Tag: Pakistan Stock Exchange

KARACHI: Pakistan stocks declined by 523 points on Wednesday due to bearish trading observed during the day.

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KARACHI: Pakistan stocks ended down by 352 points on Tuesday due to deteriorated economic conditions.

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KARACHI: Pakistan stocks ended up by 486 points on Monday on hopes of resolution of gas circular debt.

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KARACHI: Pakistan equities likely to trade under pressure due to ongoing political and economic uncertainties.

Analysts at Arif Habib Limited said that keeping in view the developments on the political and economic front, the market is expected to remain range bound.

Moreover, they believe, market would also be keenly following developments on external front with any inflows by any bilateral/multi-lateral financial institutions or from any friendly countries likely to trigger positive momentum.

READ MORE: Pakistan stocks gain 122 points in mixed trading

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a PER of 3.8x (2023) compared to Asia Pac regional average of 12.7x while offering a dividend yield of 10.2 per cent versus 2.9 per cent offered by the region.

In the outgoing week, market remained bearish, hitting 26-month low of 39,343 points on Wednesday.

The main reason for the decline was uncertainty on political front as PTI announced to dissolve the Punjab assembly, followed by no confidence movement against the Chief Minister of Punjab.

READ MORE: Bears take control of PSX as Pakistan stocks shed 558 points

On the economic front, SBP’s foreign exchange reserves decreased by $ 584 million to $ 6.1 billion, the lowest level since April 2014. Furthermore, Current Account Deficit (CAD) decreased to 19 months low of $ 276 million during November 2022.

Foreign Direct Investment (FDI) went down by 48 per cent YoY | 14 per cent MoM to $ 82 million in November 2022. Moreover, REER clocked in at 98.85 as of November 2022 compared to 100.19 in October 2022.

In addition, Pakistani Rupee (PKR) depreciated by PKR 0.7 | 0.13 per cent WoW against the US Dollar, closing the week at 225.64. The index closed at 39,669 points, losing 1,632 points (down by 3.95 per cent) WoW.

READ MORE: Pakistan stocks end up in narrow range trading

Sector-wise negative contributions came from i) Technology & Communication (379 points), ii) Fertilizer (283 points), iii) Banks (235 points), iv) Cement (161 points) and v) Food and Personal Care Products (101 points).

Whereas, the sectors which contributed positively were i) Miscellaneous (20 points) and ii) Tobacco (5 points). Scrip-wise negative contributors were TRG (231 points), ENGRO (145 points), SYS (124 points), MARI (77 points) and MCB (63 points).

READ MORE: Pakistan stocks gain 174 points amid lackluster trading

Meanwhile, scrip-wise positive contribution came from PPL (28 points), PSEL (26 points), LOTCHEM (24 points), AICL (9 points) and OGDC (8 points).

Foreigners selling continued during this week, clocking in at $ 3.3 million compared to a net sell of $ 9.6 million last week. Major selling was witnessed in Commercial Bank ($ 4.2 million) and E&P’s ($ 0.4 million).

On the local front, buying was reported by Banks/DFIs ($ 7.9 million) followed by Companies ($ 5.0 million). Average volumes clocked in at 180.2 million shares (up by 11.3 per cent WoW) while average value traded settled at $ 21.7 million (up by 7.7 per cent WoW).

KARACHI: Investors in the Pakistan Stock Exchange (PSX) are gearing up for a week of careful observation, as the market remains sensitive to unfolding political and economic situations.

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KARACHI: Pakistan stocks on Friday gained 122 points in mixed trading sessions during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 41,301 points from previous day’s closing of 41,179 points, showing an increase of 122 points.

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KARACHI: Bears took control of Pakistan Stock Exchange (PSX) as the market recorded a loss of 558 points on Thursday. The benchmark KSE-100 index of PSX ended 41,180 points from previous day’s closing of 41,738 points, showing a decline of 558 points.

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KARACHI: Pakistan stocks ended up on Wednesday while trading in narrow range during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,737 points from previous day’s closing of 41,714 points, showing an increase of 23 points.

READ MORE: Pakistan stocks gain 174 points amid lackluster trading

Analysts at Arif Habib Limited said that the PSX had a range-bound session during the day.

The benchmark KSE-100 index fluctuated in a narrow range throughout the day after the market opened in the red and quickly created a thin range of trading both ways.

READ MORE: Stocks dip by 158 points as investors remain jittery

Due to the ongoing unfavorable economic sentiments and political instability, investors remained on the sidelines.

Volumes in the main board dried up, although expectations of the gas price hike kept the E&P sector in the limelight.

READ MORE: Weekly Review: stocks may observe range-bound trading

Sectors contributing to the performance include Technology & Communication (+72.3 points), E&P’s (+40.0 points), Miscellaneous (+39.7 points), Textile Composite (+7.2 points), Vanaspati & Allied Industries (+5.1 points).

READ MORE: Pakistan stocks inch up in range-bound trading

Volumes increased from 144.8 million shares to 146.7 million shares (+1.3 per cent DoD). The average traded value also increased by 4.2 per cent to USD 17.4 million as against USD 16.7 million.

Stocks that contributed significantly to the volumes are TPLP, UNITY, DFML, WTL and FCCL.