Tag: Pakistan Stock Exchange

KARACHI: The stock market likely to take sigh of relief after vote of no-confidence against the prime minister, scheduled for April 3, 2022.

Analysts at Arif Habib Limited said that political noise is expected to be pushed back after the vote of no-confidence against Prime Minister Imran Khan on Sunday.

READ MORE: Pakistan stocks gain 223 points amid volatile trading

Moreover, with Ukraine-Russia peace talks in progress, commodity prices are expected to further decline.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 4.9x (2022) compared to Asia Pacific regional average of 12.3x while offering a dividend yield of 8.4 per cent versus 2.5 per cent offered by the region.

The market witnessed an eventful week as both, the incumbent government and opposition tried to gather allies amid vote of no-confidence motion against PM Khan in the National Assembly.

READ MORE: Pakistan stocks gain 591 points amid political unrest

“We believe the market has largely digested the aforementioned which, coupled with decline in international oil and coal prices (which garnered interest in the cement sector) brought back the bulls, as concerns over inflation have ceded,” they said.

Although some shuffling in support by minority parties in the mid-week added pressure, the market closed at 45,152 points, witnessing a noteworthy jump of 1,601 points (up by 3.7 per cent) WoW. To highlight, this is the highest weekly return of the local bourse since July 31, 2020.

READ MORE: Pakistan equities shed 101 points on political uncertainty

Sector-wise positive contributions came from i) Cement (266 points), ii) Commercial Banks (241 points), iii) Technology & Communication (182 points), iv) Fertilizer (152 points), and v) Power Generation and Distribution (111 points).

Whereas, sectors which contributed negatively were i) Leather & Tanneries (9 points) and ii) Leasing Companies (1 points). Scrip-wise positive contributors were SYS (129 points), LUCK (129 points), MTL (69 points), HUBC (68 points) and ENGRO (57 points). Meanwhile, scrip-wise negative contribution came from COLG (16 points), SRVI (9 points) and EFERT (6 points).

READ MORE: Pakistan stocks gain 505 points amid buying activity

Foreign selling continued this week, clocking-in at USD 15.55 million compared to a net sell of USD 4.12 million last week. Major selling was witnessed in Commercial Banks (USD 13.7 million) and Fertilizer (USD 0.6 million).

 On the local front, buying was reported by Banks/DFI’s (USD 15.7 million) followed by Individuals (USD 7.5 million). Average volumes clocked-in at 310 million shares (up by 116 per cent WoW) while average value traded settled at USD 44 million (up by 72 per cent WoW).

READ MORE: Equities gain 382 points amid easing political tensions

KARACHI: Pakistan stocks gained 223 points on Friday amid volatile trading owing to political unrest and depreciation of Pakistan Rupee (PKR).

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,152 points from previous day’s closing of 44,929 points, up by 223 points.

READ MORE: Pakistan stocks gain 591 points amid political unrest

Analysts at Arif Habib Limited said that the index opened in the red territory due to political unrest and further PKR devaluation against dollar.

Market remained volatile throughout the day. However, rally in UBL and MCB was witnessed due to expectation of foreign selling spree in banking sector getting over.

READ MORE: Pakistan equities shed 101 points on political uncertainty

Cement sector remained in the limelight due to decline in international coal prices. In the second session, value buying was witnessed which led the index to close in the green zone.

Analysts at Topline Securities said that KSE-100 Index opened on a negative note but soon came into positive zone as the day progressed, where the index gained to close at 45,152 level.

READ MORE: Pakistan stocks gain 505 points amid buying activity

This positivity in market can be attributed to no confidence voting against Prime Minister on Sunday in parliament, where investors expect ambiguity to end on political front post this event.

Sectors contributing to the performance include Banks (+125.7 points), Technology (+34.1 points), Fertilizer (+31.96 points), Auto Assemblers (+28.3 points) and Textile (+14.2 points).

READ MORE: Equities gain 382 points amid easing political tensions

Volumes decreased from 415.6 million shares to 389.1 million shares (-6.4 per cent DoD). Average traded value increased by 14.8 per cent to reach US$ 60.3 million as against US$ 52.6 million.

Stocks that contributed significantly to the volumes include TELE, TPLP, TREET, PAELR3 and GGL.

KARACHI: Pakistan stocks have gained 591 points on Thursday amid political uncertainty due to no-confidence motion against the prime minister.

The benchmark KSE-100 index of Pakistan Stock Exchange closed at 44,929 points as against previous day’s closing of 44,337, up by 591 points.

READ MORE: Pakistan equities shed 101 points on political uncertainty

Analysts at Arif Habib Limited said that the market witnessed positive momentum along with improved trading volumes today.

READ MORE: Pakistan stocks gain 505 points amid buying activity

The KSE-100 index stayed in green zone. As investors seems to be optimistic on ground of decline in international oil prices and expectation of upcoming good financial results in cement stocks. On the flip side activity remained healthy in 3rd tier stocks

Sectors contributing to the performance include Technology (+118.2 points), Fertilizer (+87.1 points), Banks (+67.7 points) and Cement (+41.0 points).

READ MORE: Equities gain 382 points amid easing political tensions

Volumes increased from 344.1 million shares to 415.6 million shares (+20.8 per cent DoD). Average traded value also increased by 24.4 per cent to reach US$ 52.7 million as against US$ 42.4 million.

Stocks that contributed significantly to the volumes are KEL, TREET, TELE, GGL, and AGL.

READ MORE: Weekly Review: political unrest may impact market

KARACHI: Pakistan equities lost 101 points on Wednesday due to rising political uncertainty and devaluation of local currency against dollar.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,338 points from previous day’s closing of 44,439 points, down by 101 points.

READ MORE: Pakistan stocks gain 505 points amid buying activity

Analysts at Arif Habib Limited said that the index stayed in the red territory during the day due to political unrest and further PKR devaluation against dollar.

Main board activity remained dull. On the flip-side, activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks.

READ MORE: Equities gain 382 points amid easing political tensions

The analysts at Topline Securities said that Pakistan equities closed negative where benchmark KSE-100 Index settled at 44,338 level (down 0.23 per cent).

Rising political uncertainty over no-confidence motion against prime minister led the market to open sideways where market made an intraday low of 463 points, however some recovery has been witnessed in second half of the session.

READ MORE: Weekly Review: political unrest may impact market

Sectors contributing to the performance include E&P’s (-47.2 points), Fertilizer (-23.9 points), OMC’s (-16.3 points) and Investment Banks (-10.9 points).

Volumes increased from 268.9 million shares to 344.1 million shares (+28.0 per cent DoD). Average traded value increased by 8.4 per cent to reach US$ 42.6 million as against US$ 39.3 million.

Stocks that contributed significantly to the volumes are KEL, GGL, WTL, PAELR3 and TREET.

READ MORE: Pakistan stocks gain 319 points amid volatile trading

KARACHI: Pakistan stocks have gained 505 points on Tuesday owing to across the board buying activity recorded during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,439 points from previous day’s closing of 43,934 points, showing a gain of 505 points.

READ MORE: Equities gain 382 points amid easing political tensions

Analysts at Arif Habib Limited said that another positive day witnessed at PSX today as KSE100 index remained in green zone throughout the day.

Investor participation in the market stayed healthy due to decline in international oil prices. Cement sector remained in the limelight due to decline in international coal prices. Across the board buying activity was observed.

READ MORE: Weekly Review: political unrest may impact market

Analysts at Topline Securities said that Pakistan equities closed on a positive note where benchmark KSE100 Index settled at 44,438 level (up 1.15 per cent). Decline in international commodities prices led the market to continue its yesterday’s positive momentum where market made an intraday high of 545 points.

READ MORE: Pakistan stocks gain 29 points amid dull trading

Sectors contributing to the performance include Cement (+88.4 points), Power (+70.0 points), OMC’s (+44.9 points), E&P (+39.1 points) and Automobile Assemblers (+35.9 points).

Volumes increased from 132.6 million shares to 268.9 million shares (+102.7 per cent DoD). Average traded value increased by 49.4 per cent to reach US$ 39.3 million as against US$ 26.3 million.

Stocks that contributed significantly to the volumes are PAELR3, WTL, GGL, KEL and TPLP.

READ MORE: Pakistan stocks gain 319 points amid volatile trading

KARACHI: Pakistan’s equities gained 382 points on Monday owing to ease in political tensions following reports suggested Prime Minister Imran Khan accepted demand of allies parties.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,933 points as against last Friday’s closing of 43,551 points, up by 382 points.

READ MORE: Weekly Review: political unrest may impact market

Analysts at Topline Securities said Pakistan equities closed on a positive note as benchmark KSE-100 Index settled at 43,933 Level.

Market opened sideways on the back of rising political conditions where market make an intraday low of 260 points.

READ MORE: Pakistan stocks gain 29 points amid dull trading

“However, market has witnessed recovery in the second half where media reporting PM Imran khan have given green signal to its allies demand for official appointments resultantly market make an intraday high of 382 points,” the analysts said.

Analysts at Arif Habib Limited said that the index stayed in the red territory during the first trading hour due to political unrest and further PKR devaluation against dollar.

READ MORE: Pakistan stocks gain 319 points amid volatile trading

Cement sector remained in the limelight due to price increase by another 15/bag in the south except Karachi. Main board activity remained dull.

On the flip-side, activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks. In the last trading hour, value buying was witnessed which led the index to close in the green zone.

READ MORE: Stocks witness range bound activity on rupee fall

Sectors contributing to the performance include Cement (+120.1 points), Commercial Banks (+50.4 points), Automobile Assembler (+48.0 points), E&P (+40.3 points) and Pharmaceuticals (+20.9 points).

Volumes decreased from 161.9 million shares to 132.6 million shares (-18.1 per cent DoD). Average traded value increased by 15.8 per cent to reach US$ 26.4 million as against US$ 22.8 million.

Stocks that contributed significantly to the volumes include TELE, WTL, KEL, GGL and TRG

KARACHI: The stock market is likely to trade in range bound owing to ongoing political uncertainty after a no-confidence motion moved against the prime minister.

Analysts at Arif Habib Limited said the market to remain range bound next week due to political unrest and the upcoming vote of no confidence.

READ MORE: Pakistan stocks gain 29 points amid dull trading

On the international front, any de-escalation in Russia-Ukraine tensions could propel a rebound in markets.

Market participants should also remain wary of high commodity prices, any indication of oil prices cooling down would also aid the sentiment in the local bourse.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 4.7x (2022) compared to Asia Pacific regional average of 12.4x while offering a dividend yield of 9.2 per cent versus 2.5 per cent offered by the region.

READ MORE: Pakistan stocks gain 319 points amid volatile trading

This week the market remained sluggish due to domestic political uncertainty and slow progress on the negotiation with the IMF.

Although the market gained some momentum amid 78 per cent MoM contraction in the current account during February 2022 coupled with a landmark agreement on the Reko Dig between the Federal government, Government of Baluchistan and Barrick Gold Corporation, this remained short lived.

READ MORE: Stocks witness range bound activity on rupee fall

Rising cut off rates in the treasury bills auction, signaling monetary tightening, as well as the rupee weakening to its historic low, crossing the 181/USD mark, kept the index range bound.

The market settled at 43,551 points, gaining 522 points (up by 1.2 per cent) WoW.

Sector-wise negative contributions came from i) Automobile Parts & Accessories (16 points), ii) Paper & Board (6.95 points), iii) Miscellaneous (6.29 points), iv) Oil & Gas Exploration (4.02 points), and v) Insurance (2.58 points).

READ MORE: Pakistan stocks up 200 points on Reko Diq deal renewal

Whereas, sectors which contributed positively were i) Fertilizer (160 points), ii) Cement (97 points) iii) Power Generation & Distribution (57 points), iv) Commercial Banks (56 points) and v) Chemical (47 points). Scrip-wise negative contributors were SYS (42 points), UBL (41 points), BAHL (25 points), THALL (16 points) and HMB (11 points). Meanwhile, scrip-wise positive contributions came from HBL (93 points), LUCK (84 points), FFC (72 points), TRG (64 points) and HUBC (52 points).

READ MORE: Weekly Review: political unrest to keep stocks under pressure

Foreign selling continued this week, clocking-in at USD 4.12 million compared to a net sell of USD 4.90 million last week. Major selling was witnessed in Banks (USD 5.9 million) and E&P’s (USD 0.8 million). On the local front, buying was reported by Mutual Funds (USD 5.3 million) followed by Individuals (USD 2.6 million).

Average volumes clocked-in at 143.7 million shares (down by 17.4 per cent WoW) while average value traded settled at USD 25.8 million (down by 1.5 per cent WoW).

KARACHI: Pakistan stocks gained 29 points as the market witnessed dull trading activities during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,551 points from previous day’s closing of 43,522 points, up by 29 points.

READ MORE: Pakistan stocks gain 319 points amid volatile trading

Analysts at Arif Habib Limited said another dull day witnessed at PSX today. In spite of prevailing political noise KSE-100 index managed to remain in green zone throughout the day.

Main board activity remained dull. On the flip-side, activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks. In the last trading hour, value buying was witnessed.

READ MORE: Stocks witness range bound activity on rupee fall

Analysts at Topline Securities said that range bound session was observed at the market today as the KSE-100 Index traded between an intraday high of 164 points and intraday low of 147 points to finally settle at 43,551 level.

Sectors contributing to the performance include Commercial Banks (+34.9 points), Fertilizer (+27.5 points), Automobile Assembler (+9.14 points) and Inv Banks (+6.12 points).

READ MORE: Pakistan stocks up 200 points on Reko Diq deal renewal

Volumes increased from 149.8 million shares to 161.9 million shares (+8.1 per cent DoD). Average traded value decreased by 26.5 per cent to reach US$ 22.8 million as against US$ 31.0 million.

Stocks that contributed significantly to the volumes include WTL, DSL, CENERGY, TELE AND PIBTL.

READ MORE: Weekly Review: political unrest to keep stocks under pressure