Tag: Pakistan Stock Exchange

KARACHI: The stock market ended down by 64 points on Tuesday while traded in narrow band.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,798 points as against 33,862 points showing a decline of 64 points.

Analysts at Arif Habib Limited said that the market traded in a narrow band of -146 points and +155 points, testing 34,000 level again but closed below this level -64 points.

Cement and Steel sectors that have been in the limelight lately braced selling pressure.

Though earlier in the session, cement sector blue chips hit upper circuit but later profit booking brought stock prices down.

Other than steel and cement, E&P and O&GMCs also faced selling activity mainly due to expectation of poor results of O&GMCs and otherwise lower international crude oil prices.

Technology sector led the volumes with 43.6 million shares, followed by Cement (36.1 million) and Banks (31.5 million).

Among scrips, WTL registered trading volume of 37.5 million shares, followed by BOP (22.5 million) and PIBTL (10.6 million).

Sectors contributing to the performance include Banks (-24 points), Fertilizer (-16 points), O&GMCs (-13 points), Insurance (-12 points) and Chemical (-11 points).

Volumes increased significantly from 135.6 million shares to 224.8 million shares (+66 percent DoD. Average traded value also increased by 32 percent DoD to reach US$ 34.8 million as against US$ 26.3 million.

Stocks that contributed significantly to the volumes include WTL, BOP, PIBTL, FCCL and MLCF, which formed 39 percent of total volumes.

Stocks that contributed positively include PSEL (+23 points), BOP (+12 points), SEARL (+10 points), FFBL (+7 points) and GLAXO (+6 points). Stocks that contributed negatively include OGDC (-13 points), ENGRO (-13 points), LUCK (-13 points), COLG (-11 points), and BAHL (-11 points).

KARACHI: The stock market gained 204 points on Monday in mixed trading activities during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,862 points as against 33,657 points showing an increase of 204 points.

Analysts at Arif Habib Limited said that end of rollover week saw market activity picking pace with the benchmark index trading near 34,000 level after an initial jolt of 85 points earlier in the session.

At a time, market went up by 350 points (crossing 34k level briefly) and ended the session +204 points.

Cement sector performed well due to the news of deferment of axle load policy for a year, resulting in cement sector scrips trading at and near upper circuit, although recently announced financial results were poorer than expectation. Mainly fertilizer and banking sector scrips saw selling activity.

Cement sector led the volumes table with 22.7 million shares followed by Transport (15.1 million) and Engineering (14.4 million).

Among scrips, PIBTL led trading volumes with 12.7 million shares, followed by TRG (7.6 million) and FCCL (7 million).

Sectors contributing to the performance include Cement (+72 points), Banks (+66 points), O&GMCs (+32 points), Pharma (+17 points), Power (+15 points), E&P (-23 points) and Fertilizer (-20 points).

Volumes declined from 170.9 million shares to 135.5 million shares (-21 percent DoD). Average traded value, on the other hand, registered a slight increase of 2 percent DoD to reach US$ 26.3 million as against US$ 25.8 million.

Stocks that contributed significantly to the volumes include PIBTL, TRG, FCCL, HASCOL and UNITY, which formed 29 percent of total volumes.

Stocks that contributed positively include LUCK (+29 points), HBL (+27 points), BAHL (+21 points), PSO (+16 points) and FCCL (+14 points). Stocks that contributed negatively include FFC (-17 points), COLG (-12 points), MARI (-10 points), BAFL (-10 points), and PPL (-10 points).

KARACHI: The stock market likely to remain range bound during next week due to political uncertainty with JUI-F to hold “Azadi March”.

Analysts at Arif Habib Limited said that on the economic front, narrowing current account deficit and improving foreign reserves serves as a good omen for overall confidence in the market. With the result season continuing next week, we expect activity to be influenced accordingly.

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 13.3x and while offering DY of ~9.4 percent versus ~2.4 percent offered by the region.

The market commenced on a negative note with FATF warning to Pakistan echoing from last Friday. The negativity was cushioned as Pakistan steeply climbed the World Bank Ease of Doing Business Index from 136th to 108th. Further inversion in T Bill yields continued to improve sentiment.

However duress on the political front amid opposition preparing for a protest against the government dampened sentiment towards end of the week. The KSE-100 Index closed at 33,657 points, shedding 213 points (down by 0.6 percent) WoW.

Sector-wise negative contributions came from i) Commercial Banks (108 points), ii) Cement (104 points), and iii) Power Generation & Distribution (76 points) while positive contributions were led by i) Oil & Gas Exploration Companies (118 points), ii) Food & Personal Care Products (47 points) and iii) Fertilizer (30 points). Scrip-wise negative contributions were led by LUCK (58 points), BAHL (44 points), HUBC (42 points), PSEL (35 points) and HBL (35 points).

Foreign buying was witnessed this week clocking-in at USD 2.8 million compared to a net sell of USD 2.1 million last week. Buying was witnessed in Cement (USD 2.0 million) and Fertilizer (USD 1.2 million). On the domestic front, major selling was reported by Individuals (USD 3.1 million) and Companies (USD 2.2 million).

Average Volumes settled at 125 million shares (down by 11 percent WoW) while average value traded clocked-in at USD 25 million (down by 17 percent WoW).

KARACHI: The stock market ended down by 105 points on Friday mainly responded to financial results. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,657 points as against 33,762 points showing a decrease of 105 points.

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KARACHI: The stock market gained 323 points on Thursday as investors confident on ease of interest rate in upcoming policy announcement.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,72 points as against 33,440 points showing an increase of 323 points.

Analysts at Arif Habib Limited said that today’s activity at the bourse was more of a déjà vu.

Similar performance was witnessed yesterday, however, on the whole the 800 points loss that market saw on Monday (on the back of FATF news) was largely recovered in the past 2 sessions.

Cement, Steel, OMCs, E&P and Banks contributed to the positive sentiments, although Cement sector braced poorer than expected financial results of MLCF.

Overall, the benchmark index saw an increase of 423 points, ending the session +323 points (unadjusted). Investors seemingly had firm view on decline in interest rates, expected to be announced in November by SBP, and the same was evident from yesterday’s t-bill auction that saw further inversion of yield curve in short tenor instruments.

Technology sector led the volumes with 24.6 million shares, followed by Engineering (16.1 million) and Cement (14.5 million).

Among scrips, WTL realized 17.2 million shares in trading volumes, followed by DSL (5.4 million) and LOTCHEM (5.1 million).

Sectors contributing to the performance include E&P (+115 points), Banks (+78 points), Fertilizer (+38 points), O&GMCs (+26 points) and Food (+19 points).

Volumes increased from 116.9 million shares to 121.2 million shares (+4 percent DoD). Average traded value also increased by 11 percent to reach US$ 25.5 million from US$ 23 million.

Stocks that contributed significantly to the volumes include WTL, DSL, LOTCHEM, TRG and FCCL, which formed 31 percent of total volumes.

Stocks that contributed positively include OGDC (+41 points), POL (+32 points), PPL (+27 points), ENGRO (+24 points) and MCB (+20 points).

Stocks that contributed negatively include MTL (-6 points), FATIMA (-4 points), LUCK (-3 points), MLCF (-3 points), and FML (-3 points).

KARACHI: The stock market gained 241 points on Wednesday after ease in tension on political front.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,440 points as against 33,199 points showing an increase of 241 points.

Analysts at Arif Habib Limited said that the market responded positively to an earlier rumor of rapprochement between Government and JUI (F) on protest and long march. The rumor became news by the end of the session.

Prior to MoC, the index realized an upside of 441 points and during MoC sustained loss of approx. 150 points due to selling pressure in leading Cement sector scrips. DGKC, LUCK and MLCF saw selling pressure on the back of expectation of loss in the upcoming quarterly financials, due to be announced in the coming days.

E&P Sector responded positively to the increase in international crude prices, witnessed in the morning and maintained the levels, although crude prices went down later during the day.

Besides, banking sector also retained interest from investors, which helped the index trade at elevated levels.

Technology sector led the volumes table with 176 million shares, followed by Cement (11.5 million) and Chemical (10.2 million).

Among scrips, WTL registered 12.6 million shares, followed by LOTCHEM (6.7 million) and QUICE (6.6 million).

Sectors contributing to the performance include E&P (+96 points), Fertilizer (+52 points), Banks (+44 points), Food (+20 points), Transport (+12 points) and Miscellaneous (-17 points).

Volumes increased from 83.6 million shares to 116.9 million shares (+40 percent DoD). Average traded value also increased by 13 percent to reach US$ 23 million as against US$ 20.5 million.

Stocks that contributed significantly to the volumes include WTL, LOTCHEM, QUICE, UNITY and BOP, which formed 30 percent of total volumes.

Stocks that contributed positively include ENGRO (+42 points), OGDC (+30 points), MCB (+28 points), POL (+27 points) and PPL (+24 points). Stocks that contributed negatively include PSEL (-17 points), LUCK (-9 points), DAWH (-8 points), KAPCO (-7 points), and KTML (-5 points).

KARACHI: The stock market gained 114 points on Tuesday while trading in narrow band during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,199 points as against 33,085 points showing an increase of 114 points.

Analysts at Arif Habib Limited said that the market traded largely in a narrow band, oscillating between +155 points and -124 points, and ending the session +114 points.

Low volumes were witnessed amidst selling pressure in Cement, Steel, Banking sectors. Concerns over activity on Borders with India, political uncertainty due to JUI (F)’s protest and FATF reverberated today.

Chemical sector led the volumes with 13.4 million shares, followed by Cement (10.9 million) and Technology (7.5 million).

Among scrips, LOTCHEM garnered 10.8 million shares in trading volume, followed by TRG (4.1 million) and FFC (3.4 million). Market seemed to lack luster, paying little interest in better than expected results announced recently.

Sectors contributing to the performance include Banks (+38 points), Power (+19 points), E&P (+15 points), Food (+13 points), O&GMCs (+11 points) and Fertilizer (-10 points).

Volumes declined from 130.3 million shares to 83.6 million shares (-36 percent DoD). Average traded value also declined by 36 percent to reach US$ 20.4 million as against US$ 1.8 million.

Stocks that contributed significantly to the volumes include LOTCHEM, TRG, FFBL, HASCOL and DGKC, which formed 29 percent of total volumes.

Stocks that contributed positively include HBL (+22 points), HUBC (+18 points), MCB (+15 points), NESTLE (+15 points) and DAWH (+13 points). Stocks that contributed negatively include ENGRO (-10 points), BAFL (-7 points), DGKC (-6 points), FFBL (-6 points), and JLICL (-6 points).

KARACHI: The stock market fell 785 points on Monday owing to decision of Financial Action Task Force (FATF) an its warning on compliance by February 2020.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,085 points as against 33,870 points showing a decline of 785 points.

Analysts at Arif Habib Limited said that the market took heavy bantering today on the basis of latest decision of FATF to keep Pakistan in grey list.

“Although, the market participants had same expectation, by and large, what took them by surprise was the intimation and warning tone by the FATF, in case this last extended deadline till February 2020 fails to meet objective,” they said.

Besides, beginning of rollover week has its own effect, which resulted in index losing around 800 points during the session and closing at -785 points.

Selling was observed across the board, with 273 scrips showing decline among actively traded stocks on all share index, 38 in Advance and 15 unchanged.

Banking sector led the volumes table with 19.3 million shares followed by Cement (18.1 million) and Chemical (15.1 million).

Among scrips, KEL registered highest volumes with 11.2 million shares, followed by LOTCHEM (9.8 million) and BOP (7.9 million).

Sectors contributing to the performance include Banks (-227 points), E&P (-107 points), Cement (-91 points), Power (-75 points), O&GMCs (-66 points).

Volumes increased from 115.2 million shares to 130.1 million shares (+13 percent DoD). Average traded value increased slightly from US$ 31.4 million to US$ 31.7 million (+1 percent DoD).

Stocks that contributed significantly to the volumes include KEL, LOTCHEM, BOP, FCCL and UNITY, which formed 33 percent of total volumes.

Stocks that contributed positively include NESTLE (+12 points), ATLH (+4 points), JICL (+4 points), SHFA (+3 points) and KTML (+2 points). Stocks that contributed negatively include HBL (-50 points), MCB (-49 points), LUCK (-47 points), HUBC (-46 points), and PPL (-42 points).