Tag: Pakistan Stock Exchange

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).

KARACHI: The stock market witnessed heavy profit booking on Friday on reports of approval of privatization of two major energy companies.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,621 points as against 39,869 points showing a decline of 247 points (-0.6 percent DoD).

Analysts at Arif Habib Limited said that the market took heavy bantering today on the pretext of profit booking as well as news of approval of privatization of OGDC and PPL.

Both the E&P scrips saw significant selling pressure, besides Cement, O&GMCs, Pharma and Fertilizer sectors. Banking sector that bore selling pressure throughout the session saw recovery by the end, which helped KSE-100 index put recovery.

Technology sector led the volumes with 74.5 million shares, followed by Cement (64.9 million) and Power (31.8 million). Among scrips, WTL posted 23.9 million shares, followed by ANL (21.7 million) and TPL (9.4 million).

Sectors contributing to the performance include E&P (-89 points), Power (-45 points), Cement (-36 points), O&GMCs (-29 points) and Inv Banks (-13 points).

Volumes increased from 394.6 million shares to 400.5 million shares (+2 percent DoD). Average traded value, however, registered a decline of 3 percent DoD to reach US$ 81.6 million as against US$ 84.5 million.

Stocks that contributed significantly to the volumes include WTL, ANL, TPL, DCL and UNITY, which formed 25 percent of total volumes.

Stocks that contributed positively to the index include NBP (+14 points), HBL (+12 points), ENGRO (+12 points), FCEPL (+10 points) and BAFL (+7 points). Stocks that contributed negatively include PPL (-52 points), OGDC (-40 points), HUBC (-37 points), PSO (-23 points) and DAWH (-14 points).

KARACHI: The stock market witnessed selling pressure in major scrips on Thursday and fell by 286 points.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,869 points as against 40,154 points showing a decline of 286 points.

Analysts at Arif Habib Limited said that the market opened on a positive note today with +29 points, however, couldn’t carry the momentum showed in the previous sessions.

Selling activity was observed in Fertilizer, Cement, Refinery and O&GMCs and intensified by the end of session, especially after announcement of MCB’s and FABL’s financial results.

FABL hit lower circuit after the announcement. Similarly, MCB lost ground after announcement, however, traded above lower circuit. Regional markets already showed bearish activity at the beginning of the session.

Yesterday’s PIB auction also saw rise in shorter term tenors. Technology sector topped the volumes with 84.5 million shares, followed by Power (40.2 million) and Banks (36.7 million). Among scrips, TRG posted 30.4 million shares, followed by PTC (21 million) and UNITY (20 million).

Sectors contributing to the performance include Cement (-81 points), Banks (-39 points), O&GMCs (-26 points), E&P (-24 points) and Power (-23 points).

Volumes declined from 427.2 million shares to 394.3 million shares (-8 percent DoD). Average traded value also declined by 24 percent to reach US$ 84.4 million as against US$ 110.4 million.

Stocks that contributed significantly to the volumes include TRG, PTC, UNITY, TPL and KAPCO, which formed 28 percent of total volumes.

Stocks that contributed positively to the index include HBL (+19 points), ABL (+17 points), TRG (+14 points), KAPCO (+13 points) and FFC (+10 points). Stocks that contributed negatively include MCB (-68 points), HUBC (-31 points), LUCK (-29 points), ENGRO (-25 points) and PPL (-16 points).

KARACHI: The stock market ended down by 30 points on Wednesday in a range bound trading during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,154 points as against 40,184 points showing a decline of 30 points.

Analysts at Arif Habib Limited said that the market traded range bound today between -119 points and +241 points.

E&P largely added points on the index, whereas Cement and Banking sector stocks faced selling pressure. Fertilizer Sector remained under pressure throughout the session, but ENGRO’s financial results with a dividend of Rs. 8/share, helped Fertilizer sector stage recovery by the end of session.

Cement sector posted volumes of 75.4 million shares, followed by Technology (54.5 million) and O&GMCs (40.3 million). Among scrips, PIBTL topped the volumes with 35.5 million shares, followed by PRL (27.5 million) and DGKC (26.8 million).

Sectors contributing to the performance include Fertilizer (+63 points), E&P (+40 points), O&GMCs (+10 points), Cement (-25 points), Technology (-23 points), Autos (-21 points), Power (-20 points) and Banks (-20 points).

Volumes declined from 458.8 million shares to 427.2 million shares (-7 percent DoD). Average traded value also declined by 10 percent to reach US$ 110.4 million as against US$ 123.2 million.

Stocks that contributed significantly to the volumes include PIBTL, TRG, POWERR1, PRL and POWER, which formed 25 percent of total volumes.

Stocks that contributed positively to the index include ENGRO (+40 points), POL (+18 points), EFERT (+14 points), OGDC (+10 points) and FFC (+10 points). Stocks that contributed negatively include TRG (-23 points), HUBC (-21 points), INDU (-10 points), DGKC (-10 points) and SHFA (-8 points).