Tag: Pakistan Stock Exchange

  • KSE-100 ends down 321 points on panic selling

    KSE-100 ends down 321 points on panic selling

    KARACHI: Pakistan Stock Market (PSX) on Thursday fell by 321 points in panic selling over significant decline of rupee against dollar.

    The benchmark KSE-100 index of PSX closed at 33,971 points as against 34,292 points showing a decline of 321 points.

    Analysts at all the gains made yesterday got eroded in early trading. During the session, the index slid by 717 points however, recovered by the end resulting in closing of – 321 points.

    Panic selling ensued increase of Dollar in inter-bank market.

    The spread widened in early trades that caused investors to get jittery, which was followed by across the board selling.

    Cement, Steel and Auto Sector scrips received most of bantering whereas selling was generally observed in scrips that positively relate to increase in rupee dollar parity. Buying activity was seen mid day that resulted in recovery of ~500 points.

    By the end of session, SBP’s notification for release of Monetary policy on May 20.

    Sectors contributing to the performance include E&P (+78 points), Power (+16 points), Banks (-112 points), Cement (-69 points), O&GMCs (-62 points), Fertilizer (-49 points), Pharma (-21 points).

    Volumes declined from 111 million shares to 109 million shares (-2 percent DoD). Average traded value however, declined by 16 percent DoD to reach US$ 26.5 million as against US$ 31.5 million.

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

    Stocks that contributed positively include POL (+55 points), PPL (+41 points), HUBC (+27 points), PAKT (+9 points) and NESTLE (+6 points). Stocks that contributed negatively include HBL (-38 points), LUCK (-25 points), PSO (-23 points), MCB (-21 points) and OGDC (-19 points).

  • Stock market gains 406 points on amnesty scheme launching

    Stock market gains 406 points on amnesty scheme launching

    KARACHI: The stock exchange gained 406 points on Wednesday owing to introduction of tax amnesty scheme by the government for undeclared assets.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,291 points as against 33,885 points showing an increase of 406 points.

    Analysts at Arif Habib Limited said that the market made a positive move today, courtesy of Amnesty Scheme as well as news of successful drilling at Kekra 1.

    Resultantly, E&P scrips performed well and Investors in general took positive bets on Fertilizer, Cement, Banks and Steel. Cement sector topped the volumes table with 19.4 million shares, followed by Banks (14 million) and Power (11.9 million).

    Investors interest in HUBC kept the price up consecutively since yesterday and similar interest was seen in KEL, which also topped the volumes. OGDC, PPL and POL nonetheless, became the star performers today.

    Sectors contributing to the performance include E&P (+208 points), Power (+62 points), Fertilizer (+55 points), O&GMCs (+44 points), Pharma (+23 points), Food (-37 points) Banks (-18 points).

    Volumes increased slightly from 105.7 million shares to 110.9 million shares (+5 percent DoD). Average traded value also increased by 4 percent to reach US$ 31.5 million as against US$ 30.3 million.

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

    Stocks that contributed positively include PPL (+94 points), POL (+52 points), OGDC (+43 points), HUBC (+42 points) and EFERT (+30 points). Stocks that contributed negatively include NESTLE (-37 points), HBL (-26 points), MCB (-13 points), DGKC (-10 points) and ICI (-6 points).

  • Stock market eases amid buying activities

    Stock market eases amid buying activities

    KARACHI: The stock market ended down 15 points on Tuesday despite last hour buying activities.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,885 points as against 33,900 points showing a decline of 15 points.

    Analysts at Arif Habib Limited said that the market improved slightly and although the index oscillated between -209 points and +167 points (~350 points).

    Last half hour of trading, as has been the case lately, was again interesting which saw buying activity in index drivers such as ENGRO, but also saw buying in SEARL, ABL that pulled up the index. Cement sector led the volumes table with 17.6 million shares, followed by Power (11 million) and Banks (8.8 million).

    Scrip wise activity shows KEL topping the volumes with 7 million shares followed by UNITY and MLCF.

    Cement sector has seen attrition since past week and today was no different which saw key cement scrips trading at lower circuits for instance PIOC, MLCF, DGKC etc. Collectively, Banks and E&P scrips performed well today, whereas O&GMCs (PSO), and Cement contributed to the downside.

    Sectors contributing to the performance include E&P (+117 points), Banks (+80 points), Power (+30 points), O&GMCs (-64 points), Cement (-39 points), Fertilizer (-25 points), Pharma (-20 points), Textile (-20 points).

    Volumes registered a slight decline of 13 percent DoD to reach 105.7 million as against 121.2 million. Average traded value also declined by 19 percent to reach US$ 30.3 million as against US$ 37.5 million.

    Stocks that contributed significantly to the volumes include KEL, UNITY, MLCF, PIBTL and TRG, which formed 28 percent of total volumes.

    Stocks that contributed positively include PPL (+68 points), HUBC (+27 points), POL (+27 points), UBL (+23 points) and MCB (+19pt). Stocks that contributed negatively include PSO (-30 points), DAWH (-27 points), DGKC (-15 points), COLG (-12 points) and FFC (-10 points).

  • Stock market plunges by 816 points on IMF loan agreement

    Stock market plunges by 816 points on IMF loan agreement

    KARACHI: The stock exchange plunged by 816 points on Monday on report of finalization of loan program with IMF.

    The benchmark KSE-100 index closed at 33,900 points as against 34,717 points showing a decline of 816 points.

    Analysts at Arif Habib Limited said that index saw a major draw down of 937 points, post Pakistan entering IMF program.

    The sessions commenced on a positive note and market at first increased by 511 points before plunging ~1400 points.

    Last half hour of trading showed some buying activity that resulted in an unadjusted closing of -784 points.

    Stocks, all and sundry, became target of Investors’ wrath. Besides conclusion of IMF program, the market was also faced with MSCI Review that had negative implications for stocks that form part of MSCI EM Index.

    Several stocks hit lower circuit, important among those included SSGC, MLCF, PIOC, DGKC, GHNI etc. Banking sector remained unscathed in relative terms and scrips like MCB, HBL, UBL, MEBL traded in green zone.

    Sectors contributing to the performance include E&P (-159 points), Fertilizer (-157 points), Banks (-93 points), O&GMCs (-69 points) and Cement (-68 points).

    Volumes increased significantly from 39.3 million shares to 121.2 million shares (+209 percent DoD). Average traded value also increased by 202 percent DoD to reach US$ 37.5 million as against US$ 12.4 million.

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

    Stocks that contributed positively include MCB (+18 points), HUBC (+12 points), NATF (+3 points), SYS (+3 points) and SRVI (+1pt). Stocks that contributed negatively include FFC (-73 points), OGDC (-51 points), POL (-47 points), ENGRO (-36 points) and PPL (-36 points).

  • Weekly Review: hopes of recovery in stock market on IMF program

    Weekly Review: hopes of recovery in stock market on IMF program

    KARACHI: With the IMF program expected to be announced soon, investor sentiment can be expected to rebound, analysts said on Saturday.

    The analyst at Arif Habib Limited said that clarity over the economic direction from the IMF program is likely to resuscitate confidence of investors.

    As Ramadan started this week, the local bourse continued its bearish trend with volumes continuing to slump. Talks between GoP and IMF are in the final round and an announcement of a program can be expected any time soon.

    Concerns of further interest rate hikes, depreciation of the PKR and fiscal consolidation measures (revision in energy prices, withdrawal of subsidies/tax concessions etc) kept the investment sentiment negative. The KSE-100 index closed at 34,717 points (-1,406 points WoW), down 3.9 percent WoW.

    Negative sector-wise contributions came from i) Fertilizers (313 points), ii) Oil & Gas Exploration Companies (284 points), iii) Cements (130 points), iv) Pharmaceuticals (113 points) and v) Oil & Gas Marketing Companies (108 points). Scrip-wise negative contributions came from ENGRO (131 points), PPL (104 points), SEARL (84 points) and MARI (83 points). Whereas, positive scrip-wise contributions came from NESTLE (32 points), HBL (21 points), and COLG (11 points).

    Foreign buying continued this week clocking-in at USD 10.4mn compared to a net buy of USD 4.8mn last week. Buying was witnessed in Commercial Banks (USD 10.9mn) and Cement (USD 1.0mn). On the domestic front, major selling was reported by Mutual Funds (USD 10.7mn) and Insurance Companies (USD 5.7mn). Average Volumes settled at 74mn shares (down by 30 percent WoW) while value traded clocked in at USD 23mn (down by 22 percent WoW).

    Other major news: i) Coal-fired power project’s receivables swell to $150mln, ii) Move to withdraw Rs700bn tax exemptions, says official, iii) Chaos in FBR as govt aims for budget on May 22, iv) Private sector tax expert named FBR chairman, and v) Public debt surges Rs3.6 trillion to a hefty Rs27.8 trillion.

  • Equity market ends down by 171 points on concerns over cost of doing business

    Equity market ends down by 171 points on concerns over cost of doing business

    KARACHI: The equity market fell by 171 points on Friday owing to reports of IMF deal and its repercussions on cost of doing business.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,716 points as against 34,888 points showing a decline of 171 points.

    Analysts at Arif Habib Limited said that the market was declined further today and traded below 35,000 level throughout the day.

    During the session, the index lost a total of 240 points, but recovered slightly by end to show a net decline of 180 points (unadjusted). Cement, Banks, OMCs, Refinery and E&P contributed to selling pressure.

    Overall volumes remained anemically low at 39 million shares, topped by KEL (4.8 million), followed by MLCF (2.7 million) and SEARL (1.9 million).

    IMF’s bailout package was the talk of the town, where the sources from Finance Ministry (as relayed by TV channels) were hinting that the deal is just around the corner and the conditionalities of the deal are mainly to the detriment of cost of doing business.

    Sectors contributing to the performance include E&P (-62 points), Fertilizer (-50 points), O&GMCs (-24 points), Cement (-24 points), Cement (-21 points), Food (+26 points).

    Volumes declined significantly from 39.3 million shares as against 78.1 million shares (-50 percent DoD). Average traded value also declined by 53 percent to reach US$ 12.4 million as against US$ 26.3 million.

    Stocks that contributed significantly to the volumes include KEL, MLCF, SEARL, LOTCHEM and UNITY, which formed 33 percent of total volumes.
    Stocks that contributed positively include NESTLE (+34 points), MCB (+24 points), ABL (+15 points), MTL (+13 points) and THALL (+9 points). Stocks that contributed negatively include DAWH (-29 points), POL (-25 points), ENGRO (-19 points), PPL (-19 points) and SEARL (-15 points).

  • Stock market extends losses, ends down by 147 points

    Stock market extends losses, ends down by 147 points

    KARACHI: The stock market extended losses on Thursday and fell by 147 points amid continued selling pressure.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,887 points as against 35,035 points showing a decline of 147 points.

    Analysts at Arif Habib Limited said that despite positive movement in index early today, the market could not sustain the momentum and selling resumed, which took the index trading below 35,000 level.

    Market traded in a narrow band between +265 points and -206 points and ended -116 points (un adjusted). OMCs, Cement, E&P, Steel improved over the day, whereas Banking sector took the toll from selling in HBL, UBL and MCB.

    Cement sector performed on the back of rumours relating to sales quota dispute amongst Cement Manufacturers that saw mid cap Cement stocks hitting upper circuit, however, selling ensued that brought price levels down. Similarly, Auto sector remained under selling pressure due to macro-economic concerns.

    Sectors contributing to the performance include Banks (-132 points), Fertilizer (-44 points), Autos (-28 points), Chemical (-21 points), Food (-20 points), Cement (+44 points), Power (+28 points), O&GMCs (+21 points), E&P (+21 points).

    Volumes declined from 113 million shares to 78 million shares (-31 percent DoD). Average traded value also declined by 18 percent to reach US$ 26.4 million as against US$ 32.3 million.

    Stocks that contributed significantly to the volumes include MLCF, SNGP, LOTCHEM, KEL and EFERT, which formed 29 percent of total volumes.

    Stocks that contributed positively include OGDC (+25 points), HUBC (+21 points), LUCK (+17 points), SNGP (+17 points) and PPL (+17 points). Stocks that contributed negatively include MCB (-46 points), HBL (-41 points), MARI (-27 points), NESTLE (-24 points) and UBL (-24 points).

  • PSX issues list of 25 top performing companies

    PSX issues list of 25 top performing companies

    KARACHI: Pakistan Stock Exchange (PSX) on Wednesday issued the list of 25 top performing companies for the year 2017.

    Every year, the Exchange acknowledges the performance of the top companies shortlisted on the basis of comprehensive criteria, which includes (i) Capital Efficiency, (ii) Profitability, (iii) Free-Float of Shares, (iv) Transparency, (v) Corporate Governance & Investors Relation and (vi) Compliance with Listing of Companies & Securities Regulations.

    The awards given by the Exchange to the top companies recognises their excellent financial and managerial performance, thereby providing them inter-alia a powerful marketing tool.

    Pakistan Stock Exchange is pleased to announce the names of the top 25 companies for the year 2017 that have been selected on the basis of the highest score obtained as per the Criteria for Selection of Top Companies mentioned earlier:

    Name of Company
    1. Fauji Fertilizer Company Limited.
    2. Unilever Pakistan Foods Limited.
    3. Lucky Cement Limited.
    4. Nestle Pakistan Limited.
    5. Golden Arrow Selected Stocks Fund Limited.
    6. Arif Habib Limited.
    7. Archroma Pakistan Limited.
    8. International Industries Limited.
    9. International Steels Limited.
    10. Engro Fertilizers Limited.
    11. Sui Northern Gas Pipelines Limited.
    12. Habib Bank Limited.
    13. Colgate – Palmolive (Pakistan) Limited.
    14. Atlas Honda Limited.
    15. Kohinoor Energy Limited.
    16. Mari Petroleum Company Limited.
    17. The Hub Power Company Limited.
    18. Millat Tractors Limited.
    19. Shifa International Hospitals Limited.
    20. Al-Ghazi Tractors Limited.
    21. United Bank Limited.
    22. Meezan Bank Limited.
    23. Atlas Battery Limited.
    24. Murree Brewery Company Limited.
    25. Bank AL Habib Limited.

  • Equity market ends flat amid selling pressure

    Equity market ends flat amid selling pressure

    KARACHI: The equity market gained 25 points on Tuesday amid selling in major scrips.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 35,631 points as against 35,605 points showing an increase of 25 points.

    First day of Ramadan started on a positive note, went up by 200 points and ended in green zone with 42 points (unadjusted).

    Nonetheless, several scrips including blue chips saw aggressive selling at bourse, such as SNGP, PSO, OGDC, KEL, HUBC etc. Banking sector, on the contrary, performed well with HBL closing near upper circuit whereas UBL was also seen trading near upper circuit.

    Banking sector topped with 12.4M shares, followed by Power (12M). Among scrips, KEL ranked first with 9.6M shares, followed by BOP (5.3M).

    Other scrips which generated volumes include SNGP, MLCF, HUBCR, and LOTCHEM.

    Sectors contributing to the performance include Banks (+190 points), Food (+17 points), Cement (-44 points), O&GMCs (-29 points), Power (-28 points), E&P (-21 points), Pharma (-16 points).

    Volumes declined again from 71.4mn shares to 65.4mn (-8 percent DoD). Average traded value also declined by 13 percent to reach US$ 19.4mn as against US$ 22.4mn.

    Stocks that contributed significantly to the volumes include KEL, BOP, SNGP, MLCF and HUBCR, which formed 37 percent of total volumes.

    Stocks that contributed positively include HBL (+86 points), UBL (+54 points), MCB (+28 points) NESTLE (+22 points) and NBP (+14 points). Stocks that contributed negatively include LUCK (-21 points), SEARL (-18 points), HUBC (-15 points), PSO (-13 points) and ENGRO (-12 points).

  • KSE-100 index falls by 518 points on upcoming MSCI review

    KSE-100 index falls by 518 points on upcoming MSCI review

    KARACHI: The stock exchange fell by 518 points on Monday owing to upcoming MSCI review and reports of tax laden budget.

    The benchmark KSE-100 index of Pakistan Stock Exchange closed at 35,605 points as against 36,123 points showing a decline of 518 points.

    Market continued negative drive today amidst issues like MSCI review on May 13th, impending tough budget, possibility of policy rate hike by SBP by month end and pending IMF package.

    Volumes were driven by Cement Sector that couldn’t find solution of sales quota and declining sales volume.

    Market volumes have been anemic since last week, which was the case even today. All shares index registered a volume of 71M shares, with Cement Sector leading the index (14.7M shares), followed by Banks (11.7M) and Engineering (6M).

    Steel scrips traded at and close to lower circuit. Among scrips, MLCF topped the chart with 6.4M shares followed by BOP (5.7M). market closed near day’s low of 553 points.

    Sectors contributing to the performance include E&P (-117 points), Banks (-99 points), Cement (-72 points), Fertilizer (-71 points) and Power (-51 points).

    Volumes improved slightly from 64mn shares to 71mn shares (11 percent DoD). Average traded value also increased by 8 percent to reach US$ 22.4mn as against US$ 20.65mn.

    Stocks that contributed significantly to the volumes include MLCF, BOP, UNITY, FCCL and UBL, which formed 31 percent of total volumes.

    Stocks that contributed positively include COLG (+12 points), BAFL (+8 points), AGIL (+4 points) and DAWH (+4 points). Stocks that contributed negatively include PPL (-58 points), LUCK (-44 points), ENGRO (-42 points), UBL (-37 points) and HUBC (-32 points).