Tag: Pakistan Stock Exchange

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) witnessed decline of 319 points on Tuesday owing to selling pressure.

The index closed at 38,036 points as against 38,355 points showing a decline of 319 points.

Analysts at Arif Habib Limited said that the market went down eventually after making a positive stride of 203 points in the beginning but lost 356 points (unadjusted) by the end of session.

Blue chips remained under selling pressure and despite high trading volume in scrips like LUCK, the scrip saw heavy selling pressure.

Volumes were largely seen in UNITY right (63M) as compared with total market volume of 144M shares. Last half hour of trading saw selling pressure increased which was mainly contributed by HBL and UBL. HBL saw buying interest close to lower circuit.

Sectors contributing to the performance include Banks (-117 points), O&GMCs (-40 points), Power (-37 points), E&P (-19 points), Textile (-16 points).

Volumes increased again from 65.9 million shares to 144.4 million shares (+119 percent DoD). Average traded value also increased by 39 percent to reach US$ 27.7 million as against US$ 19.9 million.

Stocks that contributed significantly to the volumes include UNITYR1, KEL, UNITY, MLCF and HUBC, which formed 62 percent of total volumes.

Stocks that contributed positively include PSEL (+21 points), FFC (+8 points), POL (+5 points), SHFA (+4 points), and TRG (+2 points). Stocks that contributed negatively include HBL (-53 points), HUBC (-23 points), PSO (-19 points), MCB (-16 points) and SNGP (-13 points).

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Equity market falls by 295 points on policy rate hike

KARACHI: The equity market fell by 295 points on Monday owing to hike in discount rate by 50 basis points.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,355 points as against 38,650 points showing a decline of 295 points.

Analysts at Arif Habib Limited said that the market dipped today on the back of recent rate hike by SBP that increased the discount rate by 50bps to 10.75 percent.

As an aftermath, the stock prices adjusted downwards although the decision of rate hike was in line with expectation.

Exceptions to downward price adjustment were mainly banking sector, which has a positive correlation to interest rate hikes.

Volume was led by UNITY right, which has been in the limelight since last week. Other than that the volumes were generally seen in Bank, Cement and Power Sectors.

Sectors contributing to the performance include Power (+47 points), Miscellaneous (+22 points), Fertilizer (-83 points), E&P (-56 points), Banks (-56 points), Cement (-53 points), Pharma (-30 points).

Volumes declined significantly from 137.7 million shares to 65.9 million shares (-52 percent DoD). Average traded value also declined by 46 percent to reach US$ 19.9 million as against US$ 36.8 million.

Stocks that contributed significantly to the volumes include UNITYR1, BOP, SNGP, KEL and MLCF, which formed 47 percent of total volumes.

Stocks that contributed positively include HUBC (+72 points), PSEL (+23 points), BAFL (+7 points), EFUG (+7 points), and SYS (+6 points). Stocks that contributed negatively include PPL (-35 points), LUCK (-28 points), ENGRO (-28 points), BAHL (-25 points) and DAWH (-22 points).

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Weekly Review: Market to remain range bound

KARACHI: The stock market likely to remain range bound in the upcoming week amid lack of triggers.

Analysts at Arif Habib Limited said that with the State Bank of Pakistan raising the key discount rate by 50 bps, leveraged sectors such as Cements, Steel, Fertilizers, OMCs and Textiles may come under pressure while banks could support the index.

The market commenced on a negative note this week, shedding 403 points on Monday.

Expectations of a rate hike and potential pressure on leveraged sectors kept the market dull.

However, IMF team’s visit to Pakistan and news flow regarding consensus on economic policies later in the week created a positive momentum.

Moreover, USD 2.2 billion loan from China took the weekly reserves to USD 17 billion. With this, the KSE-100 Index gained 117points (up by 0.3 percent WoW) closing at 38,649 points.

Positive sector-wise contributions came from i) Oil & Gas Marketing Companies (+76 points), ii) Fertilizer (+41 points), iii) Automobile Assembler (+36 points), iv) Pharmaceuticals (+25 points) and v) Engineering. On the flip side, sectors that contributed negatively include i) Power Generation & Distribution (-52 points), ii) Food & Personal Care Products (-23 points) and Insurance (-23 points).

Scrip-wise major positive contributions came from SNGP (+38 points), MTL (+30 points), BAHL (+30 points), ENGRO (+24 points), and UBL (+24 points).

Scri points that contributed negatively includes HBL (-64 points), HUBC (-54 points) and NESTLE (-29 points).

Foreign buying continued this week clocking-in at USD 0.5 million compared to a net buy of USD 3.1 million last week. Buying was witnessed in Commercial Banks (USD 2.6 million) and Exploration & Production (USD 1.1 million).

On the domestic front, major selling was reported by Individuals (USD 5.4 million) and Companies (USD 5.0 million). Volumes settled at 128 million shares (up 53 percent WoW) while value traded clocked in at USD 31 million (up 10 percent WoW).

Other major news: i) Gwadar terminal developer plans IPO for $85 million project, ii) SNGPL, SSGCL seek hefty tariff hike from next fiscal year, iii Descon, CGGC awarded Mohmand Dam Project, iv) Govt to raise Rs2 per unit on power tariff to collect Rs200 billion, and v) Pakistan weighs LNG imports from Saudi, Malaysia.

KARACHI: The equity market ended with 96 points gain on Friday in a range bound trading activity.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,649 points as against 38,553 points showing an increase of 96 points.

Analysts at Arif Habib Limited said the market performed range bound between -69 points and +180 points and did not oscillate much.

Most volume (for the third consecutive session) was observed in UNITY rights of 25 million shares as against total market volume of 138 million (18 percent).

Cement sector performed well on the release of cement dispatch data that showed growth in sales volume against expectation, however, selling pressure kept the price growth in check. Banks, Cement and Power sector led the volumes table (other than Vanaspati), which was mainly contributed by BOP, FCCL and KEL respectively.

Sectors contributing to the performance include O&GMCs (+34 points), Cement (+34 points), Fertilizer (+21 points), Textile (+18 points), Banks (+17 points), Power (-32 points).

Volumes increased slightly to 137.7 million shares as against 132.2 million shares (+4 percent DoD).

Average traded value also increased by 18 percent to reach US$ 36.9 million as against US$ 31.3 million.

Stocks that contributed significantly to the volumes include UNITYR1, BOP, KEL, ASL and FCCL, which formed 38 percent of total volumes.

Stocks that contributed positively include OGDC (+18 points), UBL (+18 points), ENGRO (+17 points), LUCK (+15 points), and SNGP (+13 points). Stocks that contributed negatively include HUBC (-36 points), HBL (-33 points), PSEL (-25 points), PPL (-10 points) and FFBL (-5 points).

KARACHI: The equity market fell by 412 points on Thursday reversing the yesterday’s gain on profit taking activities.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,553 points as against 38,965 points showing a decline of 412 points.

Analysts at Arif Habib Limited said that the market reversed major part of the gains made yesterday.

Yesterday’s activity was hinged on quarter-end closing, no change in interest rates, higher crude prices and expectation of large hydro-carbon discovery in Indus offshore.

Today’s reversal can very much can be attributed to a negative view on discovery, slight reduction in oil price and profit taking activity by institutional investors.

A wait-and-see approach from institutional investors also kept stock prices in check, rather added to selling pressure.

Similar to yesterday, UNITY’s right shares got the lion’s share in traded volume with 43 million shares as against a total of 132 million (33 percent).

Other than Vanaspati, Banks, Cement and Engineering sectors contributed to the volumes, mainly to the downside.

Sectors contributing to the performance include E&P (-132 points), Cement (-79 points), Banks (-53 points), Fertilizer (-37 points), Insurance (-21 points).

Volumes reduced to 131.8mn shares as against 228.7 million shares yesterday (-42 percent DoD). Average traded value also declined by 29 percent to reach US$ 31.2 million as against US$ 43.9 million.

Stocks that contributed significantly to the volumes include UNITYR1, BOP, STPL, WTL and PIBTL, which formed 47 percent of total volumes.

Stocks that contributed positively include BAHL (+12 points), MEBL (+11 points), MTL (+9 points), KAPCO (+8 points), and FATIMA (+7 points). Stocks that contributed negatively include PPL (-67 points), OGDC (-48 points), LUCK (-37 points), UBL (-30 points) and HBL (-22 points).

KARACHI: The equity market climbed up by 636 points on Wednesday following expectation of rate hike in monetary policy to be announced on March 29.

The benchmark KSE-100 of Pakistan Stock Exchange (PSX) closed at 38,965 points as against 38,329 points showing an increase of 636 points.

Analysts at Arif Habib Limited said that the market jumped consecutively on the second day, just before the announcement of Monetary Policy on March 29th.

Although rate hike expectations are talk of the town, market apparently didn’t pay heed to such warnings and buying activity was seen across the board.

Highlight of the volumes was UNITY’s right, which saw trading volume of 80M against total market volume of 228M shares (35 percent).

Cement sector led the volumes with 18M shares, resulting in DGKC, LUCK, and MLCF trading at and near upper circuits. Besides, WTL and BOP among Technology and Banking Sectors contributed significantly to trading volumes.

Sectors contributing to the performance include E&P (+118 points), Fertilizer (+99 points), Cement (+97 points), Banks (+67 points), O&GMCs (+59 points).

Volumes increased significantly from 86.4mn shares to 228.7mn shares (+165 percent DoD). Average traded value also increased by 73 percent to reach US$ 43.8mn as against US$ 25.3mn.

Stocks that contributed significantly to the volumes include UNITYR1, WTL, KEL, BOP and UNITY, which formed 55 percent of total volumes.

Stocks that contributed positively include PPL (+67 points), LUCK (+45 points), ENGRO (+36 points), UBL (+36 points), and OGDC (+33 points). Stocks that contributed negatively include NESTLE (-16 points), MCB (-13 points), MUREB (-5 points), HBL (-4 points) and INDU (-3 points).

KARACHI: The equity market gained 200 points on Tuesday after improved trading sentiments.

The KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,329 points as against 38,129 points showing an increase of 200 points.

Analysts at Arif Habib Limited said that the market sentiment improved after a long time and the index closed positive.

After an initial down side of 89 points at the beginning of session, the market turned positive and investors took positive bets on the outcome of Supreme Court’s decision relating to Nawaz Sharif, which is considered to be a sign of resolving political stalemate at the parliament and focusing on core economic issues by the government.

Cement, Fertilizer, Autos and E&P sector contributed the most to the upside, especially by the end of session. O&GMCs, especially SSGC, also went up with expectation of financial results to be announced soon as the extension got turned down by SECP.

Sectors contributing to the performance include E&P (+101 points), Autos (+22 points), Fertilizer (+20 points), Engineering (+14 points) and O&GMCs (+13 points).

Volumes increased significantly from 56.5 million shares to 86.1 million shares. Average traded value also increased by 33 percent to reach $ 25.2 million as against $ 19 million.

Stocks that contributed significantly to the volumes include WTL, KEL, OGDC, FCCL and TRG, which formed 38 percent of total volumes.

Stocks that contributed positively include OGDC (+54 points), PPL (+30 points), MARI (+12 points), SNGP (+11 points), and SEARL (+9 points). Stocks that contributed negatively include FCCL (-8 points), PSO (-7 points), SPWL (-5 points), KTML (-5 points) and HBL (-4 points).

KARACHI: The equity market continued is declining trend on Monday and lost 403 points under selling pressure.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,129 points as against 38,532 points showing a decline of 403 points.

KSE-100 index continued its downward trend that it picked earlier last week and gave no regard to the initial signs of recovery seen on Friday.

Unlike past several sessions, the market opened on a downbeat with -12 points and the number kept growing to the downside till session’s end.

Market saw a total draw down of -479 points and closed -448 points (unadjusted).

Also, the traded volume registered lowest levels in recent times.

Major contribution to traded volumes was observed in Power Sector (KEL), followed by Banks (BOP, BAFL).

Prime Minister’s reference to large oil & gas discovery in Indus Offshore didn’t entice investors to take a large bet on OGDC/PPL and remained content on market price.

Sectors contributing to the performance include E&P (-98 points), Cement (-64 points), Fertilizer (-63 points), Power (-29 points), Banks (-25 points).

Volumes declined significantly to 56.4mn shares from 84.6mn shares (-33 percent DoD). Average traded value also declined by 40 percent to reach US$ 19mn as against US$ 31.5mn.

Stocks that contributed significantly to the volumes include KEL, WTL, BOP, OGDC and BAFL, which formed 32 percent of total volumes.

Stocks that contributed positively include PMPK (+10 points), MUREB (+5 points), PAKT (+4 points), HMB (+3 points), and MCB (+2 points). Stocks that contributed negatively include OGDC (-35 points), LUCK (-33 points), PPL (-29 points), POL (-24 points) and ENGRO (-21 points).

KARACHI: The equity market likely to display a mixed trend next week showing a range-bound behavior, analysts said.

Analysts at Arif Habib Limited said that concerns of an expected hike in the upcoming monetary policy statement may keep investors on the back seat.

However, valuations across the index have opened up to an enticing level which can provide numerous entry options.

Investor climate in the outgoing week regained some confidence while volumes continued to remain dull.

Improvement on the external front (CAD portrayed a significant decline of 72 percent YoY/59 percent MoM during February 2019, while contracting 23 percent YoY during 8MFY19), visit of Malaysian PM Mahatir Mohamad and improving ties with the US all contributed towards stimulating positivity in the investors’ sentiments.

The benchmark KSE-100 index closed at 38,532 points, registering an increase of 225 points during the week (+0.6 percent WoW).

Sector-wise positive contributions came from i) Commercial Banks (+278 points), ii) Oil and Gas Exploration Companies (+194 points), and iii) Fertilizer (+75 points).

Whereas, sectors that contributed negatively include i) Power Generation & Distribution (-126 points), ii) Oil & Gas Marketing Companies (-39 points) and Pharmaceuticals (-30 points). Scrip-wise major positive contributions came from PPL (+115 points), MCB (+91 points), HBL (+77 points), POL (+57 points), and OGDC (+51 points).

Major laggards included HUBC (-122 points), SEARL (-30 points) and MARI (-29 points).

Foreign buying witnessed in the week settled at USD 3.1 million compared to a net sell of USD 15.6 million last week.

Buying was witnessed in Commercial Banks (USD 2.9 million) and Exploration & Production (USD 1.7 million).

On the domestic front, major selling was reported by Insurance Companies (USD 4.8 million) and Other Organizations (USD 2.7 million).

Average volumes during the week settled at 84 million shares (down by 10 percent WoW) whereas average value traded arrived at USD 28 million (up by 6.6 percent WoW).

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Equity market gains 147 points on optimistic sentiments
Equity market sheds 163 points in ongoing loss making trail

KARACHI: The equity market gained 147 points on Friday on hopes of good news on economic front. The benchmark KSE-100 index closed at 38,532 points as against 38,385 points showing an increase of 147 points.

Analysts at Arif Habib Limited said that the market had a relatively better session as compared to the past whole week.

PM’s promise of sharing good news in 3 weeks did the trick for the investors, causing E&P stocks especially OGDC and PPL to take off and growing both in price and volumes.

First session saw market increasing by 228 points with 35.2 million trading volume, which grew further in the second session by adding another 108 points to reach a total of +336 points in the index, however, selling pressure ensued in second session that resulted in erosion of almost all the gains during the day.

Last half hour of trading saw buying activity that closed the index +207 points (unadjusted).

Sectors contributing to the performance include E&P (+162 points), Banks (+58 points), Textile (+11 points), Power (-36 points), Food (-21 points).

Volumes improved slightly to reach 84.6 million shares as against 81.4 million shares (+4 percent DoD).

Average traded value also increased by 4 percent to reach US$ 31.6 million as against US$ 30.4 million.

Stocks that contributed significantly to the volumes include PKGP, BOP, OGDC, HUBC and PPL, which formed 41 percent of total volumes.

Stocks that contributed positively include PPL (+84 points), OGDC (+58 points), POL (+23 points), BAFL (+18 points), and PMPK (+12 points). Stocks that contributed negatively include HUBC (-37 points), NESTLE (-20 points), PSEL (-11 points), LUCK (-10 points) and ENGRO (-8 points).

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Equity market sheds 163 points in ongoing loss making trail