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Tag: Pakistan Stock Exchange

  • KSE-100 index ends down on profit increase in NSS

    KSE-100 index ends down on profit increase in NSS

    KARACHI: The KSE-100 index of Pakistan Stock Exchange (PSX) declined by 123 points on Friday amid an increase in the profit rate of National Saving Schemes (NSS).

    The KSE-100 index ended at 43,396 points from the previous day’s closing of 43,519 points.

    Analysts at Topline Securities said that the KSE-100 Index largely remained in the negative zone during the day to close at 43,396 level.

    This negativity in the market can be attributed to increase in National Saving Scheme in the range of 161 basis points to 240 basis points.

    Major contribution to the index came from NESTLE, TRG, FFC, MEBL and BAFL, as they cumulatively contributed 75 points to the index, whereas on the flip side SYS, BAHL, DAWH, HBL and UBL lost value to weigh down on the index by 108 points.

    Traded volume and value for the day were 179 million shares and Rs.6.73 billion, respectively. TRG was today`s volume leader with 14.6 million shares.

    KSE-100 index sheds 328 points on lockdown fears
  • KSE-100 index sheds 328 points on lockdown fears

    KSE-100 index sheds 328 points on lockdown fears

    KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) declined by 328 points on Thursday on fears of lockdown as Omicron cases emerged in the country.

    The KSE-100 index ended at 43,519 points from previous day’s closing of 43,847 points.

    Analysts at Topline Securities said that Pakistan equities started the day on a positive note initially but succumbed to selling pressure after made an intra-day high at 43,997 level in the early trading hours.

    Investors’ sentiment dampened on the news regarding Omicron cases emerged in the country, paving the way for another possible cycle of smart lockdowns in the effective areas.

    At one time, KSE 100 index made an intra-day low at 43,274 level before closing at 43,519 level.

    Cements, Banks & Technology sector witnessed profit taking today where LUCK, HBL, MEBL, DGKC, CHCC & AVN cumulatively lost 158 points while OGDC & PPL added 74 points collectively as investors are expecting a onetime heavy dividend in them.

    Total volume and value stood at 200 million shares and Rs. 8.75 billion, respectively. TRG was at top on the volume chart with 25.7 million shares traded in it, today.

    Stocks end down amid low volumes, lackluster trading
  • Stocks end down amid low volumes, lackluster trading

    Stocks end down amid low volumes, lackluster trading

    KARACHI: The Pakistan Stock Exchange (PSX) experienced a subdued trading day on Wednesday, with the benchmark KSE-100 index closing down by a marginal 7 points at 43,847 points, compared to the previous day’s close of 43,853 points.

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  • KSE-100 index gains 573 points on Omicron risk ease

    KSE-100 index gains 573 points on Omicron risk ease

    KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) gained 573 points on Tuesday as risk of Omicron reduced globally.

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  • Stocks gain 48 points amid lackluster trading

    Stocks gain 48 points amid lackluster trading

    KARACHI: The stocks have gained 48 points on Monday as lackluster trading activities prevailed during the day. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 43,281 points as against last Friday’s closing of 43,233 points.

    Analysts at Arif Habib Limited said that the market remained lackluster during the entire trading session, the bear remained active in the market today by pushing investors on the sideline in continuation to the concerns towards Current Account Deficit (CAD) and higher inflation along with an indication of higher interest rates in the upcoming monetary policy.

    READ MORE: July-Oct current account deficit widens to $5.08 billion

    The market opened on a positive note but activity remained sluggish during the day due to volatility in the index but managed to close positive at the day end. Selling pressure seems to subside at current levels and the market may witness good flows moving forward.

    Sectors contributing to the performance include E&P (+124 points), Technology (+83 points), Power (+26 points), Chemical (+10 points) and Cement (+8 points).

    Volumes decreased from 287.7 million shares to 176.9 million shares (-38.5 per cent DoD). Traded value also decreased by 40.8 per cent to reach US$ 34.5 million as against US$ 58.2 million.

    Stocks that contributed significantly to the volumes include WTL, TELE, TRG, UNITY and HASCOL.

    Stocks end flat amid bears rule over bulls
  • Weekly Review: market likely to stay rang-bound

    Weekly Review: market likely to stay rang-bound

    KARACHI: The stock market is likely to stay range-bound during the next week owing to the upcoming monetary policy decision and large trade deficit.

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  • Stocks end flat amid bears rule over bulls

    Stocks end flat amid bears rule over bulls

    KARACHI: Stocks ended flat and on Friday as bears rule over the bulls during the day due to alarming current account deficit.

    The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 43,233 points as against the previous day’s close of 43,234 points.

    Analysts at Arif Habib Limited said that the bears ruled over the bulls today due to concerns over an alarming number of current account deficit, devaluation of Pak rupee, and a big jump in cut-off yields of treasury bills indicating a hawkish stance in the upcoming monetary policy.

    Yesterday, a sharp downfall in the market occurred due to a sell-off by mutual funds which eventually created an attractive opportunity for value hunters.

    The market opened on a positive note as value hunters did aggressive buying in the first session.

    In the second session, across the board selling was witnessed as PKR closed at an all-time low of 176.77, down 0.2 per cent DoD.

    Moving forward, the analysts expect the market to remain volatile and recommend a cautious approach.

    Sectors contributing to the performance include Cement (-180 points), Technology (-63 points), Engineering (-35 points), Textile Composite (-31 points) and Refinery (-25 points).

    Volumes decreased from 386.8 million shares to 287.7 million shares (25.6 per cent DoD). Traded value also decreased by 26.9 per cent to reach US$ 58.1 million as against US$ 79.6 million.

    Stocks that contributed significantly to the volumes include WTL, TPLP, BYCO, UNITY and TRG.

    Pakistan stock exchange crashes; ends down 4.71%
  • Pakistan stock exchange crashes; ends down 4.71%

    Pakistan stock exchange crashes; ends down 4.71%

    KARACHI: The Pakistan Stock Exchange (PSX) faced a severe downturn on Thursday, with the benchmark KSE-100 index plummeting by 2,135 points in response to unfavorable reports on the fiscal front.

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  • Share market up by 297 points as trading seen in banks

    Share market up by 297 points as trading seen in banks

    KARACHI: The share market witnessed an increase of 297 points on Wednesday due to trading activity seen in the banking sector following an unexpected rise in inflation.

    The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 45,369 points as against the previous day’s closing of 45,072 points.

    Analysts at Arif Habib Limited said that the KSE-100 index stayed in the green zone throughout the day as the market celebrated the transition from emerging to frontier market.

    The index opened with a bullish momentum as traders took an aggressive bet on cement, steel, and technology stocks.

    Later, accumulation was witnessed in the banking sector as CPI for the month of November 2021 clocked in at 11.53 per cent YoY (+3 per cent MoM), the highest inflation in 21 months influenced by a record hike in fuel prices.

    In the last trading hour, a sharp upside was witnessed as short-sellers jumped into square-off trading positions.

    Sectors contributing to the performance include Cement (+113 points), Commercial Banks (+85 points), Fertilizer (+32 points), E&P (+20 points) and Power (+16 points).

    Volumes decreased from 411.5 million shares to 241.1 million shares (-41.4 per cent DoD). Traded value also decreased by 73.5 per cent to reach US$ 52.6 million as against US$ 198.4 million.

    Stocks that contributed significantly to the volumes include FFL, FFLR1, TPLP, MLCF and TRG.

    Shares fall 258 points amid hefty volumes
  • Shares fall 258 points amid hefty volumes

    Shares fall 258 points amid hefty volumes

    KARACHI: Shares at Pakistan Stock Exchange (PSX) witnessed a decline of 258 points on Tuesday amid hefty volumes. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 45,072 points as against the previous day’s closing of 45,330 points.

    Analysts at Arif Habib Limited said that on the MSCI rebalancing day, the KSE-100 index witnessed a volatile session as it made a dicey move of more than 1,000 points, making a close above 45,000 points benchmark.

    The E&P sector stayed in the limelight as the government is considering a scheme to reduce the stock of the circular debt by declaring dividends for the shareholders of energy sector companies.

    In the last two trading hours, Institutional investors accumulated across the board as it was the last opportunity to catch foreign selling spree due to the transition from emerging to frontier market. Mainboard stocks witnessed hefty volumes today.

    Sectors contributing to the performance include Commercial Banks (-160 points), Fertilizer (-78 points), Inv. Banks (-18.3 points), FMCG (-16.2 points) and Textile Composite (-12.8 points).

    Volumes increased from 268.2 million shares to 411.5 million shares (+53.4 per cent DoD). Traded value increased by 219.4 per cent to reach US$ 198.2 million as against US$ 52.0 million.

    Stocks that contributed significantly to the volumes include HBL, FNEL, UBL, TRG and MCB.

    Stocks climb up by 1,216 points on Saudi support