Tag: Pakistan Stock Exchange

KARACHI: The equity market ended with decline of 163 points on Thursday in its ongoing loss making trail. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,385 points as against 38,548 points showing a decline of 163 points.

Analysts at Arif Habib Limited said that KSE-100 index continued the loss making trail from past several sessions.

The market turned positive for a brief while in the morning but reverted to selling pressure which saw selling activity in Banks, Cement, Steel, Fertilizer, Autos, & OMCs.

During the session the news of Supreme Court’s acceptance of Bahria Town deal felt a fresh breathe, however, the wave lived short. By the close of market, selling pressure mounted back resulting in index sliding down by 205 points (unadjusted).

Sectors contributing to the performance include Fertilizer (-47 points), Power (-36 points), O&GMCs (-22 points), E&P (-13 points), Cement (-12 points).

Volumes declined slightly from 83mn shares to 81mn shares (-2 percent DoD). Average traded value however, increased by 22 percent to reach US$ 30.4mn from U$ 24.9mn.

Stocks that contributed significantly to the volumes include BOP, PAEL, HUBC, SSGC and WTL, which formed 24 percent of total volumes.

Stocks that contributed positively include POL (+21 points), BAHL (+12 points), HBL (+5 points), UBL (+5 points), and KOHC (+4 points). Stocks that contributed negatively include HUBC (-33 points), MARI (-22 points), ENGRO (-20 points), OGDC (-16 points) and PMPK (-12 points).

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell by 65 points owing to week sentiments prevailed on Wednesday.

The index closed at 38,548 points as against 38,612 points showing a decline of 65 points.

Analysts at Arif Habib Limited said that the weak sentiment caused the index to remain range bound. After an initial increase of 54 points, the index fell down by 185 points which was witnessed by close of market.

Recovery from lowest level couldn’t help close the index in green. Mainly volume was observed in PTC (11 million), followed by BOP and WTL.

Sector wise, Technology sector topped the chart, followed by Banks and Cement. Poor quarterly sales numbers for North based cement manufacturers caused anxiety amongst investors, however, buying activity matched the selling pressure in Cement stocks. Banks, Autos, OMCs and Steel sectors contributed on the down side to the index.

Sectors contributing to the performance include Power (-50 points), O&GMCs (-39 points), Tobacco (-13 points), Fertilizer (+46 points), Banks (+36 points), E&P (+15 points).

Volumes increased from 70.8 million shares to 83.1 million shares (+17 percent DoD). Average traded value also increased by 9 percent to reach US$ 248 million as against US$ 22.7 million.

Stocks that contributed significantly to the volumes include PTC, BOP, WTL, PAEL and DCL, which formed 41 percent of total volumes.

Stocks that contributed positively include ENGRO (+37 points), MCB (+15 points), PPL (+14 points), UBL (+9 points), and DAWH (+7 points). Stocks that contributed negatively include HUBC (-47 points), SNGP (-19 points), PMPK (-13 points), PSO (-10 points) and SEARL (-6 points).

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Equity market falls by 240 points in dull trading

KARACHI: The equity market fell by 240 points on Tuesday as dull trading activities prevailed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,612 points as against 38,852 points showing a decline of 240 points.

Analysts at Arif Habib Limited said that KSE-100 index opened positive 61 points and carried the optimism from yesterday’s buying activity that saw market jumped 545 points.

Contrary to that market returned to the dull pace and non-interest that has been witnessed past whole week.

Trading volume was seen highest in PAEL that saw 15.4 million shares against a total market volume of 70.7 million shares.

Investors did not show interest in buying at prevailing prices, which eventually took the market down in the final hour by a wide margin.

Close to 30 million trading volume was seen in the final hour of trading.

Selling was seen across the board and large cap scrips saw the most declines including HBL, UBL, LUCK, GHNI and Auto sector stocks.

Sectors contributing to the performance include Banks (-63 points), Cement (-60 points), Power (-50 points), O&GMCs (-17 points), E&P (-12 points).

Volumes declined from 99 million shares to 70.8 million shares (-28 percent DoD). Average traded value also declined by 29 percent to reach US$ 22.7 million as against US$ 32.1 million.

Stocks that contributed significantly to the volumes include PAEL, BOP, TRG, MLCF and SNGP, which formed 42 percent of total volumes.

Stocks that contributed positively include BAFL (+14 points), PMPK (+12 points), POL (+10 points), ENGRO (+9 points), and HMB (+8 points). Stocks that contributed negatively include HUBC (-39 points), LUCK (-26 points), HBL (-26 points), UBL (-23 points) and BAHL (-12 points).

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Equity market climbs up by 545 points

KARACHI: The equity market gained 545 points on Monday following positive comments came from the finance minister at an even.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,852 points as against 38,307 points showing an increase of 545 points.

Analysts at Arif Habib Limited said that the market opened on a positive note with +49 points and initially leaped forward +200 points however, low volumes and lack of interest by investors in general caused the index to slide.

The market came down by 145 points, again with low volumes. Mid day, activity started picking pace with first signs of recovery in KEL, followed by Cement sector and then spreading to all and sundry.

Positive comments by participants in a Bloomberg conference and days of lethargic activity is believed to have caused an improvement in sentiment and increase in otherwise poor trading volumes.

Sectors leading the volumes table include Power (KEL), Banks (BOP) and Cement (MLCF). Large cap stocks such as UBL, HBL, ENGRO, OGDC increased significantly that had the index close +566 points (unadjusted).

Sectors contributing to performance include Banks (+230 points), Fertilizer (+93 points), Cement (+70 points), Power (+47 points), & O&GMCs (+38 points).

Volumes declined from 129.5mn shares to 99.4 million shares (-23 percent DoD). Average traded value also declined by 3 percent to reach US$ 32 million as against US$ 33.1 million.

Stocks that contributed significantly to the volumes include KEL, BOP, PAEL, PIBTL and TRG, which formed 39 percent of total volumes.

Stocks that contributed positively include HBL (+91 points), MCB (+69 points), FFC (+43 points), HUBC (+35 points), and LUCK (+34 points). Stocks that contributed negatively include COLG (-12 points), IGIHL (-7 points), JLICL (-7 points), SEARL (-7 points) and PMPK (-5 points).

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Weekly Review: market to stay range bound on delay in IMF program

KARACHI: The equity market likely to stay range bound next week due to delay in the IMF agreement, analysts said on Saturday.

Key near term events include visit of the Malaysian Premier on Pakistan Day (23rd Mar’19) as well as the State Bank of Pakistan’s Monetary Policy this month.

Analysts at Arif Habib Limited said that market climate appeared gloomy this week with investors cautiously navigating through murky waters.

As economic headwinds continue to subdue overall growth, market participants have hopes attached to a potential agreement with the IMF to bring the economy back to the right track and improve sentiment.

This week, the benchmark index lost 643 points (-1.7 percent WoW) to settle at 38,306 points.

Sector-wise negative contributions came from i) Commercial Banks (149 points), ii) Cement (120 points), iii) Oil and Gas Exploration Companies (109 points), iv) Oil and Gas Marketing Companies (76 points), and v) Power Generation & Distribution Companies (53 points).

Whereas, sectors that contributed positively include i) Tobacco (48 points), and ii) Textile Composite (7 points). Scrip-wise major laggards were LUCK (68 points), MCB (50 points), POL (49 points), HBL (48 points) and OGDC (39 points).

Foreign selling continued this week clocking-in at USD 15.6mn compared to a net sell of USD 3.5mn last week. Selling was witnessed in Exploration & Production (USD 13.4mn) and Cement (USD 1.5mn).

On the domestic front, major buying was reported by Insurance (USD 8.3mn) and Companies (USD 3.6mn). Volumes during the week settled at 93mn shares (down by 18 percent WoW) whereas value traded arrived at USD 27mn (down by 21 percent WoW).

Other major news: i) Overseas Pakistanis remit USD 14.35bn in 8MFY19, ii) Trade deficit narrows 11 percent to USD 21.5bn in Jul-Feb’19, iii) Foreign reserves increase to USD 14.965bn, iv) LSM growth falls by 2.3 percent in 7 months, v) Largest hosiery producer goes public, vi) and PSDP for FY2019-20 likely to stay unchanged at PKR 675bn.

KARACHI: The equity market ended down by 120 points in narrow trading activities on Thursday. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,808 points as against 38,929 points showing a decline of 120 points.

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The equity market saw modest gains on Wednesday, with the benchmark KSE-100 index closing at 38,929 points, up from the previous day’s 38,896 points, marking an increase of 32 points.

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KARACHI: Trading at the equity market was remained lackluster as the taxation measures failed to attract investors.

The benchmark KSE-100 index closed at 38,896 points as against 38,924 points showing a decline of 28 points.

The government on the demand of stock market abolished the advance tax on sale and purchase of shares and also allowed loss carry forward for next three years.

Analysts at Arif Habib Limited said that the market repeated the pattern witnessed in the past couple of sessions, viz an increase in the beginning of session followed by selling till the end.

The index again traded in a narrow range and oscillated between +106 points and -276 points.

Traded volumes improved over the day but were still lethargic considering the hey-days.

The banks again led the volumes table (18.3 million), contributed by BOP (11.5 million), followed by Cement sector which took the cue from anticipated construction activity as indicated by the prime minister.

Large cap banks and E&P remained on the negative side throughout the session and were the main reasons for slide in index.

Sectors contributing to the performance include Banks (-92 points), Autos (-12 points), Cement (+28 points), E&P (+24 points), Pharma (+11 points).

Volumes increased from 68 million shares to 90 million shares (+32 percent DoD). Average traded value also increased by 19 percent to reach US$ 28.3 million as against US$ 23.8 million.

Stocks that contributed significantly to the volumes include BOP, WTL, DCL, KEL and FCCL, which formed 43 percent of total volumes.

Stocks that contributed positively include OGDC (+26 points), ABOT (+13 points), PMPK (+11 points), HMB (+9 points), and LUCK (+9 points). Stocks that contributed negatively include MEBL (-32 points), HBL (-27 points), MCB (-20 points), ENGRO (-11 points) and BAFL (-10 points).

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Equity market sheds 26 points in range bound trading

KARACHI: The equity market has lost 26 points on Monday in a range bound trading activities.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,924 points as against 38,950 points showing a decline of 26 points.

Analysts at Arif Habib Limited the market remained range bound throughout the day and oscillated between -74 points to +196 points.

The index went up earlier during the day but selling pressure brought the index down.

Majority of the volumes were observed in OGDC on the downside, both in regular market (2.6 million) and also on NDM (6.3 million).

Other than OGDC, PPL and POL also saw activity on the downside.

Banking sector topped the volumes chart, out of which BOP saw volume of 16 million.

Volumes remained anaemic and investors generally remained cautious as the market is coming off slowly again after it dropped significantly last week due to tensions on the border.

Sectors contributing to the performance include Banks (+46 points), Fertilizer (-21 points), E&P (-17 points), O&GMCs (-12 points), Insurance (-12 points), Autos (-7 points).

Volumes declined again from 74 million shares to 68 million shares (-9 percent DoD).

Average traded value also declined by 12 percent to reach US$ 23.8 million a as against US$ 27.1 million.

Stocks that contributed significantly to the volumes include BOP, KEL, DCL, UNITY and OGDC, which formed 43 percent of total volumes.

Stocks that contributed positively include MEBL (+21 points), UBL (+16 points), PMPK (+10 points), KTML (+9 points), and HCAR (+8 points). Stocks that contributed negatively include ENGRO (-15 points), OGDC (-12 points), PSMC (-8 points), JLICL (-7 points) and EFERT (-6 points).

KARACHI: The equity market to stay range bound during next week after end of results season and ease in tension between Pakistan and India.

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