 211 points on Friday as market witnessed dull trading and investors preferred profit taking during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 43,270 points from previous day’s closing of 43,481 points, showing a decline of 211 points.

READ MORE: Pakistan stocks fall 195 points in range bound trading

Analysts at Arif Habib Limited said that the market remained under pressure throughout the day as investors opted for profit taking.

“Activity remained dull in the first session due to lack of any trigger. In the second session, profit taking was witnessed across the board which led the index to close in the red zone,” the analysts added.

READ MORE: Pakistan stocks gain 240 points amid profit taking

Refinery sector remained in the limelight. Main board volumes stayed dull whereas hefty volumes were observed in the 3rd tier stocks.

Sectors contributing to the performance include Banks (-81.6 points), Cement (-56.4 points), Power (-33.3 points), Tobacco (-11.2 points) and E&P (-10.3 points).

READ MORE: Stocks shed 185 points amid profit taking

Volumes decreased from 621.2 million shares to 306.2 million shares (-50.7 per cent DoD). Average traded value also decreased by 39.1 per cent to reach US$ 29.8 million as against US$ 48.9 million.

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

READ MORE: Pakistan stocks gain 764 points on Saudi help reports

KARACHI: Pakistan stocks ended lower on Thursday as the benchmark KSE-100 index shed 195 points, closing at 43,481 compared to the previous day’s closing of 43,676 points.

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KARACHI: Pakistan stocks gained 240 points on Wednesday despite profit taking observed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 43,676 points from previous day’s closing of 43,436 points, showing a gain of 240 points.

READ MORE: Stocks shed 185 points amid profit taking

Analysts at Arif Habib Limited said that the stock marked observed a positive session during the day.

The KSE-100 index opened in the green zone but investors opted for profit taking in the1st trading hour.

Banking sector remained in the limelight due to major result announcements.

READ MORE: Pakistan stocks gain 764 points on Saudi help reports

Value buying was observed in the last trading hour which led the index to close in the green zone.

Sectors contributing to the performance include Technology (+116.2 points), Cement (+97.2 points), Power (+38.1 points), Engineering (+16.1 points) and Fertilizer (+13.6 points).

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

Volumes increased from 518.0 million shares to 608.0 million shares (+17.4 per cent DoD). Average traded value decreased by 31.4 per cent to reach US$ 51.8 million as against US$ 75.8 million.

Stocks that contributed significantly to the volume are KEL, WTL, HASCOL, PIA and FLYNG.

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

KARACHI: Pakistan stocks recorded a decline of 185 points on Tuesday owing to interest of investors in profit booking.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 43,437 points from previous day’s closing of 43,622 points, showing a decline of 185 points.

READ MORE: Pakistan stocks gain 764 points on Saudi help reports

Analysts at Arif Habib Limited said that the market observed a range bound session today.

The benchmark KSE-100 index opened in the positive zone although investors opted to book profit which resulted the index to close in red.

The refineries and E&P sectors remained in the limelight due to result announcement during the day.

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

Investors’ participation remained healthy whereas hefty volumes were witnessed in the 3rd tier stocks.

Sectors contributing to the performance include Miscellaneous (-58.1 points), Technology (-52.2 points), E&P’s (-25.3 points), Automobile Assemblers (-24.0 points) and OMC’s (-21.3 points).

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

Volumes decreased from 541.5 million shares to 518.0 million shares (-4.3 per cent DoD). Average traded value also decreased by 3.7 per cent to reach US$ 75.8 million as against US$ 78.7 million.

Stocks that contributed significantly to the volumes are CNERGY, FFL, UNITY, PRL and HASCOL.

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

KARACHI: Pakistan stocks gained 764 points on Monday as investors took positive the news regarding monetary help from Saudi Arabia.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 43,622 points from last Friday’s closing of 42,855 points, showing a gain of 764 points.

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

Analysts at Arif Habib Limited said that bulls triumphed today with gains of 1.78 per cent to close at 43,622 points.

“Pakistan is now +22 per cent in USD terms in August and tops the global performance table during the period,” the analysts added.

KSE-100 index remained in the green zone throughout the day as value buying was witnessed across the board.

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

The investors gained confidence after news regarding monetary help from Saudi Arabia and the PKR continued its winning streak against the USD.

Volumes remained healthy in the main board although hefty volumes were witnessed in the 3rd tier stocks driving traded value to USD 78 million.

Sectors contributing to the performance include Banks (+234.6 points), Cement (+96.3 points), Technology (+67.3 points), Fertilizer (+40.3 points) and Textile Composite (33.0 points).

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

Volumes increased from 373.9 million shares to 541.5 million shares (+44.9 per cent DoD). Average traded value also increased by 58.6 per cent to reach US$ 78.7 million as against US$ 49.6 million.

Stocks that contributed significantly to the volumes are KEL, PRL, WTL, TELE, and CNERGY while value leaders were TRG, LUCK and NRL

READ MORE: Pakistan stocks gain 357 points as rupee continues recovery

KARACHI: Pakistan stocks likely to move in positive zone during next week with the expectation of loan disbursement from IMF.

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

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

With the expectation of disbursement of loan from IMF conditional upon approval from the Executive Board, the investor sentiment is expected to remain positive.

Furthermore, with the ongoing result season, certain sectors and scrips are likely to remain in the limelight in anticipation of strong results.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 4.4x (2022) compared to Asia Pac regional average of 12.5x while offering a dividend yield of 8.8 per cent versus 2.8 per cent offered by the region.

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

The three-day week commenced on a positive note amid optimism over the disbursement of IMF loan in the coming weeks, which will further bring in loans and investments from friendly countries and international financial institutions.

Furthermore, Pak Rupee strengthened again this week against the greenback, appreciating by PKR 8.55/ USD (3.82 per cent) WoW to close at PKR 215.49.

 Moreover, investor confidence further improved after Pakistan received letter of intent from IMF (which indicates disbursement of a USD 1.7bn tranche for the combined seventh and eighth review). The market closed at 42,858 points, gaining 761 points (up by 1.8 per cent) WoW.

READ MORE: Pakistan stocks gain 357 points as rupee continues recovery

Sector-wise positive contributions came from i) Banks (224 points), ii) E&Ps (205 points), iii) Power (84 points), iv) Automobile Assembler (55 points) and v) OMCs (53 points). Whereas, sectors which contributed negatively were i) Cement (23 points) and ii) Tobacco (15 points).

Scrip-wise positive contributors were OGDC (79 points), PPL (69 points), MEBL (67 points), POL (56 points) and HUBC (52 points). Meanwhile, scrip-wise negative contribution came from PSEL (63 points), NESTLE (17 points), EPCL (16 points) and PAKT (15 points).

READ MORE: Pakistan stocks up 877 points on massive rupee appreciation

Foreigners selling continued this week, clocking in at $ 0.9 million compared to a net sell of $ 0.7 million last week. Major selling was witnessed in Banks ($ 1.6 million) and Cement ($ 1.3 million). On the local front, buying was reported by Individuals ($ 5.1 million) followed by Other Organizations ($ 0.4 million).

Average volumes clocked in at 343 million shares (up by 31 per cent WoW) while average value traded settled at $ 48 million (up by 41 per cent WoW).

READ MORE: Pakistan stocks end in green on rupee recovery

KARACHI: Pakistan stocks ended up by 614 points on Friday as the country received Letter of Intent (LoI) for IMF loan.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 42,857 points from previous day’s closing of 42,243 points, showing the gain of 614 points.

READ MORE: Pakistan stocks shed 252 points in range bound session

Analysts at Arif Habib Limited said that the market opened in the positive zone although investors’ participation remained dull throughout the opening session.

“The bulls made a comeback in the second session for value hunting across the board after Pakistan received the letter of intent from the International Monetary Fund for the extended fund facility.”

READ MORE: Pakistan stocks gain 400 points amid positive sentiments

Main board volumes continued to remain healthy although hefty volumes were witnessed in the 3rd tier stocks.

Sectors contributing to the performance include Banks (+149.3 points), E&P’s (+115.2 points), Automobile Assemblers (+46.3 points), Fertilizer (+40.3 points) and OMC’s (37.5 points).

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

Volumes increased from 281.7 million shares to 373.9 million shares (+32.7 per cent DoD). Average traded value also increased by 36.1 per cent to reach US$ 49.3 million as against US$ 36.2 million.

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

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