Tag: Pakistan Stock Exchange

KARACHI: The stock market gained 220 points on Friday after mixed trading activities to respond MSCI review.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 35,978 points as against 35,759 points showing an increase of +220 points.

Analysts at Arif Habib Limited said that the market on a positive note today with +20 points. The Index went uni-directional and gained 230 points by the end of first session, while reaching a high of +290 points, and finally closed the day with +220 points.

Following past couple of sessions, Cement and Steel continued trading in red and kept the index under pressure. MSCI review, announced last evening, proved to be a sigh of relief for institutional funds which were expecting an exclusion from the Index and resultant deluge of selling activity in outgoing stocks.

On the contrary, MSCI review proved largely to be a non-event, which gave confidence to investors in large cap Banks and E&P companies, particularly MCB, HBL, OGDC and PPL. Major activity (volume wise) was observed in PIAA, WTL, KEL and HUMNL.

Sector wise, most volumes were registered in Technology (43.5 million), followed by Cement (25.6 million) and Inv Banks (18.3 million).

Sectors contributing to the performance include Banks (+93 points), E&P (+64 points), Fertilizer (+47 points), Inv Banks (+31 points), O&GMCs (+13 points).

Volumes continued declining trend and went down from 265.9 million shares to 209.4 million shares (+21 percent DoD). Average traded value also declined by 19 percent to reach US$ 41.9 million as against US$ 51.6 million.

Stocks that contributed significantly to the volumes include WTL, HUMNL, KEL, PIAA and BOP, which formed 29 percent of total volumes.

Stocks that contributed positively include MCB (+33 points), UBL (+30 points), DAWH (+30 points), OGDC (+27 points) and ENGRO (+27 points). Stocks that contributed negatively include HUBC (-27 points), COLG (-13 points), DGKC (-10 points), PMPK (-8 points), and FCCL (-7 points).

KARACHI: The stock market increased by 105 points on Thursday in a narrow band trading activities.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 35,758 points as against 35,6553 points showing an increase of 105 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range between -195 points and +181 points, closing the session +105 points.

Higher than expected inflation caused concern amongst investors about the upcoming monetary policy, where a few days back market had consensus view of a rate cut.

Selling activity was therefore observed in Cement and Steel sectors largely, which have lately seen consistent rally before and after recent announcement of financial results.

Consistent with recent trading pattern, technology sector registered the most trading volume with 68.2 million shares, followed by Cement (30.4 million) and Chemical (19.5 million).

Among scrips, WTL led the volumes with 45.8 million shares, followed by PAEL (16.7 million) and ICIBL (13.6 million).

Sectors contributing to the performance include (Fertilizer (+60 points), O&GMCs (+29 points), E&P (+23 points), Tobacco (+21 points), Autos (+20 points) and Cement (-43 points).

Volumes declined further from 298.1 million shares to 265.8 million shares (-11 percent DoD). Average traded value also declined by 24 percent to reach US$ 51.5 million as against US$ 67.7 million.

Stocks that contributed significantly to the volumes include WTL, PAEL, ICIBL, HUMNL and MLCF, which formed 38 percent of total volumes.

Stocks that contributed positively include PAKT (+29 points), ENGRO (+28 points), POL (+26 points), PSO (+23 points) and HUBC (+19 points). Stocks that contributed negatively include DGKC (-15 points), NESTLE (-11 points), FCCL (-11 points), DAWH (-10 points), and LUCK (-9 points).

KARACHI: The stock market gained 295 points on Wednesday in mixed trading activities.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 35,653 points as against 35,358 points showing an increase of +295 points.

Analysts at Arif Habib Limited said that the market showed early signs of resistance today, where the index increased by 627 points during the session, but selling pressure brought the net gain to +295 points in the end.

Buying activity was evident across the board, on the back of reduction in NSS rates.

That gave confidence to investors for further accumulation, despite index already registering a significant surge.

Overall trading volumes registered close to 300 million – mark, an inch below yesterday’s levels. Cement sector led the volumes with 45.1 million shares, followed by Chemical (29.5 million) and Technology (28 million).

Among scrips, WTL again led the volumes with 15.8 million shares, followed by FCCL (15.7 million) and KEL (14.7 million).

Sectors contributing to the performance include Cement (+53 points), Inv Banks (+45 points), Fertilizer (+25 points), Food (+24 points) and Tobacco (+23 points).

Volumes declined from 297.6 million as against 308.5 million (-4 percent DoD). Average traded value, on the contrary, increased by 21 percent to reach US$ 67.6 million as against 55.8 million.

Stocks that contributed significantly to the volumes include WTL, FCCL, KEL, UNITY and PAEL, which formed 25 percent of total volumes.

Stocks that contributed positively include DAWH (+42 points), PAKT (+31 points), PPL (+22 points), LUCK (+20 points) and EFERT (+16 points). Stocks that contributed negatively include OGDC (-14 points), POL (-10 points), PMPK (-7 points), FFC (-7 points), and COLG (-6 points).

KARACHI: The stock market gained 81 points on Tuesday in an aggressive buying session.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 35,358 points as against 35,277 points showing an increase of 81 points.

Analysts at Arif Habib Limited said that the market showed vibrancy in the early hours of trading that saw an increase of 331 points in total, but ending the session at 81 points.

Banks and E&P sector largely resisted the increase in index, besides LUCK among cement sector stocks.

Fertilizer sector showed mixed trend, however, Chemical, O&GMCs and Autos sector contributed positive to the Index.

On the back of possible expansion from ARY Communications, WTL performed well and registered high trading volumes (27 percent of total volumes).

In addition, overall trading volumes also hit a consecutive recent high of 300 million. Technology sector remained in the limelight with 99.4 million shares, followed by Cement (40.8 million) and Chemical (28.4 million).

Among scrips, WTL realized volumes of 81.7 million, followed by MLCF (15.3 million) and LOTCHEM (12.7 million).

Sectors contributing to the performance include Fertilizer (+28 points), Autos (+21 points), Chemical (+20 points), Textile (+18 points), O&GMCs (+18 points), Power (-34 points) and Banks (-24 points).

Volumes increased further from 207.8 million shares to 308.1 million shares (+48 percent DoD). Average traded value also increased by 2 percent to reach US$ 55.6 million as against US$ 54.4 million.

Stocks that contributed significantly to the volumes include WTL, MLCF, LOTCHEM, TRG and EPCL, which formed 42 percent of total volumes.

Stocks that contributed positively include ENGRO (+32 points), MCB (+32 points), SNGP (+21 points), INDU (+14 points) and COLG (+9 points).

Stocks that contributed negatively include HUBC (-43 points), UBL (-19 points), LUCK (-15 points), FFC (-13 points), and HBL (-12 points).

KARACHI: The stock market gained 900 points or 2.6 percent on Monday on expectations of ease in policy rate.

The Index closed at 35,277 points as against 34,378 points showing an increase of 900 points.

Analysts at Arif Habib Limited said expectation of volumetric increase in Cement dispatches fueled buying activity since Wednesday, and the confirmation thereof gave confidence to the investors of their thesis.

Cut in policy rate by SBP is also on the anvil, whereby market is keenly waiting for more cues from monthly CPI (yet to be released) and downward adjustment of NSS rates (which are linked in PIB yields, and again yet to be materialized).

Temperature on political front also seemed to be cooling-off, giving way to the talks of NRO with jailed politicians. Overall, the situation seems ripe for the re-conversion of funds lately deployed in Fixed income back into Equities that in itself means significant jump in the index as the majority of the AUMs of the mutual fund industry went to money market funds.

Overall, the index gained 931 points and closed the session at +900 points. The Index also crossed 35k level after 4 months.

Major activity was seen in Cement sector with 34.6 million shares, followed by Banks (20.7 million) and Engineering (18.6 million). Among scrips, FCCL led trading volumes with 11.2 million shares, followed by HASCOL (9.4 million) and BOP (8.8 million).

Sectors contributing to the performance include Banks (+273 points), Fertilizer (+135 points), E&P (+114 points), Cement (+90 points) and Power (+84 points).

Volumes increased from 157.1 million shares to 207.5 million shares (+32 percent DoD). Average traded value also increased by 31 percent to reach US$ 54.3 million as against US$ 41.5 million.

Stocks that contributed significantly to the volumes include FCCL, HASCOL, BOP, UNITY and KEL, which formed 22 percent of total volumes.

Stocks that contributed positively include HBL (+94 points), MCB (+74 points), HUBC (+73 points), ENGRO (+58 points) and LUCK (+49 points). Stocks that contributed negatively include ANL (-2 points), APL (-1 points), SCBPL (-1 points), GHGL (-1 points), and SRVI (-1 points).

KARACHI: The stock market likely to stay positive during next week owing to improving macroeconomic position, analysts said.

Analysts at Arif Habib Limited said that market to remain positive on the back of improving macroeconomic position, country witnessing foreign net inflows in T-bills (USD 441 million in FY20TD), agreement between government and traders, and decline in fixed income yields.

Furthermore we expect a successful first quarter review with IMF team that will lead towards disbursement of second tranche of USD 455 million.

However, any mishap between government and opposition protesters could pose downside risks to market performance.

The KSE-100 is currently trading at a PER of 5.9x (2020) compared to Asia Pac regional average of 13.6x while offering a dividend yield of ~9.3 percent versus ~2.6 percent offered by the region.

During the outgoing week, despite political uncertainty, trading commenced on a positive note attributable to Prime Minister Imran Khan deferring axle load policy for a year along with meagre increase in cement prices in the Northern Region (as per PBS).

Both developments stimulated bullish momentum in the cement sector. On the other hand, traders called off their two days strike as government agreed to the demands of traders.

Moreover, significant decline in money market yields and impressive tax collection for the month of Oct’19 (increased by 16 percent YoY to PKR 320bn) improved investors’ sentiments.

As a result, the benchmark KSE-100 index closed above the 34K mark at 34,378 points, increasing by 720 points or 2.14 percent WoW.

Contribution to the upside was led by i) Banking Sector (+189 points) ii) Cement Sector (+187 points), iii) Oil and Gas Marketing (+96 points), iv) Fertilizer (+88 points), and v) Power (+61 points).Scrip wise major gainers were DAWH (+83 points), MCB (+81 points), PSO (+78 points), LUCK (+51 points), and DGKC (+46 points). Whereas, scrip wise major losers were FFC (-42 points), OGDC (-20 points), and NESTLE (-17 points).

Foreign offloaded stocks worth of USD 3.13 million compared to a net buy of USD 2.78 million last week. Major selling was witnessed in E&P (USD 2.06 million) and Textile (USD 1.34 million).

On the local front, buying was reported by Companies (USD 5.00 million) followed by Mutual Funds (USD 2.79 million). That said, average daily volumes for the outgoing week were massively up by 34 percent to 166mn shares likewise value traded increased by 41 percent to USD 36 million.

KARACHI: The stock market gained 174 points on Friday amid protest rally staged by opposition parties.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,378 points as against 34,204 points showing an increase of 174 points.

Analysts at Arif Habib Limited said that the market largely traded positive, although the benchmark index saw a drawdown of 96 points, but closed the session 174 points.

Second session proved dramatic, when Azadi March protesters were relayed on TV screens demonstrating the strength that reflected negatively on the market.

The index however, recovered during MoC and buying activity resumed with full vigour. E&P, Autos and Fertilizer largely took bearish stance, whereas Cement, OMCs and large cap blue chip stocks performed well on the bourse.

Sector wise activity showed Cement leading the table with 46.2 million shares (contributed by FCCL, MLCF, PIOC and DGKC among top 10 volume leaders), followed by Technology (11.7 million) and Banks (11 million).

Among scrips, FCCL realized trading volume of 12.9 million shares, followed by MLCF (10.8 million) and STPL (9.1 million).

Sectors contributing to the performance include Cements (+67 points), Banks (+63 points), Power Generation (+41 points), Fertilizer (+23 points) and Inv Banks (+14 points).

Volumes decreased from 184.0 million shares to 157.1 million shares (-14.6 percent DoD). Average traded value also decreased by 6 percent to reach US$ 41.5 million as against US$ 44.1 million.

Stocks that contributed significantly to the volumes include FCCL, MLCF, STPL, BOP and KEL, which formed 30 percent of total volumes.

Stocks that contributed positively include HUBC (+39 points), LUCK (+32 points), MARI (+23 points), BAFL (+19 points) and MCB (+17 points). Stocks that contributed negatively include OGDC (-16 points), PPL (-16 points), PMPK (-10 points), POL (-7 points), and BAHL (-5 points).

KARACHI: The stock market gained 442 points on Thursday despite political uncertainty due to Azadi March (protest relly) launched by JUI-F.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,204 points as against 33,761 points showing an increase of 442 points.

Analysts at Arif Habib Limited said that despite the political uncertainty imbued by JUI (F)’s Azadi March (protest rally), market took rather positive cue from yesterday’s PIB auction.

The yields dropped further, especially in 10-year bond that cemented the view of rate cut in the coming monetary policy.

Announcement of next PIB’s auction before the next monetary policy also helped professional money managers take a view that the yields will drop further or at least maintain, which becomes the reason for reconversion of funds deployed in fixed income back to equities.

Buying activity was observed across the board, especially in E&P, Cement and Banking sectors, which kept the stock prices at high level.

The index moved uni-directional and made a high of 545 points, closing the session at +442 points. Technology sector realized trading volume of 31.4 million shares, followed by Cement (25.1 million) and Banks (20.2 million).

Among scrips, WTL again led the volumes with 24.2 million followed by BOP (9.1 million) and MLCF (8.5 million).

Sectors contributing to the performance include Banks (+113 points), E&P (+71 points), Fertilizer (+57 points), Cement (54 points) and Inv Banks (+47 points).

Volumes increased from 129.9 million shares to 183.9 million shares (+42 percent DoD). Average traded value also increased by 37 percent to reach US$ 44.1 million as against US$ 32.2 million.

Stocks that contributed significantly to the volumes include WTL, BOP, MLCF, PPL and STPL, which formed 30 percent of total volumes.

Stocks that contributed positively include ENGRO (+55 points), MCB (+51 points), DAWH (+45 points), PPL (+37 points) and PSO (+34 points). Stocks that contributed negatively include PAKT (-32 points), NESTLE (-12 points), FFC (-11 points), MUREB (-5 points), and HASCOL (-3 points).

KARACHI: The stock market ended down by 36 points on Wednesday in narrow band trading.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,761 points as against 33,798 points showing decline of 36 points.

Analysts at Arif Habib Limited said that KSE-100 index opened on a positive note, but repeated the activity seen yesterday.

Index traded in a narrow band between+154 points and -127 points, ending the session -36 points from yesterday’s closing. A host of quarterly results were announced today, but failed to leave a positive impression on stock price in a major way.

HASCOL finally announced issuance of400 percent Rights that caused some jitters, with the stock price closing the session near LDCP.

Cement and Steel sectors again showed selling pressure, although some of the key stocks like MUGHAL, ASTL, DGKC, MLCF ended the session positive.

Technology sector again realized highest trading volume with 17.2 million shares, followed by Engineering (16.8million) and Cement (15.9 million).

Among scrips, WTL led the volumes with 13.3million, followed by UNITY (7.5 million) and MLCF (7.1 million).

Sectors contributing to the performance include O&GMCs (+35 points), Tobacco (+31 points), Fertilizer(-39 points), Miscellaneous (-31 points), Banks (-30 points), Power (-21 points).

Volumes declined again from 225.1million shares to 129.8 million shares (-42 percent DoD). Average traded value also declined by 8 percent to reach US$ 32.1 million as against US$ 34.8million.

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

Stocks that contributed positively include PSO (+32 points), PAKT (+31 points), DAWH (+27 points), SEARL (+15points) and MCB (+11 points). Stocks that contributed negatively include PSEL(-24 points), ENGRO (-22 points), HBL (-15 points), LUCK (-15 points), and FFC(-12 points).