Tag: Pakistan Stock Exchange

KARACHI: The equity market fell by 377 points on Thursday owing to rising concerns of investors over fast spread of coronavirus in the third wave.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,930 points as against previous day’s closing of 45,306 points, showing a decline of 377 points.

Analysts at Arif Habib Limited said that concern over growing cases of Corona and incidence in major cities thereof kept the investors perturbed the second day as well, where despite healthy earnings posted by companies announced today, the index eventually went down by 424 points. At the close, the index registered a decline of 377 points.

E&P, Cement, Steel scrips contributed the most to the decline, whereas banking sector stocks saw pick up today. Notable scrips declaring results today includes ENGRO and UBL, which made the announcement at the beginning of the session that included dividend declaration, however, selling pressure brought the stock prices down by the end of session. Among scrips, GGL topped the volumes with 36.3 million shares, followed by TRG (30.2 million) and WTL (26.8 million).

Sectors contributing to the performance include E&P (-94 points), Cement (-79 points), Textile (-55 points), Technology (-45 points) and Autos (-34 points).

Volumes declined from 387.9 million shares to 328.9 million shares (-15 percent DoD). Average traded value also declined by 18 percent to reach US$ 103.5 million as against US$ 126.3 million.

Stocks that contributed significantly to the volumes include GGL, TRG, WTL, UNITY and TELE, which formed 38 percent of total volumes.

Stocks that contributed positively to the index include UBL (+56 points), HBL (+45 points), ENGRO (+27 points), BAFL (+11 points) and BAHL (+8 points). Stocks that contributed negatively include OGDC (-40 points), MCB (-29 points), PPL (-26 points), SYS (-25 points) and LUCK (-20 points).

KARACHI: The stock market ended down by 93 points on Wednesday while trading in a narrow range during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,307 points as against previous day’s closing of 45,400 points, showing a decline of 93 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range today between -174 points and +227 points, closing the session -93 points.

Investors already appeared somewhat despondent of the financial results and indifference of pertinent stocks to those results, NCOC’s hint towards lock down of major cities added fuel to fire.

Selling pressure ensued that brought the index down, eroding the gains earlier made in the session. O&GMCs, E&P, Cement and Steel sector stocks bore the brunt and waning investor confidence had its bearing on technology stocks as well.

Among volume leaders, TRG led the table with 46.7 million shares, followed by WTL (42.8 million) and UNITY (37.5 million).

Sectors contributing to the performance include Technology (+72 points), Banks (+59 points), Fertilizer (+18 points), Cement (76 points), E&P (-45 points), and Engineering (-24 points).

Volumes increased from 343.2 million shares to 387.9 million shares (+13 percent DoD). Average traded value also increased by 36 percent to reach US$ 126.5 million as against US$ 92.8 million.

Stocks that contributed significantly to the volumes include TRG, WTL, UNITY, GGL and TELE, which formed 45 percent of total volumes.

Stocks that contributed positively to the index include TRG (+88 points), ENGRO (+37 points), NBP (+22 points), KTML (+18 points) and EFERT (+13 points). Stocks that contributed negatively include LUCK (-28 points), FFC (-22 points), POL (-18 points), OGDC (-16 points) and ISL (-15 points).

KARACHI: The stock market gained 486 points on Tuesday on health corporate results, analysts said. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,400 points from last day’s closing of 44,914 points, showing an increase of 486 points.

Analysts at Arif Habib Limited said that the market went up by 645 points during the session and closed the session +459 points on account of a host of corporate result announcements scheduled for today.

Although the results of key companies posted healthy growth, the pertinent stock prices did not respond in the same fashion.

Among the key results announced at the bourse today were HBL, ISL, ASL, MEBL however, the price performance remained muted. ASL on the other hand went down post announcement due to selling pressure.

Govt.’s resolution of the law and order situation regarding TLP somewhat allayed Investors fear. Technology stocks, particular TELE and TRG helped change the sentiment tide early on, when TRG announced material information regarding one of its subsidiaries, which resulted in the scrip showing bids at upper circuit in the pre-open session. Among scrips, WTL led the table with 56.6 million shares, followed by UNITY (30.6 million) and GGL (24.6 million).

Sectors contributing to the performance include Technology (+121 points), Banks (+78 points), Cement (+37 points), Fertilizer (+35 points) and Textile (+26 points).

Volumes dipped from 363 million shares to 343.3 million shares (-6 percent DoD). Average traded value however, increased by 10 percent to reach US$ 92.9 million as against US$ 84 million.

Stocks that contributed significantly to the volumes include WTL, UNITY, GGL, TRG and TELE, which formed 42 percent of total volumes.

Stocks that contributed positively to the index include TRG (+124 points), HBL (+36 points), UNITY (+25 points), LUCK (+21 points) and COLG (+20 points). Stocks that contributed negatively include MARI (-12 points), EPCL (-11 points), MCB (-7 points), POL (-6 points) and NRL (-3 points).

The equity market experienced a significant downturn on Monday, with the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closing at 44,914 points, marking a decline of 392 points from the previous close of 45,306 points.

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KARACHI: The stock market likely to move in positive zone during next week owing to financial results and improved exchange rate.

Analysts at Arif Habib Limited said that the market to remain bullish in the upcoming week. With the commencement of result season, we believe Oil and cyclical sectors will be under limelight on the back of healthy earnings expectations.

Additionally improvement in macroeconomic indicators and appreciation of PKR/USD parity will keep investors’ sentiments positive.

However, any further increase in domestic COVID-19 infection ratio may dampen investor’s sentiments.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 6.8x (2021) compared to Asia Pac regional average of 16.3x while offering a dividend yield of around 7.1 percent versus 2.6 percent offered by the region.

This week trading commenced on a negative note with the index retreating by 208 points on Monday amidst the ongoing third wave of Covid-19 (threat of lockdown as per NCOC’s proposal given rise in infection ratio).

However, bulls took charge on Tuesday as positive sentiments were fueled by i) Slowdown in infection ratio, ii) Surge in international oil prices by 3.6 percent WoW resulting in buying across heavy-weight E&P scrips, iii) Expectation of outstanding quarterly results, iv) Large Scale Manufacturing inching up by 7.45 percent in 8MFY21, and v) Forex reserves climbing to a 5-year high of $23.2 billion. The KSE-100 index closed at 45,306 points, up by 119 points or 0.26 percent WoW. 

Contribution to the upside was led by i) Commercial Banks (81 points), ii) Technology and Communication (78 points), iii) Fertilizer (43 points), iv) Automobile Assemblers (25 points), and v) Oil and Gas Exploration Companies (18 points). Scrip-wise major gainers were TRG (60 points), FFC (60 points), BAHL (22 points), EFERT (21 points), and HBL (20 points). Whereas, scrip-wise major losers were ENGRO (47 points), HUBC (27 points), PSO (27 points), SEARL (21 points) and DGKC (20 points).  

Foreigners offloaded stocks worth of $1.0 million compared to a net sell of $9.5 million last week. Major selling was witnessed in all other Sectors (USD 2.64mn) and Commercial Banks (USD 1.31mn). On the local front, buying was reported by Individuals (USD 9.77mn) followed by Other Organization (USD 3.91mn). That said, average daily volumes and traded value for the outgoing week were down by 10 percent and 18 percent to 368mn shares and USD 100mn, respectively.     

The share market saw a modest rise on Friday, with the benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gaining 75 points. The index closed at 45,306 points, up from the previous day’s close of 45,230 points. This upward movement comes despite a significant reduction in trading volumes during the day.

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KARACHI: The stock market fell by 81 points on Thursday in a range bound trading activity during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,230 points as compared with previous day’s close of 45,311 points, showing a decline of 81 points.

Analysts at Topline Securities said that Pakistan equities closed slight negative with benchmark KSE-100 Index settling at 45,230 level.

Range bound activity was witnessed throughout the day where KSE-100 Index moved between intraday high and low of 136 and 137 points respectively. Investor interest was mainly witnessed in blue chips stocks.

OGDC, FFC and ENGRO were the major gainer in today’s trading session. Investors opted to tread with caution amid the ongoing rise in COVID19 cases and upcoming result season.

Activity in the wider market was relatively dull as Rs.12.58 billion worth of shares exchanged hands, down 24 percent on DoD basis. The volume leader for today was TELE with 73.57mn shares exchanging hands.

KARACHI: The stock market gained 262 points on Wednesday as investors were remained positive on quarterly financial corporate results.

The benchmark KSE-100 index closed at 45,311 points as against previous day’s closing of 45,048 points, showing an increase of 262 points.

Analysts at Arif Habib Limited said that first day of Ramadan marked positive opening for the benchmark KSE100 index with an overall increase of 299 points during the session and closed +262 points.

Proximity to announcement of quarterly corporate results made investors take a positive view on the market. Buying activity was observed in cyclical sectors such as Autos, Cement and Steel. O&GMCs saw SNGP performing, besides Refinery and Technology stocks where NETSOL hit upper circuit today.

Among scrips, FNEL remained the volume leader with 43.1 million, followed by MDTL (20.2 million) and GGL (19.5 million).

Sectors contributing to the performance include Technology (+46 points), Cement (+35 points), Banks (+29 points), E&P (+26 points) and Refinery (+24 points).

Volumes declined from 473.4 million shares to 341.9 million shares (-28 percent DoD). Average traded value also declined by 11 percent to reach US$ 108.5 million as against US$ 120.7 million.

Stocks that contributed significantly to the volumes include FNEL, MDTL, GGL, TRG and WTL, which formed 35 percent of total volumes.

Stocks that contributed positively to the index include TRG (+32 points), FFC (+19 points), HBL (+19 points), LUCK (+18 points) and ATRL (+17 points). Stocks that contributed negatively include MCB (-12 points), POL (-9 points), ABL (-4 points), KTML (-3 points) and UNITY (-3 points).

KARACHI: The share market increased by 71 points on Tuesday in narrow range trading session, analysts said.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,048 points as against previous day’s closing of 44,978 points, showing an increase of 71 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range between -198 points and +155 points, closing the session +71 points.

Main board scrips have largely been in consolidation and today was no different. Banking sector stocks inched up with particular interest in UBL, especially by the end of session.

Technology stocks witnessed a see-saw moment when NETSOL rebounded and hit upper circuit, whereas TRG (which went upper circuit yesterday) bore selling pressure and traded below LDCP. Among small caps, GGL, GGGL, HUMNL and TELE remained in the limelight.

Among scrips, FNEL topped the volumes with 106.5 million shares, followed by UNITY (29.8 million) and BYCO (28.5 million).

Sectors contributing to the performance include BANKS (+89 points), O&GMCs (+15 points), Technology (-59 points), and Power (-19 points).

Volumes declined from 503.5 million shares to 473.4 million shares (-6 percent DoD). Average traded value also declined by 8 percent to reach US$ 120.8 million as against US$ 130.7 million.

Stocks that contributed significantly to the volumes include FNEL, UNITY, BYCO, TRG and WTL, which formed 47 percent of total volumes.

Stocks that contributed positively to the index include UBL (+28 points), HBL (+18 points), BAHL (+17 points), SNGP (+13 points) and FFBL (+12 points). Stocks that contributed negatively include TRG (-67 points), ENGRO (-28 points), HUBC (-19 points), MLCF (-4 points) and KOHC (-4 points).