Tag: Pakistan Stock Exchange

KARACHI: The stock market gained 37 points on Wednesday in a range bound trading activity during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,022 points as against 41,985 points showing an increase of 37 points.

Analysts at Arif Habib Limited said that the market traded in range between -374 points and +211 points, closing the session +37 points.

Selling pressure ensued the global sell off which was observed overnight in US markets and carried the same sentiment in regional markets.

KSE100 followed suit and saw selling pressure in E&P, OMCs and Cement sectors throughout the session with varying intensity. Selling pressure built again in PSO, HASCOL and UBL by the close of session which otherwise saw buying activity.

OGDC & PPL also observed selling activity on the back of significant decline in crude oil prices.

Technology sector posted high volumes of 172.9 million shares, followed by O&GMCs (83.2 million) and Refinery (64.8 million). Among scrips, HASCOL topped the volumes with 75.6 million shares, followed by PTC (63 million) and PIBTL (57.2 million).

Sectors contributing to the performance include Banks (+42 points), Technology (+32 points), Insurance (+23 points), Food (+22 points), E&P (-55 points), O&GMCs (-23 points),  and Power (-20 points).

Volumes declined from 884.4 million shares to 707.0 million shares (-20 percent DoD). Average traded value also declined by 24 percent to reach US$ 128.0 million as against US$ 167.7 million.

Stocks that contributed significantly to the volumes include HASCOL, PTC, PIBTL, WTL and TRG, which formed 38 percent of total volumes.

Stocks that contributed positively to the index include HBL (+31 points), TRG (+20 points), NATF (+18 points), LUCK (+14 points) and JLICL (+12 points). Stocks that contributed negatively include OGDC (-31 points), HUBC (-14 points), UBL (-14 points), PPL (-14 points) and MARI (-11 points).

KARACHI: The Pakistan stock market witnessed a gain of 272 points on Monday as the benchmark KSE-100 index closed at 42,293 points, up from the previous close of 42,023 points.

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KARACHI: Stock market likely to maintain upward trajectory during upcoming week owing to positive sentiments on improved foreign exchange reserves and stable exchange rate.

Analysts at Arif Habib Limited said that the market to maintain the upwards trajectory in the upcoming month.

Meanwhile, Prime Minister Imran Khan will visit Karachi on Saturday, in which important development projects are expected to be announced for the rain-stricken city.

Sentiment in specific sectors may be influenced by their respective results. Given foreign reserves rising, Pak Rupee stabilizing and cyclical demand increasing investor sentiment is expected to remain optimistic.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 7.5x (2020) compared to Asia Pac regional average of 18.4x and while offering DY of 6.0 percent versus 2.7 percent offered by the region.

The market continued the positivity this week. With CPI declining on yearly and monthly basis to 8.21 percent, a strong momentum was built which took the index beyond the 42,000 level (since 28th January 2020).

Moreover, Pak Rupee appreciated against greenback at PKR 165.77, which kept the sentiment positive. Furthermore, oil sales in the month of August 2020 witnessed a jump of 21 percent YoY.

Average weekly volume skyrocketed to levels last seen in 2005 as liquidity continued flushing into the equity market, making it the best stock market in the World on weekly basis. The KSE-100 closed at 42,023 points (up by 967 points / 2.4 percent WoW).

Sector-wise positive contributions came from i) Cements (194 points), ii) Oil & Gas Marketing Companies (114 points), iii) Fertilizer (103 points), iv) Chemical (83 points), and v) Textile Composite (82 points). On the other hand, negative contributions came from Automobile Assembler (23 points) and Power Generation & Distribution (13 points). Scrip-wise positive contributions were led by SYS (65 points), HASCOL (65 points), COLG (55 points), MLCF (53 points) and MARI (53 points).

Foreign selling continued this week clocking-in at USD 10.0 million compared to a net sell of USD 0.8 million last week. Selling was witnessed in Commercial Banks (USD 5.2 million) and Cement (USD 2.6 million). On the domestic front, major buying was reported by Individuals (USD 15.4 million and Mutual Funds (USD 8.6 million). Average volumes settled at 745 million shares (up by a massive 70 percent WoW), which is the highest weekly average volume since 7th Mar’05. While average value traded clocked-in at USD 139 million (up by 37 percent WoW).

KARACHI: The stock market fell by 165 points on Friday owing to profit taking on the last trade day of the week and bearish trend in world stocks.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,023 points as against 42,188 points showing a decline of 165 points.

Analysts at Arif Habib Limited said that the market traded in a range following the onslaught in international markets that saw stocks markets in developed countries plummeting overnight.

Local investors considered best to book profit rather than carry positions over the weekend.

Selling pressure was observed in Cement, Fertilizer, E&P and Banking sector stocks amongst few winners in Steel and Tech sectors. O&GMCs topped the volumes with 92.7 million shares, followed by Cement (86.7 million) and Banks (82.2 million).

Among scrips, HASCOL led the volumes with 73.1 million shares, followed by FFL (51.6 million) and UNITY (41.3 million).

Sectors contributing to the performance include Banks (-60 points), Power (-59 points), Cement (-32 points), Fertilizer (-20 points) and Textile (-15 points).

Volumes declined from 919.5 million shares to 758.1 million shares (-18 percent DoD). Average traded value also declined by 7 percent to reach US$ 149.4 million as against US$ 160.1 million.

Stocks that contributed significantly to the volumes include HASCOL, FFL, UNITY, BOP and MLCF, which formed 29 percent of total volumes.

Stocks that contributed positively to the index include SYS (+31 points), HASCOL (+20 points), ISL (+12 points), JLICL (+11 points) and PSX (+10 points). Stocks that contributed negatively include HUBC (-53 points), UBL (-26 points), LUCK (-22 points), TRG (-14 points) and ENGRO (-13 points).

KARACHI: The stock market witnessed an increase of 353 points on Thursday as positive sentiments prevailed over expected package to be announced by the prime minister during his Karachi visit.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,188 points as against 41,835 points showing an increase of +353 points.

Analysts at Arif Habib Limited said that after posting one the recent high volumes on the bourse with 837 million shares, the market stepped up to clinch 917 million today, yet another high.

Investor sentiment has been sky high in recent times, especially on the expectation of an announcement by Prime Minister on his scheduled visit to Karachi on September 04, 2020.

Infrastructure development is expected to positively impact construction sector scrips, which prompted Investors to take interest in Cement and Steel sectors.

MLCF and PIOC also hit upper circuits on the notification of substantial shareholding by sponsors.

Among banking sector stocks, NBP continued the uptrend after posting an outstanding result yesterday.

Banking sector stocks topped the volumes with 123.8 million shares, followed by Cement (112 million) and Technology (93.3 million). Among scrips, UNITY posted 51.2 million shares, followed by BOP (49.7 million) and KEL (41.8 million).

Sectors contributing to the performance include Cement (+89 points), Banks (+51 points), O&GMCs (+44 points), Textile (+41 points) and Fertilizer (+35 points).

Volumes increased further from 837 million shares to 919.4 million shares (+10 percent DoD). Average traded value also increased by 1 percent to reach US$ 159.9 million as against US$ 157.6 million.

Stocks that contributed significantly to the volumes include UNITY, BOP, KEL, MLCF and HASCOL, which formed 24 percent of total volumes.

Stocks that contributed positively to the index include MLCF (+31 points), SYS (+29 points), KTML (+22 points), NBP (+21 points) and PIOC (+19 points).

Stocks that contributed negatively include HUBC (-25 points), BAHL (-13 points), POL (-8 points), OGDC (-6 points) and DAWH (-5 points).

KARACHI: The share market witnessed an increase of 458 points on Wednesday owing to trading activities were seen banking and other blue-chip stocks.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,834 points as against 41,378 points showing an increase of 458 points.

Analysts at Arif Habib Limited said that the market continued the bull run to post a total gain of 556 points during the session, closing the session +458 points.

Brisk trading activity was witnessed, which saw NBP trading at upper circuit after posting better than expected financial results at the opening bell.

Cement, Fertilizer, OMCs and Chemical sector stocks followed this performance and traded high volumes.

Overall trading volumes also reached a recent time high of 836 million shares. Technology sector led the volumes with 114.5 million shares, followed by Cement (86.9 million) and Banks (81.3 million). Among scrips, KEL topped the volumes with 53.9 million, followed by PTC (48.7 million) and PBTL (46.9 million).

Sectors contributing to the performance include Banks (+90 points), Fertilizer (+81 points), O&GMCs (+49 points), Inv Banks (+39 points) and Cement (+35 points).

Volumes increased from 759.3 million shares to 837.0 million (+10 percent DoD). Average traded value also increased by 21 percent to reach US$ 158.1 million as against US$ 131.2 million.

Stocks that contributed significantly to the volumes include KEL, PTC, PIBTL, HASCOL and TRG, which formed 28 percent of total volumes.

Stocks that contributed positively to the index include ENGRO (+38 points), UBL (+34 points), NBP (+31 points), DAWH (+28 points) and EFERT (+26 points). Stocks that contributed negatively include HUBC (-13 points), SHFA (-4 points), MEBL (-3 points), FCEPL (-3 points) and HINOON (-2 points).

KARACHI: Stock market gained 266 points on Tuesday owing to improved trading activities in cement and chemical sectors.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,377 points as against 41,111 points showing an increase of 266 points.

Analysts at Arif Habib Limited said that the market continued the bull run by adding another 290 points during the session and closed +266 points.

Cement sector contributed the most on the index, whereby LUCK, PIOC and MLCF performed well.

Chemical sector also saw improved performance with SPL, DOL hitting upper circuits and similar performance in LOTCHEM and EPCL.

PSO declared financial results at the opening bell with a loss in the bottom line, however, the stock sustained selling pressure with PSO reverting to its opening price by the end of session.

Vanaspati sector topped the volumes with 135.9 million shares, followed by Cement (113.8 million) and Cable (60.5 million). Among scrips, UNITYR2 realized 90.3 million shares, followed by PAEL (47.4 million) and UNITY (45.6 million).

Sectors contributing to the performance include Cement (+52 points), Power (+46 points), Technology (+45 points), Chemical (+38 points) and Textile (+26 points).

Volumes increased from 451.7 million shares to 759.3 million shares (+68 percent DoD). Average traded value also increased by 33 percent to reach US$ 130.6 million as against US$ 98 million.

Stocks that contributed significantly to the volumes include UNITYR2, PAEL, UNITY, HASCOL and POWER1, which formed 36 percent of total volumes.

Stocks that contributed positively to the index include TRG (+39 points), COLG (+26 points), MARI (+18 points), PKGS (+17 points) and KAPCO (+17 points). Stocks that contributed negatively include OGDC (-29 points), HBL (-29 points), PAKT (-22 points), PPL (-13 points) and UBL (-8 points).

KARACHI: The stock exchange gained 55 points on Monday amid selling pressure seen in banks and fertilizer sectors, analysts said.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,111 points as against 41,056 points showing an increase of 55 points.

Analysts at Arif Habib Limited said that the market gained a total of 255 points during the session, however, due to selling pressure in Banks and Fertilizer sectors the index saw erosion of all the gains.

The index closed 55 points, which was caused by an increase in stock prices of PPL and OGDC during last half hour.

Cement sector performed well today, which saw DGKC, LUCK and KOHC contributing positively to the Index.

Cement sector realized the most volumes with 81.4 million shares, followed by Banks (71.7 million) and Technology (61.1 million). Among scrips BIPL topped the volumes with TRG (40 million) and POWERR1 (32 million).

Sectors contributing to the performance include Cement (+50 points), E&P (+46 points), Tobacco (+27 points), Power (+22 points), Technology (-53 points), Banks (-41 points) and Fertilizer (-20 points).

Volumes increased from 238.5 million shares to 451.7 million shares (+89 percent DoD). Average traded value also increased by 94 percent to reach US$ 97.3 million as against US$ 50.2 million.

Stocks that contributed significantly to the volumes include BIPL, TRG, POWERR1, PRL and HASCOL, which formed 35 percent of total volumes.

Stocks that contributed positively to the index include MARI (+28 points), PPL (+28 points), PAKT (+27 points), LUCK (+26 points) and HUBC (+19 points). Stocks that contributed negatively include TRG (-46 points), UBL (-21 points), POL (-19 points), ENGRO (-13 points) and HBL (-12 points).

KARACHI: The stock market gained 570 points on Tuesday as banking sector performed well on upcoming inflations numbers and monetary policy announcement.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,863 points as against 40,293 points showing an increase of 570 points.

Analysts at Arif Habib Limited said that the market continued the ascent from yesterday’s level. Banking sector performed well today, which brought the index to higher level.

Expectation of high CPI, scheduled to be announced next week and monetary policy decision in September are the major reasons for brisk activity in Banking sector.

Announcement of POL’s financial results with high dividend payout resulted in POL reaching a new high.

Overall, E&P stocks posted gains on the index. Refinery sector posted highest trading volumes with 65.9 million shares, followed by Cement (62.2 million) and O&GMCs (53.5 million). Among scrips, PRL topped the volumes with 48.9 million shares, followed by HASCOL (36.1 million) and KAPCO (18.5 million).

Sectors contributing to the performance include Banks (+205 points), E&P (+86 points), Fertilizer (+55 points), Textile (+46 points) and Power (+38 points).

Volumes declined from 535.1 million shares to 508.0 million shares (-5 percent DoD). Average traded value however increased by 6 percent to reach US$ 127.8 million as against US$ 120.8 million.

Stocks that contributed significantly to the volumes include PRL, HASCOL, KAPCO, MLCF and TRG, which formed 27 percent of total volumes.

Stocks that contributed positively to the index include HBL (+124 points), MCB (+61 points), UBL (+48 points), POL (+41 points) and ENGRO (+37 points). Stocks that contributed negatively include BAFL (-35 points), NESTLE (-11 points), ABL (-8 points), PMPK (-6 points) and PSEL (-5 points).