Tag: Pakistan Stock Exchange

KARACHI: The equity market has recovered early day losses following the news of retaliation by Pakistan and shot down two Indian aircrafts inside Pakistan.

The KSE-100 index is being traded at 37,723 points dwon 1,098 points or 2.83 percent at 12:16PM.

In response to PAF strikes this morning as released by MoFA, IAF crossed LOC. PAF shot down two Indian aircrafts inside Pakistani airspace. One of the aircraft fell inside AJ&K while other fell inside IOK. One Indian pilot arrested by troops on ground while two in the area, said GD ISPR.

Earlier in the day the stock market witnessed a decline of 1475 points.

KARACHI: The equity market eroded by 785 points on Tuesday following violation of Pakistani air space by India.

Indian military planes violated the Line of Control (LoC), intruding from the Muzaffarabad sector, Director-General Inter-Services Public Relations Major-General Asif Ghafoor said on his official Twitter account early on Tuesday.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,822 points as against 39,607 points showing a decline of 785 points.

Analysts at Arif Habib Limited said that it was quite an eventful day it turned out to be.

Indian aggression on Pakistani soil caused mayhem at PSX, where the index opened 184 points down and ended the session at 880 points down.

All in all, 287 scrips were seen in decline, whereas 48 advanced.

At a point in time, the market went down to 680 points and recovered to 370 points down, which was contributed generally by index heavy weights, especially HBL and UBL.

However, last half hour of trading coincided with the press conference of Ministers that caused significantly higher number of scrips touching lower circuits.

Sectors contributing to performance include Banks (-211 points), E&P (-148 points), Fertilizer (-106 points), Cement (-92 points), O&GMCs (-60 points).

Volumes increased from 68 million shares to 162 million shares (+137 percent DoD).

Average traded value also increased by 89 percent to reach US$ 50 million as against US$ 26 million.

Stocks that contributed significantly to the volumes include BOP, KEL, EPCL, PIBTL and MLCF, which formed 32 percent of total volumes.

Stocks that contributed positively include PAKT (+30 points), AGIL (+5 points), ARPL (+4 points), ATLH (+3 points), and EPCL (+1 points). Stocks that contributed negatively include OGDC (-57 points), PPL (-47 points), LUCK (-40 points), UBL (-38 points) and BAHL (-37 points).

KARACHI: The equity market plunged by over 400 points on Monday due to selling pressure seen in banking scrips.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,607 points as against 40,016 points showing a decline of 409 points.

Analysts at Arif Habib Limited said that the market opened 26 points down but turned green for a short while up to +30 points.

However, the selling pressure in Banking sector, especially UBL and HBL plunged the market.

For good part of the session, UBL topped the volumes chart and price drop carried from previous sessions.

Overall market volumes remained anemic, where banking sector garnered most with 21 million shares out of which BOP did 12.2 million, followed by UBL 4.5 million shares.

Absence of positive news triggers and heightened tensions on the border with India dented investor sentiment.

Sectors contributing to the performance include Banks (-160 points), Cement (-46 points), E&P (-42 points), Fertilizer (-35 points), Power (-33 points).

Volumes declined from 99 million shares to 68 million shares (-31 percent DoD).

Average traded value also declined by 33 percent to reach US$ 26 million as against US$ 39 million.

Stocks that contributed significantly to the volumes include BOP, STPL, UBL, PAEL and KEL, which formed 40 percent of total volumes.

Stocks that contributed positively include FFC (+8 points), SHFA (+5 points), MCB (+5 points), POL (+3 points), and SCBPL (+3 points). Stocks that contributed negatively include HBL (-54 points), UBL (-51 points), HUBC (-31 points), LUCK (-27 points) and DAWH (-22 points).

KARACHI: The equity market is expected to rebound next week after tracking negative leads in the past three weeks, analysts said.

Analysts at Arif Habib Limited said that the benchmark index to witness a rebound given improvement in economy as current account deficit has narrowed by 17 percent to USD 8.4 billion coupled with tension between Pakistan and India cooling off and materialization of Saudi deal which will improve the investment climate.

On the other hand, rising international oil prices and expected result announcement of INDU, DGKC, NML, ASTL, PPL, SEARL and BOP may keep these scrips under limelight.

This week trading commenced on a negative note despite historic visit of the Saudi Crown Prince where both the governments signed an investment deal worth $ 21 billion.

The analysts believed market activity remained sluggish and the index hovered sideways on the back of i) tension between Pakistan and neighboring country India post Pulwama terrorist attack which led to the imposition of 200 percent regulatory duty on Pakistani exports; this triggered a selling pressure in cement scrips, ii) Lower than expected results of heavy weight scrips (UBL, HBL, HUBC and KAPCO), and iii) ongoing meeting of the Financial Action Task Force (FATF) to review Pakistan’s status.

As a result, the benchmark KSE-100 index closed at 40,016 points, down by 471 points or 1.16 percent WoW.

Contribution to the downside was led by i) Power Generation and Distribution (-142 points) due to absence of dividend in their recent result announcement, ii) Commercial Banks (-139 points) amid lower than expected results, iii) Pharmaceuticals (-35 points), iv) Transport (-27 points), and v) Tobacco (-26 points).

Scrip wise major losers were UBL (-120 points), HBL (-115 points), HUBC (-68 points), KAPCO (-56 points) and SNGP (-37 points). While, the only sector that contributed positively to the index was Oil and Gas Exploration Companies (+85 points) due to surge in international oil prices.

Foreign buying continued this week clocking-in at USD 3.5 million compared to a net buy of USD 12.1 million last week. Major buying was witnessed in Cements (USD 3.3 million) and Commercial Banks (USD 1.4 million).

On the local front, selling was reported by Individuals (USD 4.7 million) followed by Companies (USD 1.0 million).

That said, average daily volumes for the outgoing week were down by 22 percent to 105 million shares likewise value traded decline by 14 percent to USD 39 million.

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended down by 55 points on Friday due to lack of interest by investors.

The index closed at 40,016 points as against 40,070 points showing a decline of 55 points.

Analysts at Arif Habib Limited said that with a lack of fanfare and excitement, the market finally ended the week in red.

Banking sector realized the most volumes (20 million), followed by Chemical Sector (8.7 million).

Among the banking sector, UBL hit lower circuit again with a traded volume of 4.2 million shares at lower circuit.

Following the bearish sentiment, BOP, NBP and HBL also traded in red.

NBP’s announcement of financial results sans dividend failed to impress the investors, which resulted in stock trading at lower than yesterday’s closing.

Overall, the index went down by 279 points, however, recovery of around 200 points was seen by end of session.

Sectors contributing to the performance include Banks (-99 points), Miscellaneous (-26 points), E&P (+23 points), Autos (+20 points).

Volumes declined from 103 million shares to 98 million shares (-4 percent DoD). Average traded value also declined by 10 percent to reach US$ 39 million as against US$ 44 million.

Stocks that contributed significantly to the volumes include BOP, PAEL, OGDC, LOTCHEM and UBL, which formed 26 percent of total volumes.

Stocks that contributed positively include MCB (+26 points), OGDC (+16 points), HUBC (+13 points), THALL (+13 points), and MEBL (+12 points).

Stocks that contributed negatively include UBL (-77 points), PSEL (-26 points), HBL (-22 points), ENGRO (-16 points) and HMB (-15 points).

Karachi, Pakistan – On Thursday, the equity market of Pakistan has plunged by 209 points due to selling pressure observed during the day.

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KARACHI – The equity market in Pakistan witnessed positive momentum on Wednesday, driven by encouraging financial results declared by the corporate sector.

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KARACHI: The equity market fell below 40,000 points on Tuesday owing to selling pressure throughout the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,957 points as against 40,220 points showing a decline of 262 points.

Analysts at Arif Habib Limited said that the market remained under pressure throughout the day barring an initial burst of positivity that added 100 points to the index.

During the day, the index went down by 278 points and breached 40,000 level.

Blue chips stayed low and selling pressure by end of session caused further pressure.

Major volumes were observed in Power, Cement, Chemical and Banking sectors.

Sentiment drivers during the session were PM’s speech on Indian allegation on the recent attack, which was although positive in stance but stock prices showed investors’ concern.

Sectors contributing to the performance include Banks (-72 points), E&P (-42 points), Fertilizer (-32 points), Tobacco (-26 points), Textile (-14 points).

Volumes declined from 99 million shares to 94 million shares (-5 percent DoD). Average traded value also declined by 19 percent to reach US$ 28 million as against US$ 34 million.

Stocks that contributed significantly to the volumes include KEL, STPL, PAEL, PIBTL and PTC, which formed 32 percent of total volumes.

Stocks that contributed positively include LUCK (+14 points), MCB (+10 points), PSO (+8 points), SYS (+3 points), and ICI (+3 points). Stocks that contributed negatively include HBL (-41 points), PAKT (-26 points), SNGP (-18 points), UBL (-16 points) and MARI (-14 points).

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KARACHI: Despite the historic accords signed between Pakistan and Saudi Arabia, the equity market responded negatively on Monday as the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 40,219 points, showing a decline of 267 points from 40,487 points.

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