Tag: Pakistan Stock Exchange

The Pakistan Stock market experienced a minor setback on Tuesday as the benchmark KSE-100 index fell by 160 points, closing at 33,476 points, down from the previous day’s 33,636 points. This decline comes despite the overall positive sentiment that has driven the market in recent weeks.

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KARACHI: The stock market gained 604 points on Monday owing to expected positive outcome of Prime Minister’s visit to China.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,637 points as against 33,033 points showing an increase of 604 points.

Analysts at Arif Habib Limited said that PM’s visit to China took precedence over AsiaPacific Group’s (APG) latest release of its report on Pakistan’s compliance with recommended measures to counter AML/CFT, which will also be subject of discussion from mid of October at FATF plenary session.

Investors are hopeful of PM’s visit to China and believe that the outcome will be positive for Pakistan.

After an initial drop of 86 points earlier in the session, the market went ahead with a jump of 818 points and closed the session 604 points.

Today, yet again, proved to be highest volumes traded session in last 12 months with 391.5 million shares, the analysts said.

Majority of the volumes were observed in Banking sector with 68 million shares contributed by BOP (40 million), which was followed by Cement (44 million) and Technology (40 million).

Among scrips, UNITY and KEL followed BOP with 25 million shares and 17 million shares respectively.

Sectors contributing to the performance include Banks +198 points), E&P (+103 points), Cement (+67 points), Fertilizer (+54 points) and O&GMCs (+45 points).

Volumes increased substantially from 261.8 million shares to 392.1 million shares (+50 percent DoD).

Average traded value also increased by 35 percent DOD to reach US$ 64.6 million as against US$ 47.7 million.

Stocks that contributed significantly to the volumes include BOP, UNITY, KEL, LOTCHEM and PIBTL, which formed 29 percent of total volumes.

Stocks that contributed positively include PPL (+45 points), BAHL (+40 points), LUCK (+37 points), UBL (+35 points) and FFC (+33 points). Stocks that contributed negatively include PAKT (-25 points), PMPK (-11 points), COLG (-11 points), EFUG (-7 points), and EFERT (-4 points).

KARACHI: The stock market likely to stay positive during next week but there are chances of profit taking, analysts said.

Analysts at Arif Habib Limited said that the market to remain positive in the coming week. However profit-taking cannot be ruled out.

Major developments next week include PM Khan’s visit to China aimed at reviving CPEC Projects and removing impediments.

The KSE-100 index is currently trading at a PER of 5.8x (2020) compared to Asia Pac regional average of 13.0x and while offering DY of ~9.4 percent versus ~2.5 percent offered by the region.

KSE-100 commenced on a positive note this week amid 1QFY19 tax collection being reported at 90 percent of the IMF target. Investors’ expectations seemed to reflect optimism with regards to the first quarter IMF targets being met.

Moreover news of increase in cement prices in the Northern Region as per PBS was the major driver for the Cement sector throughout the week.

Later in the week a meeting of business community with the Army Chief and PM Khan improved the sentiment further due to anticipation of remedial measures to address outstanding economic issues.

Despite decline in international crude oil prices the Oil & Gas Exploration scrips resisted pressure. The overall positivity in the investment climate was complimented by jubilant volumes. The KSE-100 index gained 962 points (up by 3.00 percent) WoW, closing at 33,033 points.

Sector-wise positive contributions came from i) Commercial Banks (231 points), ii) Cements (189 points), iii) Power Generation & Distribution (96 points), iv) Oil & Gas Marketing (93 points), and v) Fertilizer (68 points). Scrip-wise positive contributions were led by HBL (103 points), HUBC (52 points), ENGRO (51 points), DGKC (50 points) and NBP (50 points).

Foreign selling continued this week clocking-in at USD 4.7 million compared to a net sell of USD 8.8 million last week. Selling was witnessed in Commercial Banks (USD 4.6 million) and Food and Personal Care (USD 1.7 million).

On the domestic front, major buying was reported by Other Organizations (USD 4.9 million) and individuals (USD 4.4 million). Average Volumes settled at 223 million shares (up by 106 percent WoW) while average value traded clocked-in at USD 40 million (up by 58 percent WoW).

KARACHI: The stock market gained 281 points on Friday owing to buying activities seen in various sectors.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,033 points as against 32,752 points showing an increase of 281 points.

Analysts at Arif Habib Limited said that buying activity was mainly seen in Cement and Steel sectors, and was further aided by O&GMCs, E&P and Banks.

Optimism in the market is fueled by the meeting of leading businessmen with the Army Chief, the Prime Minister and his Economic team and has given hope to market participants of resolution of issues that were affecting the bourse for long.

Technology Sector topped the volumes with 50.1 million shares followed by Cement (35.8 million) and Engineering (+31.1 million).

Among scrips, WTL stood out with 33.2 million shares along with DSL (15.2 million) and UNITY (13.5 million).

Sectors contributing to the performance include E&P (+60 points), Banks (+36 points), O&GMCs (+35 points), Fertilizer (+31 points), Power (+30 points).

Volumes declined as compared to yesterday from 324 million shares to 261.7 million shares (-19 percent DoD). Average traded value also declined by 18 percent to reach US$ 47.7 million as against US$ 58.2 million.

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

Stocks that contributed positively include OGDC (+36 points), HUBC (+22 points), NBP (+18 points), SNGP (+18 points) and ENGRO (+16 points). Stocks that contributed negatively include UBL (-12 points), COLG (-11 points), EPCL (-3 points), FCCL (-3 points), and PIBTL (-3 points).

KARACHI: The stock market gained 389 points on Thursday as sentiments of business community were high after meeting with Chief of Army Staff (COAS).

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,752 points as against 32,363 points showing an increase of 389 points.

Analysts at Arif Habib Limited said that the market stayed pumped up the entire session after an initial drop of 83 points earlier in the session.

Although oil prices showed negative trend, E&P scrips managed to stay afloat with nominal price gains. Several stocks in Cement, Refinery and OMCs hit upper circuit.

Meeting of businessmen with Army Chief improved sentiments at the bourse, with the expectation of concrete steps being taken now onwards.

Investors put fears of FATF, higher interest rate and Inflationary concerns on the back burner and took positive view on market.

Overall volumes hit a new high of CY19 with 324 million shares. Cement sector led the volumes with 39.1 million shares, followed by Power (+37.8 million) and Engineering (31.6 million).

Among scrips, KEL managed to post 35.7 million shares followed by UNITY (22.7 million) and DSL (11.8 million).

Sectors contributing to the performance include Banks (+90 points), Cement (+65 points), Fertilizer (+55 points), Power (+40 points), O&GMCs (+27 points).

Volumes hit an 11month high of 324.1 million shares against 181.4 million shares (+79 percent DoD). Average traded value also surged by 68 percent DoD to reach US$ 58.2 million as against US$ 34.7 million.

Stocks that contributed significantly to the volumes include KEL, UNITY, DSL, MLCF and TRG, which formed 29 percent of total volumes.

Stocks that contributed positively include HBL (+31 points), LUCK (+28 points), ENGRO (+24 points), KEL (+20 points) and FFC (+20 points). Stocks that contributed negatively include POL (-9 points), MUREB (-6 points), COLG (-5 points), NESTLE (-3 points), and GHGL (-3 points).

KARACHI: The stock market ended with gain of 109 points on Wednesday while trading in a narrow range activity.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,363 points as against 32,254 points showing an increase of 109 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range between +134 points and -74 points, closing the session at +130 points. Oil, as usual, had a field day with international crude prices on the decline.

Refinery and OMCs remained unaffected from decline in oil prices. Cement sector stayed in the limelight on the back of potential increase in cement price in North Region that had investors buying cement scrips consecutively.

By the end of session, WTL announced intention to acquire more than 30 percent shares by Elko Broadband Inc that gave perspective to consistently high volumes in WTL.

On the whole, Cement sector led the volumes table with 46.2 million shares, followed by Technology (21.7 million) and Vanaspati (15.9 million). MLCF topped the charts with 16.3 million shares, followed by UNITY (15.9 million) and WTL (13.5 million).

Sectors contributing to the performance include Banks (+99 points), Cement (+47 points), O&GMCs (+18 points), E&P (-45 points), Fertilizer (-19 points).

Volumes maintained the level seen yesterday with 181.3 million shares against 180.7 million shares (+0.3 percent DoD). Average traded value increase by 8 percent to reach US$ 34.7 million as against US$ 32 million.

Stocks that contributed significantly to the volumes include MLCF, UNITY, WTL, KEL and FCCL, which formed 36 percent of total volumes.

Stocks that contributed positively include HBL (+82 points), UBL (+20 points), NBP (+12 points), DGKC (+12 points) and BAFL (+11 points). Stocks that contributed negatively include OGDC (-20 points), DAWH (-18 points), MCB (-17 points), PPL (-13 points), and POL (-12 points).

The Pakistan stock market witnessed a positive session on Tuesday, with the benchmark KSE-100 index gaining 175 points. The index closed at 32,254 points, up from the previous close of 32,079 points, driven by buying interest in several key sectors.

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KARACHI: The share market gained eight points on Monday in a mixed trading activity.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,079 points as against 32,070 points showing an increase of 8 points.

Analysts at Arif Habib Limited said that the first day of the week coincided with last day of September.

Activity in the market on close reflected an increase in prices of blue chip stocks, which must have helped institutions maintaining value of their portfolios.

Overall, market went up by 324 points against a later decline towards -141 points.

E&P scrips along with MCB and HUBC managed to keep the index float, however, the price gains in these stocks were not significant.

The 100 Index managed to post decent volumes at 165 million shares as compared to last trading session, most of which came from Power sector (61.6 million) followed by Cement (18.5 million) and Banks (16.3 million).

KEL emerged top among volume leaders with 55.4 million shares, followed by BOP (10.8 million) and WTL (9.1 million).

Sectors contributing to the performance include E&P (+42 points), Fertilizer (+14 points), Banks (-26 points), Tobacco (-11 points) and Investment Banks (-11 points).

Volumes increased from 135.2 million shares to 165.2 million shares (+22 percent DoD).

Average traded value, on the contrary, witnessed a decline of -0.8 percent DoD from US$ 27.2 million against US$ 27 million.

Stocks that contributed significantly to the volumes include KEL, BOP, WTL, MLCF and PIBTL, which formed 53 percent of total volumes.

Stocks that contributed positively include PPL (+29 points), POL (+14 points), BAFL (+10 points), EFUG (+7 points) and EFERT (+6 points). Stocks that contributed negatively include HBL (-23 points), LUCK (-16 points), PMPK (-11 points), DAWH (-11 points), and UBL (-8 points).

KARACHI: The stock market may move in positive territory next week owing to narrow trade deficit and stable foreign exchange reserves.

Analysts at Arif Habib Limited said that the market to be positive during the coming week.

“With the trade deficit narrowing and foreign reserves stabilizing investor sentiment is likely to be positive,” they added.

KSE-100 index commenced on a negative note this week, with SBP forecasting the inflation to remain high for the next two years.

Moreover the ADB projected a slowdown in the economy which kept the sentiment weak. However, the recent improvement on the macro-economic front cushioned the dip and positive news flow from the US regarding the Kashmir issue uplifted sentiments on Friday. The index closed at 32,070 points (-40 points WoW).

Sector-wise negative contributions came from i) Commercial Banks (122 points), ii) Power Generation & Distribution (24 points), iii) Chemical (21 points), iv) Pharmaceuticals (14 points), and v) Automobile Parts & Accessories (13 points). Scrip-wise negative contributions were led by HBL (67 points), HUBC (56 points), UBL (29 points), SEARL (27 points) and NBP (23 points).

Foreign selling was witnessed this week clocking-in at USD 8.8 million compared to a net buy of USD 7.8 million last week. Selling was witnessed in Cement (USD 2.4 million) and Commercial Banks (USD 2.2 million).

On the domestic front, major selling was reported by Banks/DFIs (USD 6.7 million) and Broker Proprietary Trading (USD 6.2mn). Average Volumes settled at 108 million shares (down by 12 percent WoW) while average value traded clocked-in at USD 25 million (down by 24 percent WoW).