Tag: Pakistan Stock Exchange

KARACHI: The stock market witnessed increase of 866 points on Thursday on rise in international oil prices and reports of further cut in policy rate.

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KARACHI: The share market fell by 260 points on Wednesday owing to selling pressure seen during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 30,971 points as against 31,231 points showing a decline of 260 points.

Analysts at Arif Habib Limited said that overnight pressure on international crude prices bore impact on KSE100 as well. With OPEC+ meeting scheduled for tomorrow (PST 7:00 PM), followed by a G20 meeting on Friday, on the same subject, i.e. production cut and management of crude price, local E&P stocks didn’t fell as much as the fall was witnessed in crude prices.

Market traded uni-directional (negative) for the most part of the session with Oil & Gas chain trading red. On the other hand, cyclicals, which had positive sentiments yesterday on the back of partial resumption of activities (primarily in Punjab), today saw selling pressure.

Cement sector, as have been the case for the past several sessions, again topped the volumes with 42.1 million shares, followed by Vanaspati (28.8 million) and O&GMCs (28.4 million).

Among scrips, UNITY (got traction from issuance of SRO on withdrawal of additional custom duty) led the volumes with 28.8 million shares, followed by HASCOL (25.8 million) and PAEL (14.1 million).

Sectors contributing to the performance include Banks (-115 points), E&P (-45 points), Cement (-37 points), Tobacco (-36 points), Fertilizer (-21 points), Insurance (+23 points).

Volumes increased from 172.7 million shares to 181.0 million shares (+5 percent DoD). Average traded value, on the other hand, declined by 13 percent to reach US$ 35.1 million as against US$ 40.2 million.

Stocks that contributed significantly to the volumes include UNITY, HASCOL, PAEL, MLCF and PIOC, which formed 50 percent of total volumes.

Stocks that contributed positively to the index include MCB (+18 points), IGIHL (9 points), KOHC (+9 points), KAPCO (+8 points) and OGDC (+7 points). Stocks that contributed negatively include PAKT (-36 points), LUCK (-32 points), BAFL (-29 points), BAHL (-28 points), and POL (-23 points).

KARACHI: The equity market gained 652 points on Tuesday on positive sentiments of investors regarding early release of IMF supported loan.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 31,232 points as against 30,579 points showing an increase of 652 points.

Analysts at Arif Habib Limited said that the market opened on a positive note with +75 points and 0.8 million shares traded at the opening bell.

The index continued the surge throughout the session, increasing by 724 points during the day and ending the session +709 points.

Expectation of early release of COVID 19 financial assistance from IMF kept the mood elevated at the bourse, which was further aided by an uptrend in international crude prices (which gained another 3 percent over yesterday).

Besides E&P Stocks, Cement and Steel also rallied based on construction package announced last Friday. Cement sector led the volumes with 54.5 million shares, followed by O&GMCs (23.1 million) and Banks (21.4 million).

Among scrips, MLCF topped the charts with 20.4 million shares followed by HASCOL (19.8 million) and FFL (9.8 million).

Sectors contributing to the performance include E&P (+176 points), Cement (+120 points), Banks (+109 points), Power (+73 points) Fertilizer (+44 points).

Volumes declined from 233.3 million shares to 172.7 million shares (-26 percent DoD). Average traded value also declined by 23 percent to reach US$ 40.4 million as against US$ 52.2 million.

Stocks that contributed significantly to the volumes include MLCF, HASCOL, FCCL, KEL, and PIOC, which formed 38 percent of total volumes.

Stocks that contributed positively to the index include OGDC (+79 points), PPL (+70 points), HUBC (+69 points), HBL (+64 points) and LUCK (+54 points). Stocks that contributed negatively include BAHL (-15 points), NBP (-9 points), THALL (-7 points), JDWS (-4 points), and MUREB (-4 points).

The share market witnessed a significant downturn on Monday as the benchmark KSE-100 index of Pakistan Stock Exchange (PSX) plunged by 1043 points.

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KARACHI: The stock market likely to maintain bullish trend during the next week owing to tax amnesty announced by the prime minister for construction sector.

Analysts at Arif Habib Limited said that the index to continue the rally as investors celebrate the government’s proactive stance to keep the economy afloat during the lockdown.

The government’s incentives package for the construction industry to keep economic activity upbeat should help sustain the positivity in the cement/engineering sector while oil scrips should be dictated by the developments regarding an emergency meeting of OPEC+ called by Saudi Arabia and its outcome.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 5.8x (2020) compared to Asia Pac regional average of 10.2x and while offering DY of around 8.8 percent versus around 3.1 percent offered by the region.

Following a 3-week rout of the KSE-100 Index, the bourse finally rebounded this week with a 12.5 percent return WoW – highest ever weekly return.

Optimism in the bourse was sourced from the federal government announcing a series of measures to mitigate risks to the economy from the COVID-19. Banks and E&P rallied as valuations had reached dirt cheap levels. Towards the end of the week President Trump’s announcement of a possible agreement between Saudi Arabia and Russia to cut production sent oil prices soaring (WTI up 18 percent WoW) and thereby E&P stocks.

The KSE-100 closed at 31,622 points (up by 12.5 percent / 3,512 points WoW).

Sector-wise positive contributions came from i) Commercial Banks (764 points), ii) Oil & Gas Exploration Companies (550 points) and iii) Cement (537 points). Scrip-wise positive contributions were led by HUBC (290 points), LUCK (227 points), and UBL (186 points).

Foreign selling continued this week clocking-in at USD 36.1 million compared to a net sell of USD 13.7 million last week. Selling was witnessed in E&Ps (USD 13.5 million) and Commercial Banks (USD 8.0 million).

On the domestic front, major buying was reported by Individuals (USD 13.0 million) and Funds (USD 10.3 million). Average Volumes settled at 228 million shares (up by 52 percent WoW) while average value traded clocked-in at USD 46 million (up by 66 percent WoW).

KARACHI: The share market continued bullish trend on Friday and gained 839 points, which is mainly attributed to reports on package for construction industry to be announced.

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KARACHI: The equity market witnessed sharp increase of 1,277 points on Thursday owing to jump in international oil prices.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 30,782 points as against 29,506 points showing an increase of 4.3 percent or 1277 points.

Analysts at Arif Habib Limited said that After yesterday’s pause, Market again witnessed a huge stride of 1336 points, similar to what was observed day before yesterday.

Jump in international crude prices by approx. 10 percent believed to have given the impetus that the market saw today, which saw OGDC, PPL and POL trading at and near cap for most part of the trading session.

Institutional buying further boosted the sentiment amid the possibility of announcement of a relief package for construction industry that is likely to be made by the Premier tomorrow.

In anticipation, Construction sectors (Cement & Steel) rallied and hit upper circuits. Cement sector topped the charts again with 64 million shares, followed by O&GMCs (37.4 million) and Banks (+33.5 million).

Among scrips, HASCOL led the volumes with 29.5 million shares, followed by KEL (20.6 million) and UNITY (19 million).

Sectors contributing to the performance include Banks (+328 points), E&P (+258 points), Cement (+160 points), Power (+100 points) and O&GMCs (+93 points).

Volumes declined from 193.8 million shares to 311.6 million shares (+61 percent DoD). Average traded value also increased by 55 percent to reach US$ 62.3 million as against US$ 40.1 million.

Stocks that contributed significantly to the volumes include HASCOL, KEL, UNITY, MLCF and BOP, which formed 32 percent of total volumes.

Stocks that contributed positively to the index include OGDC (+81 points), PPL (+80 points), LUCK (+78 points), HUBC (+70 points) and HBL (+68 points).

Stocks that contributed negatively include PAKT (-11 points), COLG (-9 points), FFC (-9 points), HGFA (-5 points), and NESTLE (-1 points).

KARACHI: The equity market gained 274 points on Wednesday in range bound trading activities.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 29,506 points as against 29,232 points showing an increase of 274 points.

Analysts at Arif Habib Limited said that the market traded range bound today, oscillating between -330 points and +460 points during the session and closed +274 points.

CPI based inflation release matched street consensus at 10.2 percent that gave confidence to the investors that the upcoming number would be even lower, raising the hopes that yield on fixed instruments, particularly T-Bills and PIB will dip further.

Secondary market 5-year PIB was seen trading 9.1 percent.

Today’s trading session saw profit booking as well that kept the overall market range bound, perhaps weakness in global equity and commodities market caused investors to rethink their decision.

Cement sector led the volumes with 51.1 million shares, followed by O&GMCs (24.6 million) and Banks (15.9 million). Among scrips, HASCOL topped the chart with 25.8 million, followed by MLCF (19 million) and KEL (16.8 million).

Sectors contributing to the performance include Banks (+46 points), Textile (+37 points), Auto (+33 points), Inv Banks (+33 points) and E&P (+32 points).

Volumes declined from 222 million shares to 193.7 million shares (-13 percent DoD). Average traded value also dipped by 9 percent to reach US$ 40.1 million as against US$ 44.1 million.

Stocks that contributed significantly to the volumes include MLCF, HASCOL, UNITY, OGDC and PIOC, which formed 37 percent of total volumes.

Stocks that contributed positively to the index include MARI (+35 points), DAWH (+35 points), MCB (+24 points), ENGRO (+23 points) and UBL (+23 points). Stocks that contributed negatively include MEBL (-24 points), LUCK (-18 points), EFERT (-12 points), NESTLE (-10 points), and OGDC (-10 points).

KARACHI: The share market gained over 1,200 points on Tuesday owing to reports of tax relief announced by the government.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 29,231 points as against 28,023 points showing an increase of 1208 points.

Analysts at Arif Habib Limited said that the market opened on a positive note today with 62 points and did not see back since then.

The ascent continued till 1311 points in the benchmark index and closed the session +1208 points.

The overriding factor that helped investors take a positive view on the market seems to be weakening selling pressure from Foreign Investors as well as the recent announcements on tax relief by the Government that include select relief on account of custom duty, additional duties and GST.

Also the prospect of end of lock down, as April begins, boosted investor confidence to take a positive view on equities. Cement sector led the volumes with 51.8 million shares, followed by O&GMCs (31.5 million) and Power (23.4 million).

Among scrips, HASCOL posted trading volumes of 25.8 million shares, followed by MLCF (19 million) and KEL (16.7 million).

Sectors contributing to the performance include Banks (+339 points), Fertilizer (+161 points), E&P (+125 points), Power (+117 points) Cement (+109 points).

Volumes increased from 159.5 million shares to 221.8 million shares (+39 percent DoD). Average traded value also increased by 74 percent to reach US$ 44.1 million as against US$ 25.3 million.

Stocks that contributed significantly to the volumes include HASCOL, MLCF, KEL, OGDC and UNITY, which formed 39 percent of total volumes.

Stocks that contributed positively to the index include ENGRO (+90 points), HUBC (+84 points), MCB (+78 points), UBL (+76 points) and HBL (+55 points). Stocks that contributed negatively include MUREB (-3 points), DCR (-2 points), IDYM (-2 points), JLICL (-1 points), and JDWS (-1 points).

KARACHI: The equity market has lost 86 points on Monday owing to lowering international oil prices and bearish regional markets, analysts said.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 28,023 points as against 28,110 points showing a decline of 86 points.

Analysts at Arif Habib Limited said that the market opened on a negative note today with -127 points and continued trending down throughout the session to realize a loss of -642 points.

Slump in international crude oil prices as well as bearish performance of Regional Stock markets caused selling pressure at PSX. Cement sector came out as the winner, following on the trajectory shown on the last trading day on account of possible relief package for real estate construction sector.

Resultantly, MLCF hit upper circuits, whereas DGKC also traded near upper circuit. Due to significant price reductions during the later half of the outgoing month also gave hope to the Investors of a reduction in monthly CPI number.

Power sector led the volumes with 41 million shares, followed by Cement (29.5 million) and Banks (18 million). Among scrips, KEL topped the chart with 35 million shares, followed by MLCF (9.6 million) and HASCOL (7.2 million).

Sectors contributing to the performance include E&P (-133 points), Banks (-95 points), Tobacco (-19 points), Cement (+136 points), Power (+47 points), Pharma (+12 points).

Volumes declined from 169.5 million shares to 159.4 million shares (-6 percent DoD). Average traded value also by 0.3 percent to reach US$ 25.4 million as against US$ 25.6 million.

Stocks that contributed significantly to the volumes include KEL, MLCF, HASCOL, UNITY and SMBL, which formed 41 percent of total volumes.

Stocks that contributed positively to the index include LUCK (+65 points), FFC (+38 points), HUBC (+32 points), DGKC (+18 points) and FCCL (+17 points). Stocks that contributed negatively include PPL (-73 points), OGDC (-46 points), UBL (-35 points), UBL (-20 points), and PAKT (-19 points).