Tag: Pakistan Stock Exchange

KARACHI: The Pakistan Stock Exchange (PSX) on Thursday witnessed selling and lost around 363 points. But it recovered by end of the day.

The benchmark KSE-100 index closed at 47,312 points as against previous day’s close of 47,318 points, showing a decline of 6 points.

Analysts at Arif Habib Limited said that the market lost another 363 points during the session today, however, covered a lot of ground and ended the session -6 points.

Banks, E&P, Cement, Power and Technology sectors saw selling pressure on the concern of lockdown as well as rollover positions, whereby investors preferred selling in ready market and bought futures.

LUCK saw abrupt movement where the stock price remained depressed the entire session, moved up in the half closing hour and saw a major sell-off in the closing minute to end at the lowest price of the session.

Among scrips, WTL led the volumes with 49.5 million shares, followed by BYCO (47.1 million) and UNITY (16.1 million).

Sectors contributing to the performance include Banks (-40 points), Chemical (+19 points), Refinery (+12 points), Autos (+12 points), Fertilizer (+12 points) and Inv Banks (+11 points).

Volumes increased from 365.7 million shares to 376.4 million shares (+3 per cent DoD). Average traded value declined slightly by 0.4 per cent to reach US$ 75.7 million as against US$ 75.8 million.

Stocks that contributed significantly to the volumes include WTL, BYCO, UNITY, FFBL and HUMNL, which formed 36 per cent of total volumes.

Stocks that contributed positively to the index include THALL (+13 points), EFERT (+12 points), LUCK (+11 points), DAWH (+9 points) and ICI (+8 points). Stocks that contributed negatively include HBL (-32 points), UBL (-9 points), HCAR (-9 points), ANL (-6 points) and PSMC (-5 points).

KARACHI: Pakistan Stock Exchange (PSX) tumbled on Wednesday over growing concerns related to COVID lockdown.

The market also fell on probe by regulator for unusual price movement in certain stocks.

The benchmark KSE-100 index closed at 47,318 points as against 47,687 points, showing a decline of 369 points.

Analysts at Arif Habib Limited said that the market tumbled in later part of the session today, which brought the index down by more than 400 points and closed the session -369 points.

Concerns over latest COVID lockdown and probe by the regulator on account of unusual price movement in certain stocks brought the market under selling pressure and became the major reasons for sentiment weakness.

Earlier part of the session saw institutional investors building positions in Cement and Steel sectors that caused the pertinent scrips to show healthy price uptick, however, later activity in the market brought the stock prices down.

Among scrips, WTL topped the volumes with 40.4 million shares, followed by BYCO (26.8 million) and TELE (13.2 million).

Sectors contributing to the performance include Technology (-90 points), Cement (-42 points), Refinery (-33 points), Banks (-31 points) and E&P (-30 points).

Volumes increased from 432.6 million shares to 365.8 million shares (-16 per cent DoD). Average traded value also dipped by 12 per cent to reach US$ 76.0 million as against US$ 85.9 million.

Stocks that contributed significantly to the volumes include WTL, BYCO, TELE, UNITY and KEL, which formed 29 per cent of total volumes.

Stocks that contributed positively to the index include KTML (+24 points), MEBL (+14 points), COLG (+14 points), PAKT (+4 points) and DAWH (+4 points). Stocks that contributed negatively include TRG (-73 points), UNITY (-25 points), NRL (-17 points), HUBC (-16 points) and LUCK (-16 points).

KARACHI: Pakistan Stock Exchange (PSX) made a marginal gain on Tuesday while trading in narrow range. The benchmark KSE-100 Index closed at 47,687 points as against previous day’s closing of 47,673 points, showing an increase of 14 points.

Analysts at Arif Habib Limited said that the market traded narrow range today, oscillating between -56 points and +237 points.

The investors were anticipating monetary tightening. Resultantly, Banking sector stocks moved up, particularly MCB, HBL and UBL.

Technology sector on the other hand saw profit booking after making an uptick in the past couple of sessions. Similar activity was witnessed in Textile sector. Cement, O&GMCs and E&P sectors saw selling activity that brought the prices below LDCPs. Among scrips, WTL led the table with 36.6 million shares, followed by BYCO (34.2 million) and KASBM (17.8 million).

Sectors contributing to the performance include Banks (+119 points), Textile (+40 points), Fertilizer (+29 points), O&GMCs (-43 points), Inv Banks (-35 points) and Cement (-32 points).

Volumes declined from 450.2 million shares to 432.6 million shares (-4 per cent DoD). Average traded value increased by 3 per cent to reach US$ 86.3 million as against US$ 84.2 million.

Stocks that contributed significantly to the volumes include WTL, BYCO, KASBM, TPL and ASC, which formed 28 per cent of total volumes.

Stocks that contributed positively to the index include HBL (+44 points), KTML (+30 points), SYS (+30 points), UBL (+27 points) and MCB (+25 points). Stocks that contributed negatively include DAWH (-37 points), PSO (-27 points), TRG (-22 points), NRL (-14 points) and COLG (-12 points).

KARACHI: The Pakistan Stock Exchange (PSX) ended down by 120 points on Monday. The benchmark KSE-100 closed at 47,673 points as against last Friday’s closing of 47,793 points.

Analysts at Topline Research said that the index opened the day in the positive territory. Initially it reached to an intra-day high of 47,930 points.

But it succumbed to selling pressure for the rest of the day. It closed near its intra-day low of 47,606 points.

The start of the futures roll over week, with an outstanding open position of Rs28.07 billion, coupled with concerns of a ballooning current account deficit kept the market gains in check.

PPL, MEBL, UBL, OGDC, & LUCK dragged the index lower by a cumulative 126 points while MCB, ENGRO & EFERT added 102pts to the benchmark KSE 100 index.

On the volume front, the KSE All Share Index total volume and value clocked in at 449.50 million shares and Rs13.57 billion, respectively.

With the introduction of 30, 60 & 90 Deliverable Futures Contract’s (DFC), total volume and value on the Futures counter clocked in at 314.48 million shares and Rs12.4 billion respectively.

WTL was the volume leader of the day. Its share trading recorded at 127.82 million during the session.

KARACHI: Pakistan stock market likely to stay range-bound as result season begins during next week. Analysts at Arif Habib Limited said that the Pakistan Stock Exchange (PSX) to remain range-bound to positive during next week. They attribute to beginning of result season, which will keep specific companies in limelight.

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KARACHI: The stock market ended down by 80 points on Friday due to lackluster trading activity. The lackluster activity was because of market opened on the third day of Eid ul Adha.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,793 points. The market closed at 47,873 points on July 19, 2021.

The market was remained closed from July 20 – 22, 2021 because of Eid ul Adha.

Analysts at Topline Securities said that lackluster activity was observed at the exchange.

The index traded between its intraday high of 73 points and intraday low of 187 points. It finally closed at 47,793 level.

This lackluster activity can be attributed to higher than expected current account deficit.

The current account recorded at deficit of US$1.644 billion in June 2021. The lackluster activity was also due to lack of interest by investors amid third day of Eid ul Adha.

Major contribution to the index came from SNGP, SYS, HUBC, LUCK and FFC. These stocks cumulatively contributed 68 points to the index. On the other hand ENGRO, MLCF, PSO, TRG and PSX weighed down on the index by 50 points.

Today`s traded volume and value stood at 314 million shares and Rs.11 billion, respectively.

BYCO was today`s volume leader with 34 million shares (apart from NDM).

KARACHI: The stock exchange gained 39 points on Monday in range bound trading activities.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,873 points. The market closed at 47,834 points last Friday, showing an increase of 39 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range.

Being a short trading week, investors were reluctant to go long. They preferred to close the intra-day positions regardless of the pertinent stock prices.

The falling rupee value adversely affected many scrips. However, SNGP and SSGC hitting upper circuit on the back of High Court’s decision. The court has decided in favor of gas utilities to maintain transmission UFG benchmark.

Technology stocks saw consistent upward movement in AVN. It hits upper circuit and an uptick in SYS that maintained such levels till end. Among scrips, BYCO topped the volumes with 24.2 million shares, followed by DNCCR (23.1 million) and SNGP (18.5 million).

Sectors witnessed improvement are include: Misc (+33 points), O&GMCs (+29 points). Further Banks (+18 points), Autos (+10 points), Cement (-24pt) and Technology (-14 points) have also seen improvement.

Volumes declined further from 348.5 million shares to 320.9 million shares (-8 per cent DoD). Average traded value also declined by 18 per cent to reach US$ 73.9 million as against US$ 90.3 million.

Stocks that contributed significantly to the volumes include BYCO, DNCCR, SNGP, ASC and TREET. They formed 29 per cent of total volumes.

Stocks contributed positively to the index included: PSEL (+33 points) and SNGP (+25 points). Further MEBL (+12 points), FFC (+11 points) and SSGC (+8 points) have also contributed. Stocks contributed negatively include LUCK (-22 points), TRG (-21 points), ENGRO (-12 points), HBL (-10 points) and BAFL (-8 points).

KARACHI: The stock market likely to continue the momentum gained in the outgoing week. Analysts at Arif Habib Limited said that cyclical sectors may be in the limelight on expected healthy earnings.

The analysts said rising COVID cases are remained challenging.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 6.8x (2021). This week has seen the index gaining some momentum.

This week saw the release of power generation data, which posted the highest ever generation of 130,223 GW.

Other news included receipt of USD 1 billion from Eurobond. Remittances clocked in at the highest level of USD 29.4 billion.

The index closed at 47,834 points, (up 271 points WoW).

Sector-wise positive contributions came from:

i) Commercial Banks (82 points),

ii) Technology & Communication (75 points),

iii) Cement (46 points),

iv) Textile Composite (36 points), and

v) Investment Banks/Investment Companies/Securities Companies (36 points).

The sectors contributed negatively included:

i) Fertilizer (36 points),

ii) Power Generation & Distribution (17 points),

iii) Pharmaceuticals (13 points),

iv) Oil & Gas Exploration Companies (12 points) and Automobile Parts & Accessories (7 points).

Scrip-wise positive contributors were SYS (79  points), LUCK (62  points), PSX (36  points), UNITY (33 points) and BAFL (30  points).

Scrip-wise negative contribution came from POL (15  points), EFERT (15  points), KAPCO (11  points), CHCC (11  points) and ENGRO (10  points).

The market witnessed foreign buying . It settled at USD 4.6 million against selling of USD 5.2 million.

The market witnessed buying in in cements, exploration and production and technology and communication.

On the domestic front, the market witnessed selling by Individuals (USD 9.98 million) and Broker Proprietary Trading (USD 6.32 million).

Average volumes clocked-in at 467 million shares (down by 4 per cent WoW). The average value traded settled at USD 96 million (down by 10 per cent WoW).

KARACHI: The stock market increased by 137 points on Thursday in mixed trading during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,628 points from previous day’s closing of 47,491 points, showing an increase of 137 points.

Analysts at Arif Habib Limited said that after consolidating in the past couple of sessions, the Index regained confidence today and added a total of 246 points, on the back of OGDC, PSO and otherwise the Technology sector.

Profit booking brought the index down by the end of session, closing +137 points.

Cement, Fertilizer and Refinery sectors bore selling pressure, whereas Steel, Chemical and Banking sector stocks contributed positively to the index. Flat steel players (ASL & ISL) increased prices today, which prompted an uptick in both stock prices.

Among scrips, WTL topped the volumes with 50.6 million shares, followed by KEL (38.9 million) and TPL (36.1 million).

Sectors contributing to the performance include E&P (+41 points), Technology (+37 points) Banks (+26 points), O&GMCs (+19 points) and Vanaspati (+15 points).

Volumes declined slightly from 508.2 million shares to 506.3 million shares (-0.5 per cent DoD). Average traded value declined by 4 per cent to reach US$ 97 million as against US$ 101 million.

Stocks that contributed significantly to the volumes include WTL, KEL, TPL, PIBTL and TPLP, which formed 36 per cent of total volumes.

Stocks that contributed positively to the index include OGDC (+28 points), TRG (+26 points), BAFL (+16 points), UNITY (+15 points) and PSO (+13 points). Stocks that contributed negatively include PAKT (-21 points), PSX (-15 points), HBL (-9 points), FFC (-8 points) and NML (-6 points).