Tag: Pakistan Stock Exchange

KARACHI: Pakistan stocks lost 289 points on Wednesday owing to major hike in global commodity prices. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 44,514 points as compared with previous day’s closing of 44,803 points.

Analysts at Arif Habib Limited said that the market witnessed another bearish session due to major hike in global commodity prices.

READ MORE: Stocks stay bullish on major relief package

Cement sector took a major correction today due to spike in international coal prices, whereas good participation was observed in E&P and OMC stocks as international oil prices made a record high at $111.47.

Healthy participation was observed during the day, as value investors accumulated blue chip stocks across the board.

READ MORE: Stocks gain 477 points amid negative sentiments

Analysts at Topline Securities said that Pakistan equities closed red where benchmark KSE-100 Index settled at 44,514 level.

Higher international commodity prices and rising geopolitical tensions led the market to open sideways as market make an intraday low of 669 points.

READ MORE: Pakistan Stocks gain 154 points, follow global markets

However in last hour witnessed some recovery where TRG, POL, OGDC and PPL closed higher where on the other hand LUCK, ENGRO and SYS were the major laggards.

Traded volume and value for the day decreased by 24 per cent and 10 per cent on a DoD basis to 234.7 million shares and Rs9.33 billion, respectively. TRG was today`s volume leader with 21.92 million shares exchanging hands.

READ MORE: Pakistan stocks shed 1,302 points on Russia-Ukraine war

KARACHI: Pakistan’s stocks gained 343 points on Tuesday owing to major relief package announced by Prime Minister Imran Khan a day earlier.

The benchmark KSE-100 index of Pakistan closed at 44,804 points as against previous day’s closing of 44,461 points, showing an increase of 343 points.

READ MORE: Stocks gain 477 points amid negative sentiments

Analysts at Arif Habib Limited said that the market stayed in the bullish zone throughout the day due to relief package worth 0.54 per cent of the GDP announced by the prime minister.

The relief package for the masses to curb the impact of inflation and enhance support to the most vulnerable class of the society for the next four months till budget.

READ MORE: Pakistan Stocks gain 154 points, follow global markets

Moreover, headline inflation for month of February 2022 clocked-in at 12.24 per cent YoY compared to 8.70 per cent in February 2021 and 12.96 per cent in January 2022, respectively.

The YoY uptick in consumer price index (CPI) was led by Food (14.73 per cent YoY), Transport (25.04 per cent YoY), Housing (8.99 per cent YoY), Clothing & Footwear (9.67 per cent YoY), Miscellaneous (10.07 per cent YoY), Restaurants (14.39 per cent YoY), House Hold Equipment (13.44 per cent YoY), Health (10.11 per cent YoY) and Alcoholic Beverages & Tobacco (2.13 per cent YoY).

READ MORE: Pakistan stocks shed 1,302 points on Russia-Ukraine war

On a MoM basis, CPI reading increased by 1.15 per cent. While Food and Transport index kept MoM inflation up, housing index declined by 1.56 per cent MoM mainly due to decrease in electricity charges.

Sectors contributing to the performance include E&P (+145.8 points), Technology (+100.6 points), Chemicals (+34.7 points), Power (+20.6 points) and Banks (+16.1 points).

READ MORE: Equity market gains 121 points in volatile trading

Volumes increased from 208.1 million shares to 309.3 million shares (+48.6 per cent DoD). Traded value also increased by 72.3 per cent to reach US$ 58.9 million as against US$ 34.2 million.

Stocks that contributed significantly to the volumes include WTL, TRG, TELE, TPLP and TPL.

KARACHI: Pakistan stocks gained 477 points on Monday amid negative sentiments prevailed over rising political noise on Russia-Ukraine war.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 44,461 points as compared with Friday’s closing of 43,984 points, making a gain of 477 points.

READ MORE: Weekly Review: range bound trading likely

Analysts at Topline Securities said that the market opened on a negative note on the backdrop of ongoing conflict between Russia and Ukraine and increased political noise, as the index declined to make an intraday low of -339 points (down by 0.77 per cent).

However some recovery was observed in latter hours of trade, as value investors came in to accumulate near 44,000 index level, as a result index gained to close at 44,461 level (+477 points; up by 1.08 per cent)

On the corporate announcement front, SEARL disclosed it 2QFY22 earnings where company posted an EPS of Rs. 2.6 (down 6 per cent YoY). The result was higher than expectation due to higher than anticipated other income.

READ MORE: Pakistan Stocks gain 154 points, follow global markets

Bank, Cement, Fertilizer and Power sectors’ stocks took the lead today where MEBL, LUCK, ENGRO and HUBC cumulatively added 164 points to the index. On the flip side, COLG, NBP and TRG lost value to weigh down on the index by 36 points.

Traded volume and value for the day stood at 208 million shares and Rs.6 billion respectively. AGL was today`s volume leader with 15.7 million shares.

According to the analysts the KSE-100 Index declined by 2 per cent on MoM basis, month of February started on a positive note for the market on account of good corporate announcement and resumption in IMF program, where investor`s felt that corrective economic measures will be taken in line with IMF conditions.

READ MORE: Pakistan stocks shed 1,302 points on Russia-Ukraine war

However, market came under pressure in line with international markets on the back of confrontation between Russia and Ukraine, which has now escalated to armed conflict, where Russia has attached Ukraine, resulting in sanctions from US and other western countries.

This armed conflict in East Europe has triggered increased in commodity prices (crude oil, coal etc.), raising investors` concern with respect to current account deficit and inflation going forward. Investors participation in market reduced during the month, as average traded volume and value for the month of February stood at 226.8 million shares (down by 14 per cent MoM) and Rs.7.3 billion (down by 12 per cent MoM) respectively.

READ MORE: Equity market gains 121 points in volatile trading

Major events during the month of February-21 were C/A deficit clocking in at US$2.6 billion (posting highest ever monthly deficit), taking 7MFY22 Current Account Deficit to US$11.6 billion and MSCI Quarterly Index Review, in which there was no change in constituents for Pakistan; MSCI announced that Pakistan is now eligible for MSCI FM 100 index and MSCI FM 15 per cent Country Capped Index as part of the May 2022 Semi-Annual Index Review (SAIR).

KARACHI: The stock market likely to stay range bound during next week due to geopolitical situation after Russia-Ukraine tensions.

Analysts at Arif Habib Limited said that any de-escalation in Russia-Ukraine tensions could propel a rebound in global markets.

Until geopolitical dust settles, we expect range bound activity to prevail in the market.

READ MORE: Pakistan Stocks gain 154 points, follow global markets

The market participants also remain wary of high commodity prices so any indication of oil prices cooling down would also the aid the sentiment in the local bourse.

Keeping in view the ongoing result season, certain sectors and scrips are expected to stay under limelight.

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 13.5x while offering a dividend yield of 8.9 per cent versus 2.4 per cent offered by the region.

READ MORE: Pakistan stocks shed 1,302 points on Russia-Ukraine war

In the week commencing February 21, 2022, KSE-100 index remained in the red zone slashing 313 points, mainly owing to investor concern over geopolitical tensions between Russia and Ukraine, which tossed global crude oil prices to above USD 100/bbl.

Other concerns such as the FATF’s decision together with selling spree during the ongoing roll over week, also kept the index under pressure.

Moreover, announcement of incentives worth Rs 1 billion for the IT sector triggered buying mid-week, albeit, the positive momentum could not sustain for long as the market plummeted over the noise of Russia’s military attack on Ukraine.

READ MORE: Equity market gains 121 points in volatile trading

The market closed at 43,984 points, shedding 1,692points (down by 3.7 per cent) WoW.

Sector-wise negative contributions came from i) Technology & Communication (342 points), ii) Commercial Banks (243 points), iii) Cement (222 points), iv) Oil & Gas Exploration Companies (146 points), and v) Fertilizer (127 points).

Whereas, sectors which contributed positively were i) Automobile Assembler (18 points), ii) Real Estate Investment Trust (10 points) and iii) Tobacco (9 points). Scrip-wise negative contributors were TRG (201 points), LUCK (133 points), SYS (109 points), HBL (100 points) and PPL (76 points). Meanwhile, scrip-wise positive contribution came from UBL (46 points), MTL (23 points) and HMB (16 points).

READ MORE: Stocks plunge 351 points on high international oil prices

Foreign selling continued this week, clocking-in at USD 3.2 million compared to a net sell of USD 1.97 million last week. Major selling was witnessed in Cement (USD 2.1 million) and Technology (USD 1.7 million).

On the local front, buying was reported by Banks (USD 0.6 million) followed by All other sectors (USD 0.5 million). Average volumes clocked-in at 229 million shares (up by 20 per cent WoW) while average value traded settled at USD 38 million (up by 29 per cent WoW).

READ MORE: Equities shed 313 points in lackluster trading

KARACHI: Pakistan stocks gained 154 points on Friday after following the global markets traded in positive zone.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 43,984 points as compared with previous day’s closing of 43,830 points, showing an increase of 154 points.

READ MORE: Pakistan stocks shed 1,302 points on Russia-Ukraine war

Analysts at Topline Securities said that in line with International markets KSE-100 Index traded in positive zone for the most part of trading session.

Major contribution to the index came from FFC, MEBL, ENGRO, PAKT and UNITY, as they cumulatively contributed 114 points to the index.

READ MORE: Equity market gains 121 points in volatile trading

On the flip side NBP, PPL, TRG, OGDC and MCB lost value to weigh down on the index by 107 points.

Traded volume and value for the day stood at 241 million shares (down by 31 per cent DoD) and Rs.6.73 billion (down by 23 per cent DoD) respectively.

READ MORE: Stocks plunge 351 points on high international oil prices

WTL was today`s volume leader with 33 million shares. INDU in automobile sector declared its 2QFY22 result announcement in which posted EPS of Rs.60.43 and interim DPS of Rs.30, which was in line with industry expectation.

PPL in the E&P sector also declared its 2QFY22 result in which posted PPL EPS of 5.41 and interim DPS of Rs.1.5, which was lower than industry estimate due to higher share of losses from associates.

READ MORE: Equities shed 313 points in lackluster trading

KARACHI: Pakistan stocks fell by 1,302 points on Thursday owing to war of aggression between Ukraine and Russia.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 43,831 points from previous day’s closing of 45,133 points, showing a decline of 1,302 points.

READ MORE: Equity market gains 121 points in volatile trading

Analysts at Topline Securities said that Pakistan equities witnessed blood bath today as benchmark KSE-100 Index settled at 43,831 level (down 2.89 per cent).

Anticipation of “War of aggression” between Ukraine and Russia led the market to open sideways where market make an intraday low of 1,341 points.

READ MORE: Stocks plunge 351 points on high international oil prices

Major negativity in today’s trading session came from HBL, LUCK, SYS, TRG and ENGRO cumulatively dented the Index by 381 points.

On the results front, HBL announced its 4Q2021 earnings per share at Rs5.7 along with dividend par share – Rs2.25.

READ MORE: Equities shed 313 points in lackluster trading

Traded volume and value for the day increased by 87 per cent and 28 per cent on a DoD basis to 349 million shares and Rs8.74 billion, respectively. FLYNGR1 was today`s volume leader with 38.41 million shares exchanging hands.

READ MORE: Weekly Review: positive sentiments likely on PM Moscow visit

KARACHI: Pakistan equity market gained 121 points on Wednesday in a volatile trading during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,133 points as against previous day’s closing of 45,012 points, showing an increase of 1201 points.

READ MORE: Stocks plunge 351 points on high international oil prices

Analysts at Arif Habib Limited said that the market remained volatile today due to political unrest and higher commodity prices.

Cement sector remained under pressure due to higher international coal prices.

READ MORE: Equities shed 313 points in lackluster trading

In banking sector, UBL remained in the limelight due to announcement of tremendous financial result beating market expectations.

In the last trading hour, value hunting was observed which led the recovery in the market. Activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks.

READ MORE: Weekly Review: positive sentiments likely on PM Moscow visit

Sectors contributing to the performance include Cement (+69.3 points), Banks (+48.0 points), Automobile Assembler (+19.1 points), Tobacco (+11.6 points) and Technology (+11.4 points).

Volumes decreased from 227.2 million shares to 186.4 million shares (-18.0 per cent DoD). Traded value also decreased by 10.8 per cent to reach US$ 38.6 million as against US$ 43.3 million.

Stocks that contributed significantly to the volumes include BOP, TELE, WTL, MLCF and TPLP.

READ MORE: Stocks gain 235 points on declining crude oil prices

KARACHI: Pakistan’s stocks plunged by 351 points on Tuesday due to surge in international oil prices.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,012 points as against 45,363 points, showing a decrease of 351 points.

Analysts at Arif Habib Limited said that the market remained under pressure today due to mounting international oil prices.

READ MORE: Equities shed 313 points in lackluster trading

New York’s West Texas Intermediate crude contract rose more than three percent on Tuesday as Russian President Vladimir Putin deployed troops to separatist areas of Ukraine.

Selling was witnessed throughout the day mainly in the tech and cement stocks, which led the market to stay in the red zone.

READ MORE: Weekly Review: positive sentiments likely on PM Moscow visit

In the last trading hour, value hunting was observed which led to recovery in the market.

Activity continued to remain side-ways as market witnessed hefty volumes in the 3rd tier stocks.

Sectors contributing to the performance include technology (-124.2 points), Cement (-54.1 points), Fertilizer (-40.5 points), Power (-38.3 points) and OMC’S (-20.7 points).

READ MORE: Stocks gain 235 points on declining crude oil prices

Volumes increased from 137.7 million shares to 227.2 million shares (+65.0 per cent DoD). Traded value also increased by 111.1 per cent to reach $ 43.3 million as against $ 20.5 million.

Stocks that contributed significantly to the volumes include WTL, BOP, TELE, TRG and TPLP.

READ MORE: Stocks end down by 244 points on corporate results

KARACHI: Pakistan equities lost 313 points on Monday owing to lackluster trading activity during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 45,363 points from last Friday’s closing of 45,676 points, showing a decline of 313 points.

READ MORE: Weekly Review: positive sentiments likely on PM Moscow visit

Analysts at Topline Securities said that Pakistan equities started the week with lackluster activity.

During trading hours, the KSE-100 index lingered in a negative zone most of the day because of dismal investors’ sentiment.

During the day, the KSE 100 index made an intraday low at 45,342 level (-334 points; down 0.74 per cent) and eventually settled at 45,363 level (-313 points; down 0.69 per cent) for the day.

READ MORE: Stocks gain 235 points on declining crude oil prices

On corporate announcement front, Meezan Bank Limited disclosed its year 2021 result where the bank posted earnings of Rs. 17.35, an improvement of 26 per cent over YoY, along with the final cash dividend of Rs. 1.50, making total cash payout of Rs. 6 for the calendar year. The aforesaid result was better than expectation due to higher than anticipated Net Spread Earned and Fee Commission Income.

READ MORE: Stocks end down by 244 points on corporate results

In addition to this, Nishat Mills Limited (NML) also declared its half yearly 2021/2022 accounts where earning per shares (EPS) clocked in at Rs. 15.9 an improvement of 216 per cent YoY. The company didn’t announced any payout with the result.

Bank, Tech, Cement and E&P sectors’ stocks saw some selling today where MEBL, TRG, LUCK and MARI contributed negatively by losing 97 points. On the flip side, BAHL, DCR and FATIMA added 20 points collectively, today.

READ MORE: Stocks shed 47 points on inflation concerns

About 138 million shares traded today while total value clocked in at Rs. 3.6 billion. WTL was volume leader of the day with 19.1 million shares traded in it, today.

KARACHI: Pakistan’s stocks likely to stay positive during next week owing to scheduled visit of Prime Minister Imran Khan to Moscow, Russia.

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

PM Khan is expected to visit Moscow in the next week, with agenda of two mega gas pipeline projects in order to cater depleting gas reserves.

READ MORE: Stocks gain 235 points on declining crude oil prices

Signing of a commercial agreement during this visit will be a key catalyst. Keeping in view the ongoing result season, certain sectors and scrips are expected to stay under limelight.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 5.1x (2022) compared to Asia Pac regional average of 13.9x while offering a dividend yield of 8.6 per cent versus 2.3 per cent offered by the region

The market commenced on a negative note this week on the back of tensions over possible war between Russia and Ukraine (which shot up international oil prices) tagged with prevailing political situation in the country.

READ MORE: Stocks end down by 244 points on corporate results

Albeit, the market took some respite after news of Russian troops’ withdrawal from Ukraine’s border made the rounds. However, market sentiment remained subdued throughout the week owed to an increase in local petroleum prices which raised concerns over inflation.

Furthermore, the massive jump in trade deficit by 93 per cent YoY in 7MFY22 fuelled the negative sentiment.

Moreover, below expectation financial result of certain scrips further deteriorated the momentum. Whereas, passing of Oil and Gas Regulatory Authority (Amendment) Bill, 2022 and Weighted Average Cost of Gas (WACOG) Bill by Senate kept gas utilities and certain scrips of OMCs and E&Ps in the limelight, cushioning the overall dip. The market closed at 45,676 points, losing 403points (down by 0.9 per cent) WoW.

READ MORE: Stocks shed 47 points on inflation concerns

Sector-wise negative contributions came from i) Commercial Banks (88 points), ii) Fertilizers (68 points), iii) Power Generation & Distribution (66 points), iv) Technology & Communication (39 points), and v) Cement (37 points). Whereas, sectors which contributed positively were i) Automobile Assembler (9 points), ii) Chemical (9 points) and iii) Oil & Gas Exploration (5 points). Scrip-wise negative contributors were HUBC (67 points), ENGRO (62 points), MEBL (36 points), SYS (35 points) and DAWH (34 points). Meanwhile, scrip-wise positive contribution came from EFERT (55 points), SNGP (24 points) and MTL (22 points).

READ MORE: KSE-100 index gains 88 points in range-bound trading

Foreign selling continued this week, clocking-in at $1.97 million compared to a net sell of $5.9 million last week. Major selling was witnessed in Technology ($1.5 million) and Commercial Banks ($0.5 million). On the local front, buying was reported by Banks ($4.9 million) followed by Individuals ($2.4 million). Average volumes clocked-in at 191 million shares (down by 8 per cent WoW) while average value traded settled at $30 million (down by 36 per cent WoW).