Tag: Pakistan Stock Exchange

KARACHI: The stock market ended flat on Wednesday amid uncertainty on approval of the federal budget 2019/2020.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 34,656 points from previous day’s closing of 34,682 points, losing 26 points.

Analysts at Topline Securities said that during the trading session index depicted a flattish trend closing in at 34,656 points in the absence of major news flow.

Uncertainty regarding budget approval continued to persist as the opposition leader in his speech today at National Assembly demanded major changes in the budget, declaring it as IMF influenced.

Expected hike in gas prices led gas distributing companies SSGC & SNGP to land in the positive territory; up in the range of 2.25-3.21 percent.

Out of total 333 active stocks, 189 stocks ended in red, while 123 stocks closed in the green whereas values of 21 scrips remained unchanged.

Trade volume witnessed attrition of 5 percent. Similarly, trade value declined by 15 percent. MLCF continue to remain the volume leader since the last five trading sessions.

KARACHI: The stock market ended down by 487 points on Tuesday owing to delay concerns over activation of state enterprise and market opportunity fund.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,682 points as against 35,169 points showing a decline of 487 points.

Analysts at Arif Habib Limited said that the market repeated yesterday’s episode of decline in index, which was primarily caused by concerns over delay in activation of State Enterprise & Market Opportunity Funds, MSCI and FTSE Reviews.

Activity was slow and investors maintained cautious stance.

Selling pressure was mainly observed in Banks and E&P Sector, which spread to Cement sector by the end of session.

Cement sector saw price gains on the back of another increase of Rs15-20 in price / bag, which couldn’t sustain selling pressure. MLCF, which topped the volumes chart, ended 5 percent down.

Overall, Cement sector led the volumes with 28M shares, followed by Technology stocks (mainly TRG).

Sectors contributing to the performance include Banks (-79 points), Fertilizer (-76 points), E&P (-65 points), Cement (-59 points), O&GMCs (-55 points).

Volumes declined further from 128mn shares to 104mn shares (-19 percent DoD). Average traded value also declined by 19 percent to reach US$ 257mn as against US$ 31.6mn.

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

Stocks that contributed positively include PAKT (+6 points), OGDC (+5 points), GATM (+3 points), AICL (+2 points) and AGP (+2 points). Stocks that contributed negatively include MCB (-31 points), PPL (-28 points), MARI (-26 points), NESTLE (-23 points) and FFC (-23 points).

Karachi: The Pakistan stock market recorded a significant gain of 465 points on Thursday, driven by robust buying activities and positive investor sentiment. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 35,403 points, up from the previous close of 34,660 points.

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KARACHI: The stock market on Monday nosedived by 938 points owing to scheduled budget announcement and arrest of Asif Ali Zardari, leader of Pakistan People’s Party.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,568 points as against 35,505 points showing a decline of 938 points.

Analysts at Arif Habib Limited said that besides the anticipation of poor macro-economic statistics in the soon-to-be-released Economic Survey, budget woes kept the market under heavy selling pressure.

Market opened negative 140 points and within minutes declined close to 500 points without any significant volume. Selling was observed across the board, which was further accentuated by Asif Zardari’s rejection of permanent bail by Islamabad High Court.

By the end of session, the index saw decline of 1037 points and closed -938 points. Power sector led the volumes table with around 20 million shares (mainly contributed by KEL ~18.5 million), and followed by Banking Sector with 14.6 million shares (BOP ~7 million) and Cement with 7.2 million shares.

Sectors contributing to the performance include Banks (-240 points), E&P (-159 points), Fertilizer (-119 points), Cement (-104 points) and O&GMCs (-70 points).

Volumes declined significantly from 125 million shares to 92 million shares (-26 percent DoD). Average traded value also declined by 26 percent to reach US$ 23.5 million as against US$ 31.6 million.

Stocks that contributed significantly to the volumes include KEL, BOP, UNITY, LOTCHEM and OGDC, which formed 40 percent of total volumes.

Stocks that contributed positively include KEL (+11 points), FABL (+1pt), THALL (+1pt), APL (+0 points) and SHEL (+0 points). Stocks that contributed negatively include ENGRO (-63 points), HBL (-61 points), PPL (-60 points), OGDC (-58 points) and LUCK (-54 points).

KARACHI: The present government is presenting its first budget just after the Eid holidays and investors likely to take a cautious stance, analysts said.

Analysts at Arif Habib Limited said that anticipation of Market Support Funds attracted positive sentiments alongside high volumes.

The four day week commenced on a negative note amid lack of clarity over the funds, but, later during the week bulls took over after two support funds were approved by ECC worth Rs20 billion. Moreover, Pak Rupee gained some strength against the greenback, which further kept the sentiment positive. The market closed at 35,974 points, gaining 270 points.

Positive sector-wise contributions came from i) Commercial Banks (174 pts), ii) Oil & Gas Marketing Companies (120 pts), iii) Automobile Assembler (53 pts), iv) Oil & Gas Exploration Companies (41 pts) and v) Tobacco (34 pts). Whereas, sectors that contributed negatively include i) Fertilizers (93 pts) and ii) Textile Composite (61 pts). Scrip-wise positive contributions came from UBL (67 pts), BAHL (60 pts), LUCK (58 pts) and PSO (44 pts). Whereas, negative scrip-wise contributions came from FFC (66 pts), HBL (65 pts), and NML (44 pts).

Foreign selling was witnessed this week clocking-in at USD 2.95mn compared to a net buy of USD 0.02mn last week. Selling was witnessed in Exploration & Production (USD 5.9mn) and Fertilizer (USD 0.7mn). On the domestic front, major buying was reported by Banks / DFIs (USD 5.2mn) and Broker Proprietary Trading (USD 3.4mn). Average Volumes settled at 165mn shares (down by 8% WoW) while value traded clocked in at USD 48mn (up by 22% WoW).

KARACHI: The stock market ended flat on Thursday after witnessed high band trading during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 35,974 points as against 35,959 points showing an increase of 15 points.

Market carried with the momentum showed yesterday and opened on a positive note today with +259 points and 3M shares traded on the opening bell.

During the session, the index went up by 577 points however, selling pressure brought the market down to -304 points at a point in time again.

The main cause of concern was again Market Support Fund, where rumours kept circulating that it has not yet been approved, despite clarity given by SECP Chairman and Advisor to Finance Ministry.

By the end of session, ECC’s approval of EMOF and SEF (Enterprise Funds) brought some confidence back to the investors, however, market did not recover the eroded points.

Banking sector led the volumes table with 40M shares, followed by Cement sector (38M). BOP contributed more than half the traded volumes in Banking Sector, whereas MLCF led the Cement Sector with 14M shares.

Sectors contributing to the performance include Banks (+69 points), O&GMCs (+59 points), Autos (+19 points), Fertilizer (-68 points), Power (-38 points), Textile (-27 points), Cement (-23 points).

Volumes increased from 182.5mn shares to 199.1mn shares (+9 percent DoD). Average traded value also increased by 17 percent to reach US$ 59.7mn as against US$ 51.1mn.

Stocks that contributed significantly to the volumes include BOP, MLCF, UNITY, KEL and SNGP, which formed 38 percent of total volumes.

Stocks that contributed positively include BAHL (+31 points), PSO (+23 points), UBL (+22 points), SNGP (+20 points) and NESTLE (+14 points). Stocks that contributed negatively include FFC (-35 points), HUBC (-32 points), ENGRO (-26 points), NML (-19 points) and OGDC (-15 points).

KARACHI: The stock market on Wednesday witnessed sharp gain of over 1,000 points over clarity in market support fund.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 35,959 points as against 34,949 points showing an increase of 1010 points.

Analyst at Arif Habib Limited said that market bounced from the word Go. Within minutes of initial trading, the index was +150 points and did not see back. Clarity on Market Opportunity and Market Support Fund gave much needed confidence amongst investors and the erosion saw yesterday in the shape of a drop of ~750 points was recovered today.

During the session, the index increased by 1044 points and closed (unadjusted) near day’s high at +1010 points. Buying was observed across the board and especially in stocks that could be of significance to the Government Supported Funds.

Banks led the volumes table with 40 million shares (contributed by BOP 17 million), followed by Cement Sector with 23M shares (led by FCCL with ~12M shares).

Sectors contributing to the performance include Fertilizer (+206 points), E&P (+201 points), Banks (+196 points), Power (+101 points) and Cement (+100 points).

Volumes increased from 152.3mn shares as against 182.4mn shares (+20 percent DoD). Average traded value also increased by 4 percent to reach US$ 50.9mn as against US$ 48.8mn.

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

Stocks that contributed positively include HUBC (+76 points), ENGRO (+74 points), FFC (+67 points), OGDC (+64 points) and POL (+57 points). Stocks that contributed negatively include NESTLE (-33 points), FFBL (-1 points), GADT (-0 points), GHGL (-0 points) and DCR (-0 points).

KARACHI: The stock market fell by 748 points on Tuesday on aggressive profit taking by the investors.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,949 points as against 35,697 points showing a decline of 748 points.

Analysts at Arif Habib Limited said that the market took a major bantering today after resisting the tide of profit taking since Friday.

The meteoric rise of Index observed last week was matched today with a slide of ~800 points, although the index closed -748 points.

A host of factors could have played a role behind today’s activity, including MSCI rebalancing, delay in launching State Enterprise and Opportunity Fund and also negative news flow on Cement manufacturers.

Adding salt to the injury, conjecture on upcoming Budget also led to bearish sentiment amongst investors.

Nonetheless, profit booking was already on the anvil post a rapid increase in Index last week. Selling was observed across the board, however, major volumes were seen in Cement, Banks and Chemical sectors.

Sectors contributing to the performance include E&P (-170 points), Fertilizer (-163 points), Banks (-159 points), O&GMCs (-74 points) and Cement (-59 points).

Volumes increased from 125.2 million shares to 152.3 million shares (+22 percent DoD). Average traded value also increased by 46 percent to reach US$ 49 million as against US$ 33.5 million.

Stocks that contributed significantly to the volumes include FCCL, BOP, UNITY, EPCL and MLCF, which formed 28 percent of total volumes.

Stocks that contributed positively include NESTLE (+24 points), PAKT (+17 points), PKGS (+7 points), PSMC (+6 points) and HCAR (+5 points). Stocks that contributed negatively include OGDC (-66 points), FFC (-62 points), HBL (-59 points), POL (-53 points) and PPL (-38 points).