Tag: Pakistan Stock Exchange

KARACHI: The share market plunged by 1.53 percent on Monday due to spike in tension between Pakistan and India at Line of Control (LoC).

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 31,181 points as against 31,666 points showing a decline of 486 points.

Analysts at Topline Securities said that KSE-100 index lost 486 points/-1.53 percent in today’s session to close at 31,180.

The spike in tensions between two neighboring countries India & Pakistan at LOC (Line of control) was heightened as India has revoked article 370 in Kashmir valley through a presidential decree.

They said that investor sentiments remained negative due to hurdles faced by the much anticipated market support fund as government is facing issues due to IMF restriction on issuance of sovereign guarantee.

Analysts at Arif Habib Limited said that declining cement dispatches, Concerns raised by O&GMCs on RLNG intake and India’s amendment in its Parliament relating to Kashmir caused a major blow to Investor sentiment.

Resultantly, Banks, Power, Steel, Cement, E&P etc traded in red and contributed most to the downfall of Index. Overall volumes reached 52 million, led by Cement Sector. MLCF ranked highest on the volumes table with 4.8 million shares, followed by TRG (4.2 million) and ISL (3.5 million).

Sectors contributing to the performance include Banks (-195 points), E&P (-75 points), Power Generation (-52 points), Fertilizer (-42 points) and O&GMCs (-26 points).

Volumes increased from 46.5 million shares to 52.0 million shares (+12 percent DoD). Whereas, average traded value registered a decline of 12 percent DoD to reach US$ 11.3 million as against US$ 12.8 million.

Stocks that contributed significantly to the volumes include MLCF, TRG, ISL, BOP and KEL, which formed 34 percent of total volumes.

Stocks that contributed positively include NESTLE (+10 points), BAHL (+5 points), FATIMA (+4 points), ABL (+2 points) and ABOT (+2 points). Stocks that contributed negatively include UBL (-74 points), MCB (-41 points), HBL (-39 points), HUBC (-37 points) and PPL (-35 points).

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Stock market ends down by 173 on selling pressure

KARACHI: The recent gain in rupee value may boost the confidence of investors at the stock market.

However, they said that the market to remain range bound due to lack of positive triggers in upcoming week followed by feeble results of cyclical sectors.

Analysts at Arif Habib Limited said that recent appreciation of PKR against green back which is trading at all-time lowest in terms of REER would give confidence to foreign investors and attract foreign flows in market.

Whereas, key risks to the index include economic concerns on account of high Current Account Deficit and slowdown in large scale manufacturing.

This week trading commenced on a negative note following last week’s trend as investors continue to take account of i) surge in inflation to 68 months high in lieu of regular adjustment in utility prices, ii) tighter monetary policy, iii) delay in state enterprise fund, and iv) expectation of weaker result season of some sectors including Cements, Refineries, Automobile and Steel.

Furthermore, political uncertainty kept investors on the back foot given vote of no confidence over senate chairman while traders have announced a country wide protest and strike on CNIC condition and one political party announced a long march. As a result, the benchmark KSE-100 index closed below 32K mark at 31,666 points, down by 437 points or 1.4 percent WoW.

Contribution to the downside was led by i) Commercial Banks (-239 points) amid selling from mutual funds, ii) Tobacco (-57 points), iii) Oil and Gas Exploration Companies (-52 points) on the back of massive decline in international oil prices, iv) Power Generation and Distribution (-35 points), and v) Oil and Gas Marketing Companies (-32 points).Scrip wise major losers were PPL (-69 points), MCB (-62 points), PAKT (-57 points), UBL (-56 points), and BAHL (-44 points). Whereas, scrip wise major gainers were POL (+37 points), ENGRO (+17 points), and PKGS (+15 points).

Foreigners accumulated stocks worth of USD 3.4 million compared to a net buy of USD 8.4 million last week. Major buying was witnessed in Cement (USD 3.1 million) and All Other Sectors (USD 1.2 million).

On the local front, selling was reported by Mutual funds (USD 4.8 million) followed by Companies (USD 1.7 million). That said, average daily volumes for the outgoing week were down by 25 percent to 57 million shares likewise value traded decreased by 21 percent to USD 13 million.

KARACHI: The stock exchange fell by 173 points on Friday owing to selling pressure witnessed in major scrips.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 31,666 points as against 31,839 points showing a decline of 173 points.

Analysts at Arif Habib Limited said that following the trend of past 3 months, market slid again following the close of rollover week and saw index slip by a total of 405 points, ending the session with -173 points.

E&P, Banks and Power sectors contributed to the decline in index, where selling pressure was observed in HUBC, MCB, HBL, UBL, POL and PPL.

Cement sector again led the volumes with 8.8 million shares, followed by Engineering (8.7 million) and Banks (3.7 million). ISL became the volume leader with 5 million shares, followed by MLCF (4.5 million) and FCCL (2.1 million).

Sectors contributing to the performance include Banks (-115 points), E&P (-64 points), O&GMCs (-26 points), Food (+16 points) and Power (-12 points).

Volumes declined from 70.6 million shares to 46.4 million shares. Average traded value, on the other hand, registered a slight increase of 1.5 percent DoD to reach US$ 12.8 million as against US 12.6 million.

Stocks that contributed significantly to the volumes include ISL, MLCF, FCCL, MUGHAL and PAEL, which formed 33 percent of total volumes.

Stocks that contributed positively include HUBC (+12 points), NESTLE (+10 points), LUCK (+9 points), ISL (+5 points) and PKGS (+4 points). Stocks that contributed negatively include PPL (-40 points), HBL (-32 points), MCB (-26 points), UBL (-24 points) and NBP (-14 points).

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Share market ends down in mixed trading

KARACHI: The share market ended down by 99 points on Thursday in a mixed trading session.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) Index closed at 31,839 points as against 31,938ts showing a decrease of 99 points.

Analysts at Arif Habib Limited said that the market traded in a narrow range with an oscillation between -158 points and +122 points, and ended the session at -99 points. O&GMCs, Cement and Chemicals traded in red most of the session, whereas Steel continued moving upward, carrying the trend from yesterday.

Large cap Banks and Cement contributed mostly to the downside in Index. Cement Sector led the volumes table with 21.6 million shares, followed by Technology (7 million) and Engineering (5.5 million). Among scrips, MLCF topped the chart with 10.6 million shares followed by TRG (5.3 million) and FCCL (4.8 million).

Sectors contributing to the performance include Banks (-38 points), E&P (-15 points), Power (-14ts), Food (-13 points), and Pharmaceuticals (-11 points).

Volumes increase from 70.2mn shares to 70.7mn shares (+0.6 percent DoD). Average traded value decreased by 23 percent to reach US$ 12.6mn as against US$ 16.4mn.

Stocks that contributed significantly to the volumes include MLCF, TRG, FCCL, UNITY and PAEL, which formed 40 percent of total volumes.

Stocks that contributed positively include FCCL (+11 points), POL (+9 points), PKGS (+8 points), APL (+5 points) and FATIMA (+5 points). Stocks that contributed negatively include PPL (-25 points), MCB (-18 points), BAHL (-15 points), FFC (-11 points) and NESTLE (-10 points).

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Stock market rebounds to gain 280 points on positive sentiments

KARACHI: The stock market rebounded to gain 280 points on Wednesday owing to positive sentiments prevailed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 31,938 points as against 31,658ts showing an increase of 280 points.

Analysts at Arif Habib Limited said that the market rebounded finally on the last day of July.

Positive sentiments were seen across the board and were led by activity in cement and steel sectors.

Among Autos, HCAR and GHNI, and Steel, ISL, hit upper circuits. E&P Sector saw positivity since start of the session on the back of higher crude oil prices.

Across the board positivity can be attributed to the expectation of timid inflation and reversal of SBP’s policy rate in the short run.

Besides, last day of the rollover week contributed to the positive investor sentiment. Cement sector led the volumes table with 14.5 million shares, followed by Technology (9 million) and Engineering (8.7 million). Among scrips, MLCF took the lead with 7.1 million shares, followed by TRG (5.7 million) and ISL (4.3 million).

Sectors contributing to the performance include E&P (+69 points), Fertilizer (+63 points), Banks (+35 points), O&GMCs (+33 points), and Cement (+24 points).

Volumes increase from 51.3 million shares to 70.1 million shares (+37 percent DoD). Average traded value also increased by 24 percent to reach US$ 16.4 million as against US$ 13.2 million.

Stocks that contributed significantly to the volumes include MLCF, TRG, ISL, KEL and WTL, which formed 34 percent of total volumes.

Stocks that contributed positively include ENGRO (+34 points), PPL (+34 points), HBL (+20 points), POL (+19 points). Stocks that contributed negatively include PAKT (-31 points), AICL (-7 points), INDU (-5 points), MCB (-4 points) and CHCC (-2 points).

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Share market sheds another 76 points

KARACHI: The share marked extended losses on Tuesday after shedding another 76 points amid selling pressure.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 31,658 points as against 31,734 points showing a decline of 76 points.

Analysts at Arif Habib Limited said that the market traded mostly in negative zone with a total loss of 248 points, which narrowed by the end of session close to -76 points and closing at 31,658 points.

E&P, Refinery with the exception of O&GMCs contributed to selling pressure.

Besides, Cement sector continued the downtrend while leading the volumes on the index.

For the past 3 months, except for the rollover week, Cement sector stocks have been coming off gradually.

Although the overall volumes registered a notch above 50 million (still anemic), volumes were mainly contributed by Cement Sector (13.5 million), followed by Banks (5.7 million) and Technology (5.1 million).

MLCF topped the chart with 4.7 million shares followed by TRG (3.8 million).

Sectors contributing to the performance include Commercial Banks (-41 points), Tobacco (-27 points), Cement (-17 points), Food and Personal Care Products (-13 points), and E&Ps (-13 points).

Volumes increased from 45.8 million shares to 51.3 million shares (+12 percent DoD). Average traded value also increased by 40 percent to reach US$ 13.2 million as against US$ 9.4 million.

Stocks that contributed significantly to the volumes include MLCF, TRG, KEL, FCCL and PAEL, which formed 35 percent of total volumes.

Stocks that contributed positively include POL (+18 points), ENGRO (+12 points), and BAFL (+8 points). Stocks that contributed negatively include PAKT (-27 points), HBL (-27 points), PPL (-19 points), OGDC (-18 points) and NESTLE (-13 points).

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Share market sheds 369 points on disappointing financial results of major scrips

KARACHI: The share market ended down by 369 points on Monday following disappointing financial results by many major scrips.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 31,734 points as against 32,103 points showing a decline of 369 points.

Analysts at Arif Habib Limited said that the market continued trimming down, where the index shed 386 points during the session and ended at -369 points.

Key results announced today were by Attock Group, which declared results for ATRL, NRL, ACPL and POL. With the exception of POL, all the other companies failed to impress the investors.

POL’s price appreciated from yesterday’s closing and also resulted in improved volumes. Overall volumes remained poor at 46 million shares, contributed by Cement (7.5 million), Power (7.3 million) and Banks (4.8 million). Among scrips, KEL topped the charts with 6.3 million shares, followed by MLCF (3.7 million).

Sectors contributing to the performance include Banks (-80 points), Fertilizer (-49 points), Power (-48 points), Cement (-42 points), and O&GMCs (-39 points).

Volumes declined again from 86.5mn shares to 45.5mn shares (-47 percent DoD). Average traded value also declined by 22 percent to reach US$ 9.4 million as against US$ 12.1 million.

Stocks that contributed significantly to the volumes include KEL, MLCF, TRG, PIBTL and BOP, which formed 40 percent of total volumes.

Stocks that contributed positively include KAPCO (+4 points), FATIMA (+3 points), POL (+3 points), AGP (+3 points) and HMB (+3 points). Stocks that contributed negatively include HUBC (-40 points), UBL (-27 points), ENGRO (-27 points), BAFL (-19 points) and PPL (-19 points).

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Share market falls by 343 points trend on continuous selling pressure

KARACHI: PM’s trip to the US could potentially aid ongoing issues with the FATF which may lure further foreign investment in the country, analysts said.

Moreover, attractive valuations may also revive momentum at the index. In the immediate term, result season could dictate performance of the scrips.

The domestic equity bourse remained lackluster throughout the outgoing week. While PM Khan’s successful visit to the US could not generate a sustainable rally at the index, foreign policy appears to be in-check. Albeit, we pin commencement of the result season as key reason behind aforementioned index performance, given weaker. outcomes expected in cyclical sectors such as cement, steel, and automobiles. The market closed at 32,103 points, shedding 356 points / 1.10 percent WoW.

Sector-wise negative contributions were led by i) Power Generation & Distribution (71 points), ii) Food & Personal Care Products (66 points), iii) Oil & Gas Marketing Companies (49 points), iv) Cement (39 points), and v) Tobacco (27 points). Scrip-wise negative contributions came from HUBC (48 points), ENGRO (47 points), NESTLE (31 points), MARI (31 points) and PAKT (27 points).

Foreign buying was witnessed this week clocking-in at USD 8.4mn compared to a net buy of USD 6.4mn last week. Buying was witnessed in Commercial Banks (USD 5.6mn) and Cement (USD 2.3mn). On the domestic front, major selling was reported by Mutual Funds (USD 13.4mn) and Companies (USD 1.2mn). Average Volumes settled at 75mn shares (down by 29 percent WoW) while average value traded clocked-in at USD 21mn (down by 13 percent WoW).

Other major news: i) OGDC makes oil and gas discovery in Sindh, ii) ADB approves USD 50m additional contribution for CGIF, iii) Power tariff stays high on increase in capacity payments, iv) No new tax on bike and rickshaw according to FBR, and v) Banks likely to pay higher tax on income from papers.

KARACHI: The share market continued falling trend on Friday and lost another 343 points on heavy selling.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 32,103 points as against 32,446 points showing a decline of 343 points.

Analysts at Arif Habib Limited said that the market continue slide down today, where the index saw erosion of 414 points in total, and ended the session -343 points.

E&P, Refinery, Cement, Autos, Steel and O&GMCs contributed to selling pressure. Only small and mid cap Banks remained unscathed, where BOP topped the chart with ~24 million shares out of a total of 26.5 million shares in Banking sector.

Technology Sector followed Banks, in terms of volumes with 11.6 million shares. Cement Sector lagged behind Technology with 8.2 million shares, with DGKC at lower circuit and MLCF trading mostly in red zone.

Sectors contributing to the performance include Fertilizer (-46 points), Power (-40 points), Cement (-38 points), E&P (-31 points) and O&GMCs (-30 points).

Volumes increased from 63.8mn shares to 86.6mn shares (+36 percent DoD).

Average traded value, on the contrary, decline by 18 percent to reach US$ 12.1 million as against US$ 14.6 million.

Stocks that contributed significantly to the volumes include BOP, WTL, PAEL, MLCF and KEL, which formed 50 percent of total volumes.

Stocks that contributed positively include HMB (+6 points), BOP (+4 points), FABL (+3 points), SYS (+2 points) and SHEL (+1pt). Stocks that contributed negatively include HUBC (-31 points), PAKT (-27 points), FFC (-20 points), OGDC (-18 points) and NESTLE (-15 points).

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KSE-100 index ends flat amid selling pressure

KARACHI: The stock market ended with a nominal gain of 45 points on Thursday amid selling pressure during the first half of trading.

The benchmark KSE-100 of Pakistan Stock Exchange (PSX) closed at 32,446 points as against 32,401 points showing an increase of 45 points.

Analysts at Arif Habib Limited said that market traded in a narrow range and saw an oscillation of +101 points and -251 points.

Early part of the session saw bearish trend, with selling pressure in Cement, Banks, Fertilizer stocks. Sectors contributing positively to the index included E&P and Autos. Among banking sector scrips, HBL performed well despite dismal financial results announced yesterday.

The Bank is scheduled to hold conference call with Analysts to explain the financial performance.

Cement sector remained muted throughout the day, giving hope to short sellers, whereby MLCF ended the session at lower circuit.

Overall volumes were still low, and were mainly contributed by Cement sector (10 million shares), followed by Banks (9 million). BOP ranked top amongst the volume leaders with 5.5 million shares, followed by MLCF (5.3 million).

Sectors contributing to the performance include E&P (+41 points), Fertilizer (+35 points), Power (+25 points), Banks (+24 points), Cement (-31 points) and O&GMCs (-25 points).

Volumes declined further from 84.4 million shares to 63.1 million shares (-25 percent DoD). Average traded value also declined by 31 percent to reach US$ 14.6 million as against US$ 21 million.

Stocks that contributed significantly to the volumes include BOP, MLCF, TRG, UNITY and FFL, which formed 36 percent of total volumes.

Stocks that contributed positively include HUBC (+26 points), OGDC (+22 points), HBL (+18 points), ENGRO (+15 points) and NESTLE (+14 points). Stocks that contributed negatively include PSO (-14 points), HMB (-9 points), LUCK (-7 points), TRG (-7 points) and FCCL (-6 points).

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