Tag: Pakistan Stock Exchange

KARACHI: The stock market made a gain of 72 points on Monday in a mixed trading activity.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 47,270 points as against last Friday’s closing of 47,198 points, showing an increase of 72 points.

Analysts at Arif Habib Limited said that the market consolidated the gains made in the previous sessions with profit booking in technology, cement, steel and refinery sectors, whereas the index got some support from banks and power sector.

Technology sector saw selling pressure that brought AVN and other tech stocks down, despite hitting a historic IPO of Octopus Digital in the previous week.

Among scrips, BYCO topped the volumes with 44.9 million shares, followed by SERFR (42.1 million) and TPLP (41 million).

Sectors contributing to the performance include Banks (+85 points), E&P (+21 points), Power (+20 points), Pharma (+16 points), Technology (-44 points) and Cement (-17 points).

Volumes declined from 427.4 million shares to 395.8 million shares (-8 per cent DoD). Average traded value also declined by 11 per cent to reach US$ 96.3 million as against US$108.1 million.

Stocks that contributed significantly to the volumes include BYCO, SERFR, TPLP, TELE and TPL, which formed 45 per cent of total volumes.

Stocks that contributed positively to the index include UBL (+66 points), HBL (+33 points), AGP (+20 points), COLG (+18 points) and HUBC (+18 points). Stocks that contributed negatively include TRG (-36 points), MEBL (-35 points), BAHL (-14 points), PIOC (-8 points) and MLCF (-8 points).

KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) gained 573 points on Friday. The index gained owing to positive sentiments prevailed during the day.

Analysts at Topline Securities said that a positive session was observed at the exchange, as the index gained to close 1.23 per cent higher.

A major contribution to the index came from MEBL, TRG, LUCK, SYS and PSEL, as they cumulatively contributed 345 points to the index.

Traded volume and value for the day stood at 427 million shares and Rs.18.1 billion respectively.

ANL was today`s volume leader with 40 million shares.

KARACHI: The stock market gained 228 points on Thursday after a downward adjustment witnessed yesterday.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 46,625 points as against previous day’s closing of 46,397 points.

Analysts at Arif Habib Limited said that the market moved up today after downward adjustment witnessed yesterday in the outcome of MSCI reclassification of Pakistan from Emerging market to Frontier market.

Technology, Cement, O&GMCs, Fertilizer sector stocks performed well. Steel and Refinery sectors remained laggard today.

Octopus Digital scored high on the first day of its IPO, where the target quantity was met in the first 24 mins after opening of bidding session, whereas the total bid size against issue size of 27.35 million shares crossed 6x on the first day.

This helped AVN hit upper circuit, which is the parent company of Octopus digital. Among scrips, GGL traded the most with 56.6 million shares, followed by TELE (41.1 million) and WTL (20.3 million).

Sectors contributing to the performance include Technology (+58 points), Banks (+49 points), Misc (+38 points), Fertilizer (+36 points), and E&P (+31 points).

Volumes declined from 477.8 million shares to 396.4 million shares (-17 per cent DoD). Average traded value however, increased by USD 98.6 million as against USD 87.6 million.

Stocks that contributed significantly to the volumes include GGL, TELE, WTL, TPL and SERFR, which formed 38 per cent of total volumes.

Stocks that contributed positively to the index include PSEL (+43 points), TRG (+34 points), MEBL (+32 points), SYS (+28 points) and ENGRO (+24 points). Stocks that contributed negatively include LUCK (-42 points), HBL (-18 points), PAKT (-8 points), CHCC (-7 points) and PSX (-5 points).

KARACHI: The stock market fell by 333 points on Wednesday as MSCI in its verdict decided to downgrade Pakistan from Emerging Markets to Frontier Market.

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) ended at 46,397 points from the previous day’s closing of 46,730 points.

Analysts at Topline Securities said that after a slightly positive opening benchmark KSE-100 Index came under pressure as MSCI in its verdict has decided to downgrade Pakistan from Emerging Markets to Frontier Market which led the market to make an intraday low of 402 points.

Major stock negativity was witnessed from LUCK, ENGRO and OGDC which collectively dented the Index by 171 points.

On the volume and value front, the total traded volume and value clocked in at 477.7 million shares and Rs14.6 billion, respectively.

TPL was today`s volume leader with 39.04 million shares.

KARACHI: The share market fell by 188 points on Tuesday a brink of an important MSCI decision regarding reclassification of Pakistan from Emerging Market Index to Frontier markets Index.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 46,730 points as against the previous day’s close of 46,919 points, showing a decline of 188 points.

Analysts at Arif Habib Limited said that at the brink of an important MSCI decision regarding reclassification of Pakistan from Emerging Market Index to Frontier markets Index, the KSE-100 benchmark index lost 300 points in total and closed the session -188 points.

Vibes were negative due to continuous selling from foreign counters in cement and banking sector stocks due to MSCI reclassification and otherwise depreciating rupee against USD that makes holding PK stocks a costly affair.

Local investors have lately been absorbing negative foreign flows in a gradual and cautious manner. TPL topped the volumes today with 41.8 million shares, followed by KOSM (33.7 million) and PIAA (29.8 million).

Sectors contributing to the performance include Cement (-75 points), E&P (-39 points), Autos (-29 points), O&GMCs (-23 points) and Chemical (-21 points).

Volumes increased slightly from 417.8 million shares to 423.8 million shares (+1 percent DoD). The average traded value declined by 6 percent to reach US$ 67.3 million as against US$ 71.7 million.

Stocks that contributed significantly to the volumes include TPL, KOSM, PIAA, WTL, and BYCO, which formed 37 percent of total volumes.

Stocks that contributed positively to the index include NESTLE (+23 points), HMB (+17 points), MEBL (+14 points), PKGS (+12 points) and IGIHL (+10 points). Stocks that contributed negatively include LUCK (-39 points), TRG (-19 points), HBL (-15 points), OGDC (-14 points) and PSO (-13 points).

KARACHI: The stock market fell by 39 points on Monday in lackluster trading activity during the day. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 46,918 points from last Friday’s closing of 46,957 points.

Analysts at Topline Securities said that a lackluster session was observed at the bourse during the day.

To note, concerns regarding a ballooning trade deficit number coupled with a potential reclassification of Pakistan from the MSCI Emerging Market Index to the MSCI Frontier Market Index kept the investors at bay.

On the results front, FCCL announced its FY21 EPS of 2.52 as compared to an LPS of (0.04) in the corresponding period last year. However, the stock succumbed to selling pressure as investors seemed disappointed over no payout after which the stock closed at Rs19.50 (down 2.69 per cent).

Volumes continued to remain depressed as the total volume for the KSE 100 Index clocked in at 94.25 million shares while the total turnover in the KSE All Share Index was recorded at 416.15 million shares.

The volume leader in today’s session was TPL with 59.66 million shares exchanging hands.

KARACHI: The stock market is likely to witness range-bound activities during next week. The analysts said that the current account deficit may be a major concern for the investors.

The analysts at Arif Habib Limited said that the concerns persist over how manageable the deficit on the current account may be.

However, the IMF review may note some positive progress especially on the back of impressive recent tax numbers for July-August (23 percent higher than the target).

The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) is currently trading at a PER of 5.9x (2021) compared to the Asia Pac regional average of 14.5x while offering a dividend yield of 7.0 percent versus 2.2 percent offered by the region.

The domestic bourse closed in red this week primarily on account of augmenting concerns on the external account. As per media reports, imports clocked in at PKR 6.3bn for Aug’21 taking the trade deficit to Rs4 billion, which is the highest ever for a single month. The local currency has continued to slide downwards with the PKR/USD settling at 166.9. Meanwhile, the cement sector has also seen pressure this week with coal prices continuing to soar. The index closed at 46,957 points, down 179 points WoW.

Sector-wise negative contributions came from i) Commercial Banks (301 points), ii) Cement (100 points), iii) Automobile Assembler (77 points), iv) Textile composite (20 points), and v) Oil & Gas Marketing Companies (19 points).

Whereas sectors which contributed positively were i) Technology & Communication (176 points), ii) Power Generation & Distribution (77 points) and iii) Refinery (51 points). Scrip-wise negative contributors were HBL (105 points), MEBL (80 points), UBL (63 points), MCB (48 points) and MLCF (24 points). Meanwhile, scrip-wise positive contributions came from SYS (141 points), HUBC (82 points), and TRG (33 points).

Foreign selling continued this week, settling at USD 5.9 million against a net sell of USD 5.4 million last week. Selling was witnessed in Commercial Banks (USD 4.3 million), Cement (USD 1.3 million), and Exploration and Production (USD 0.8 million).

On the domestic front, major buying was reported by Individuals (USD 5.1 million) and Insurance Companies (USD 4.0 million).

Average volumes clocked in at 462 million shares (up by 20 percent WoW) while average value traded settled at USD 83 million (up by 5 percent WoW).